Top economists thoughts on the Housing market 11/26/2022
Wednesday, December 14
I always like to read an article, then let it sit a bit and see if I still agree with it. How about this one from 11/26/22 https://markets.businessinside... Basically these Economists are saying that prices are really going to fall in Housing. Do we agree? YES, but only in some markets and only i...
Top 10 markets for 2023
Wednesday, December 14
https://www.realtor.com/resear... Can you believe that Worcester is ranked the 4th best Housing Market in the US positioned for Growth in 2023, they are predicting 2.5% Sales Growth and 10.6% price Growth What we are seeing in the multi market is that prices are holding strong since most buyers ...
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...