Economy

Buying a home can bring a sense of joy, satisfaction, and accomplishment. But with rising prices in the local housing market combined with today’s uncertain economy, not everyone will have the opportunity to experience the excitement that comes with homeownership. This can be especially true when considering wealth differences in …

Michael P. Norton State House News Service Accountants continue to sound the alarm over high-income residents leaving Massachusetts, in part to avoid the new income surtax that even the CPAs acknowledge has led to a “surge” in state tax revenues. In its new 2024 public policy and competitiveness report, the …

Sam Drysdale State House News Service House Democrats will seek a vote this week on a bill that combines $6.2 billion in state borrowing and tax credits with policy reforms designed to unlock new housing production, including development of units on single-family lots. With sky-high sale prices and rents suffocating …

Colin A. Young State House News Service There were 3,100 single-family homes sold in Massachusetts last month, and while that number alone may not mean much to those still looking for an affordable home here it may represent a glimmer of hope — it was the largest year-over-year increase in …

“Mayor Jon Mitchell delivered his FY2025 budget proposal to the City Council Wednesday night. Did you know that about 75% of the total budget (the purple and red pie slices in the chart) are costs the City is legally mandated to pay, no matter what? That’s why we encourage everyone …

By Alison Kuznitz State House News Service State officials are planning to open an overflow shelter at a former Norfolk correctional facility next month that can accommodate about 140 families, a move from the Healey administration that drew frustration from a Republican lawmaker. The Bay State Correctional Center, a former …

By Colin A. Young State House News Service The signs of spring are all around: the days are getting warmer, baseball is back, and Massachusetts home prices are setting records as demand continues to significantly outpace the inventory of houses for sale. The real estate analysts at The Warren Group …

“NEW BEDFORD – A leading credit rating agency has affirmed the City’s credit rating, pointing to New Bedford’s effective leadership and strong economic prospects. Standard & Poor’s recently awarded New Bedford a AA+/Stable long term enhanced rating and affirmed its AA-/Stable underlying rating, giving the City high marks for financial …

By Sam Drysdale State House News Service Gov. Maura Healey has frequently pointed to getting more migrants authorized to work as a key step in moving people out of the state’s overwhelmed emergency family shelter system, but the number of new arrivals who have work authorizations has stagnated since December. …

Just imagine that you have been waiting in line at your local Wendy’s during the lunch rush, but when you pull up to order everything on the menu is a dollar more than usual. That scenario may soon become real, because Wendy’s plans on testing surge pricing that will increase …