The Research Bureau Report December 2022
Wednesday, December 14
https://www.wrrb.org/news/2022... This is a big document but well worth the read. The big takeaway here is that RENTERS are COST BURDENED Basically that means they spend too much on rent so they don't have $ left over for other things, food, utilities, car, insurance etc. Should we be raising our...
Who wants to sell and Who wants to refinance? They probably Can't.
Tuesday, December 06
This is a fun chart, comes from Mortgage Monitor's October 2022 report. This is people who financed a loan in the last 2 years there are 7mm people who have 2.5% loans, and even of those only 3mm have good enough credit OVER 720 and 80% Equity The higher you go up the Y axis you see there are ve...
Worcester Prices set to rise 10.6% in 2023
Monday, December 05
The attached article here spends a lot of time on the Cities which will lose value. But Worcester is the top of cities poised to gain value. https://www.cbsnews.com/amp/ne... The elevated prices will be more dramatic in some cities than others, Realtor.com predicted. Metro areas that could see th...
Was professor Matheson Right about Polar Park?
Tuesday, November 22
Take a look at this article about the Ballpark from August 22, 2018. https://commonwealthmagazine.o... I agreed with Professor Matheson then, and I do now. The main benefit from the ballpark has been that Worcester is happier with itself. Is that an economic driver? Perhaps. It has put Worceste...
Is Worcester in danger of an Urban Doom Loop?
Monday, October 31
Who wants office space in Worcester? Apparently not the investors. Here is an interesting article about vacant office space in Philly. https://www.dailyitem.com/busi... Basically here is the scenario. No one wants office space. This causes the value of office buildings to drop. Here is case and...
WorcesterMulti in the News
Monday, October 31
Back in the news. Please see this article by Sam Turken of WGBH. There is a link to an audio file as well. https://drive.google.com/file/... I may have mentioned in a prior Blog that there are times after seeing Multis that I cry for Worcester. This article makes you want to cry. People who have...