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economy: Massachusetts Unemployment Rate drops to 8.1% - 11/19/10 11:27 AM
Massachusetts Unemployment Rate drops to 8.1%
According to an article in the Boston Globe today the unemployment rate in Massachusetts is moving in the right direction. It is now down to 8.1% which is the lowest it has been since April of 2009.
Nearly 10,000 jobs were added in October which is a relatively strong number for the current state of the economy. Since January, the state has added nearly 50,000 jobs and that can only be viewed as promising.
A large part of the picture is that technology and business spending fuels the Massachusetts economy and those areas in the Commonwealth have either kept … (13 comments)
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economy: Household Debt is on the Decline - But How? - 10/01/10 04:23 PM
You may have read that the American consumer is on a path of spending less and saving more. Household debt has been on the decline by nearly 2.3 percent over the past two years. That is a saving of approximately $610 billion.
A savings of 2.3 percent seems pretty impressive when you consider the fact that these types of debts grew at an annualized rate in excess of 10% over the previous decade.
At face value, it sounds as though average Americans are taking control of their finances and becoming more fiscally responsible. But, according to an article in The Wall Street … (10 comments)
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economy: Tapping the TARP - Will it Help the Housing Market? - 01/16/09 12:17 PM
Barack Obama has asked for and has been granted the release of the second $350 billion from the Troubled Asset Relief Program funds to the treasury.
The request had been met with some debate from lawmakers, some who have argued that the first $350 billion were largely wasted and that there has not been enough transparency to show if and how the bailout program has worked.
Originally sold as a two-step rescue program, TARP was designed for the government to buy Wall Street's failing mortgage investments and then to rewrite those loans to help homeowners.
Much of the first half … (0 comments)
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economy: Help for New Home Buyers in the New Year - 01/05/09 01:37 PM
As we say good-bye to a year that was one of the worst for the financial and housing markets since the Great Depression, it is incumbent on us to try to find a silver lining.
What has 2008 left in its wake that may actually be helpful for new home buyers?
LOW INTEREST RATES
Since the Fed announced a plan to buy up to $500 billion of mortgage securities backed by Fannie Mae, Freddie Mac and Ginnie Mae interest rates have dropped to their lowest in 37 years.
The government's plan, which may continue to drive … (0 comments)
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economy: Life at the Mall - Natick, Massachusetts - 12/29/08 01:15 PM
Several years ago developers were putting the finishing touches on their plans to build 215 luxury condos adjacent to the Neiman Marcus and Nordstrom department stores which were already under construction in Natick. The single-level condos would be priced in range from $379,900 for an 800-square-foot unit to $1.5 million for 2,200 square feet.
It was all part of a plan to transform the Natick Mall to a shopping and living Mecca which would include 65 new stores, four restaurants, two twelve-story living towers and a world class fitness center.
The $170 million Nouvelle in Natick is now … (0 comments)
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economy: The Fed's New Plan to Help Home Buyers - 11/26/08 11:57 AM
Lately, it seems as though with each passing week there is another announcement of a government bailout or program with an astronomical figure attached to it.
Tuesday, the Treasury announced two new plans to help stimulate the housing market. The first plan is mainly to finance loans for consumers and the other one will push down home mortgage rates. These are the latest actions to begin to stem the tide of losses from the subprime mortgages that have spread throughout the economy.
With this new plan, the Fed will be pumping large amounts of money into specific markets for mortgages … (0 comments)
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Claudette Millette - Metrowest Mass Buyer Broker
Ashland,
MA
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