Housing prices key to recovery, study says
Stable housing prices are key to an economic recovery in Massachusetts and across the country, according to a new report sponsored by the nonprofit Boston Foundation. The Greater Boston Housing Report Card 2011, scheduled to be released today, reflects a turnaround for its authors, who have long advocated for more affordable housing. Lead author Barry Bluestone, founding director of the Kitty and Michael Dukakis Center for Urban and Regional Policy at Northeastern University, said the struggling housing market is “actually driving’’ the slow economy. Until the housing market recovers, he said, high unemployment and slow growth will continue in Massachusetts and elsewhere.