6 Economic Projections all MA Residents Should Hear
If the US economy stays on its current track, we are on pace to see:

• Interest rates hold for 2-3 years while GDP increases
• Home sale prices increase 2.5% per year in Massachusetts
• 10 million jobs added nationwide by 2016;  MA unemployment rate going down(not as fast as nationally)
• Next wave of buyers are 15-19 years old now. Home price increases will provide equity for families to assist with this age group as first time home buyers in years to come
• Increase in multi-family housing demanded, investors continuing to buy with low rates
• Rents continuing to climb with demand, yet affordability of ownership has never been better (ratio of earnings to price to purchase)

The above thoughts are from my notes from the Economic Expectation Seminar held at the Federal Reserve Bank in Boston, Nov. 7, 2012 by the Greater Boston Association of Realtors. Please contact me to talk about trends within your neighborhood and community.