From the Bankers & Tradesmen

The Massachusetts economy is running well despite signs of a slowdown and while no single factor is holding the economy back, analysts said the combination of a labor shortage, trade tensions, an impeachment inquiry and more could darken the outlook.

Economists at MassBenchmarks reported Wednesday that “despite the recent slowdown and the uncertainties on the horizon, the performance of the Massachusetts economy remains solid.” MassBenchmarks board members discussed the factors contributing to a slowdown – the state economy grew at a 1.4 percent annualized rate in the second quarter, slowing from a 2.7 percent annualized rate in the first quarter – and agreed “that labor supply is playing a role in tempering economic growth.”

The state’s low 2.9 percent unemployment rate means some employers could have a harder time finding workers to fill jobs, leading to employment growth that is “slowing significantly.” But on its own, the tight labor market is not enough to drive the economy down.

MassBenchmarks pointed to other sources of uncertainty – global trade tensions, the looming split between the United Kingdom and the European Union, instability of global financial markets and the U.S. House’s ongoing impeachment inquiry – that, when combined, have a damning effect on the economic outlook.

New Boston condos for sale


Sorry we are experiencing system issues. Please try again.

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

Comments

comments

Call Now