– Laureen Poulakis, Brennan Consulting
As we head into the lazy days of summer, real estate markets continue to shift in the Northeast and new trends are emerging as the economic rebound continues. Even though the bumpy ride of 2016 and 2017 endures, CBRE reports the New England real estate market is expected to perform well through 2018 and adapt to fluctuating financial conditions and increasing end-user demands. Deregulation promises growth while some remain skeptical of long term impacts.
The Federal Reserve Bank’s New England Public Policy Center reports 2018 increases in employment across New England with construction exceeding all other supersectors and outpacing the nation. Economic growth in New England is still restrained by political uncertainty at both the State and Federal levels, more so in CT and RI, with RI turning a corner in housing; recording some of the fastest price increases in the region. Surprisingly, NH remains the only state in New England with economic growth rates that exceed national trends.
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