The Massachusetts economy continued to expand at a healthier clip than the nation’s in the first half of 2011, according to state and federal reports released today.
The University of Massachusetts said today that the state’s economy "grew at an annual rate of 4.8 percent on the second quarter, more than three times faster than the national economy, which expanded at just 1.3 percent during the same period. The state’s economy has outperformed the US economy for four successive quarters," according to the report, published by the UMass Donahue Institute in collaboration with the Federal Reserve Bank of Boston.
The UMass analysis found strong job creation in the first half of this year in the state, citing the addition of 41,300 jobs, according to a federal survey of state payrolls, and a drop in the Massachusetts’ unemployment rate. The state’s unemployment rate fell to 7.6 percent in June, down from 8.3 percent at the end of last year.
On the local real estate level, greater Boston area towns are seeing activity despite the heat of mid summer. The towns of Franklin, MA, and Mansfield, MA are both seeing an uptick in both listing and sales activity. Franklin, MA real estate had 28 new single family homes come onto the market during the past 30 days, 27 homes go under contract and 33 homes sell. Mansfield, MA similarly had 23 properties come onto the market, 14 go under contract and 21 homes sell during the same 30 day period.
If you are thinking about buying or selling and need more information, give me a call at 508-369-5131 or email franklinmahomes@comcast.net. I'd be happy to help with no obligation!
Comments(0)