Is a Recession Coming? What It Could Mean for Multi-Family Housing
Wednesday, September 03
There’s talk of a potential recession, and while no one can predict exactly when or how severe it might be, the economic signs are raising red flags, especially regarding housing affordability. Here’s some data that shows the growing financial pressure on Americans: - Auto loan debt is at an all-...
How Climate Change Affects Rent Prices
Monday, July 21
We all know that any increase in cost to the landlord equals an increase in rent for the tenants. We are all aware that the cost of natural disasters is increasing insurance costs, and realistically, increases taxes as municipalities need to spend more money to address climate change. What many p...
Why Banks Offer the Same Rates for New and Old Multi-Family Properties
Tuesday, May 27
Let’s take a closer look at this question, specifically in the context of multi-family properties. At first glance, it might seem logical that newer properties would qualify for lower interest rates. After all, they’re less likely to need major repairs, often attract higher rents, and typically c...
The Future of Housing in New England Amid a Shrinking Workforce
Monday, May 12
The Federal Reserve Bank of Boston recently released a revealing report titled Why New England’s Labor Force Participation Has Been Recovering So Slowly Since the COVID-19 Pandemic. The findings are striking: between 2019 and 2023, New England’s labor force participation rate declined by 2.3%—a d...
Wormtown Merger Reveals Harsh Truth About Worcester’s Tax Structure
Monday, April 28
This summer, Jack’s Abby Brewing of Framingham acquired Wormtown Brewing of Worcester, marking another step in the ongoing consolidation of the microbrewing industry in Massachusetts. Wormtown has built a strong brand, with its beer recognized beyond the local region. However, this merger raises ...
The Rising Issue of Food Insecurity in Worcester
Monday, April 14
Food insecurity in Worcester has doubled from 17.7% to 38% since 2020. This sharp increase raises concerns about broader economic stability, particularly in relation to housing and rental affordability. What is Food Insecurity? Food insecurity means that individuals and families cannot consistent...