Anxiety grips state's economy

Housing market By some measures it doesn’t appear the recession ever ended in the state’s housing sector: Sales and demand for new mortgages are at 20-year lows, there is little demand for new homes, and many people either don’t need to refinance, or they can’t qualify and are out of the spending picture for now. Warren Group, a Boston real estate data publisher, reported that foreclosures by lenders rose 42 percent in June, to 931, the highest monthly amount since August 2010. Some housing market specialists also said the dour economic news threatens to make a bad situation worse.
Bill Sikes / The Associated Press

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

Your article has been sent.

By Casey Ross, Todd Wallack, and Katie Johnston, Globe Staff

Housing market

By some measures it doesn’t appear the recession ever ended in the state’s housing sector: Sales and demand for new mortgages are at 20-year lows, there is little demand for new homes, and many people either don’t need to refinance, or they can’t qualify and are out of the spending picture for now.

Warren Group, a Boston real estate data publisher, reported that foreclosures by lenders rose 42 percent in June, to 931, the highest monthly amount since August 2010. Some housing market specialists also said the dour economic news threatens to make a bad situation worse.