U.S. Consumers Close Wallets As Job Market Darkens
Wednesday, December 24, 2008 (108 reads)
U.S. consumers cut their spending for a fifth straight month in November as a year-old recession tightened its grip, but with prices dropping, they got more for each dollar, a report showed on Wednesday.
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Record-Setting Drops In November Home Prices, Sales
Tuesday, December 23, 2008 (621 reads)
The median price for homes sold in November in Massachusetts plummeted 16.7 percent to $275,000, the largest single monthly year-over-year price decline since The Warren Group, publisher of Banker & Tradesman, began tracking the housing market in 1987.
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RBJ: Vacancy Up, Lease Rates Down
Monday, December 22, 2008 (307 reads)
The commercial office market in Greater Boston has begun to feel the effects of the slowing economy in the fourth quarter, with vacancy rates creeping up and asking lease rates dropping, according to a recent report from Richards Barry Joyce & Partners (RBJ), a commercial real estate advisory firm.
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