A very strange housing recovery in Mass.
Boston Globe - 11/16/2014
Barry Bluestone, a professor of political economy and director of the Dukakis Center for Urban and Regional Policy at Northeastern University, agreed that the market is not behaving normally. Part of it is the lingering effects of economic and housing downturn of the last decade; prices are still far below their pre-recession levels in many towns.
But demographic trends that could have lasting effects also are at work, Bluestone said. First, the state’s population is growing — and increasing demand for housing amid tight supplies. In addition, both aging Baby Boomers and young workers increasingly want to live in cities.