FINDING THE new up-and-coming neighborhood in and around Boston is great sport for prospective residents and real estate professionals alike. What used to pass for criteria to move in — good schools, safe streets, and leafy parks — now requires a bit more. Today’s urban dweller wants doggie daycare, yoga studios, and a hip WiFi-enabled coffeehouse. Throw in some converted lofts, great views of the city, and — boom — the next new “it” zip code.
A mere increase of 600 vacant rental units would be enough to push up Cambridge’s vacancy rate to quell the increase in housing costs in here, Northeastern economics professor Barry Bluestone said today in response to questions asked at Monday’s wide-ranging “roundtable” of the Planning Board and City Council.
Europe and China are among Massachusetts biggest export markets and the weakening of those economies could affect the state’s economic growth, said Alan Clayton-Matthews, an economics professor and Northeastern University. Among the questions are whether Europe will slip back into recession and China’s overheated real estate market will end in a bust that would unsettle the global economy.
By Andre Mayer | The AimBlog | 10.13.14 “The economy’s performance is much improved, and prospects are good that it will continue to improve,” Mark Zandi, Chief Economist at Moody’s Analytics, told the New England Economic Partnership’s Outlook Conference at the Federal Reserve Bank of Boston last week. U.S. gross domestic product is expanding at […]