ORDER TODAY AND SAVE
MONTHLY TRANSFER DIRECTORY REPORTS
Call 617.896.5388 or email datasolutions@thewarrengroup.com
THE FINANCIAL SERVICES AND REAL ESTATE WEEKLY FOR MASSACHUSETTS BY THE NUMBERS
PAGE 6
IN PERSON
County close-up: Bristol Spotlight: Seekonk
PAGE 7
Under CEO Peter Gottlieb, Hobbs Brook Real Estate has bucked suburban Boston vacancy trends by executing 683,000 square feet of office leases in the past 12 months – 15 percent of its portfolio.
WEEK OF MONDAY, JANUARY 6, 2025
R AT E R E F L E C T I O N
2025
$18 million The second home in this week’s Gossip Report was originally listed for $18 million. See page 6. Source: Boston.com
6,057 The number of homes in Seekonk. See the Town Spotlight in By the Numbers on page 4. Source: Census Bureau
$10.5 million The second home in this week’s Gossip Report sold for $10.5 million. See page 6. Source: The Warren Group
$510,000 The median single-family sale price in Seekonk. See By the Numbers on page 4. Source: The Warren Group’s Statistics Module
$4.41 million The mortgage, provided by the seller, used to buy the first home in this week’s Gossip Report. See page 6. Source: The Warren Group
10 percent The year-over-year drop in singlefamily home sales in Seekonk. See By the Numbers on page 4. Source: The Warren Group’s Statistics Module
$3,855.78 The highest sale price per square foot in this week’s Gossip Report. See page 6. Source: The Warren Group
109 The number of single-family homes sold in Seekonk through Nov. 30. See By the Numbers on page 4. Source: The Warren Group’s Statistics Module
Unless otherwise noted, all data is sourced from The Warren Group’s Mortgage Market Share Module, Loan Originator Module, Statistics Module
INTEREST RATE OUTLOOK
PROVES MIXED BAG Incremental Cuts Make Headlines, Not Real Change BY SAM MINTON BANKER & TRADESMAN STAFF
A
s the calendar turns to 2025, banks will continue to receive little relief when it comes to interest rates. The Federal Reserve has indicated that it expects to make only two interest rate cuts in 2025. Chair Jerome Powell has expressed that The Fed will be cautious in 2025 as the nation still deals with inflation. “In some ways it’s surprising, in some ways it’s just more of the same,” said Dan
Carey, senior vice president and CFO at Cambridge Savings Bank. “We don’t really know where things are going. We had a lot of election uncertainty, before that was economic uncertainty. There’s always something that we’re trying to grasp at.”
Credit Risk Still a Concern
Carey considers the Fed’s position in 2025 may be a response to the political atmosphere. “It seems like compared to 2016 they’re moving much faster as far as getting people in place,” he said. “This is also [President-elect Donald] Trump’s second term, so he’s not going for reelection anymore. You kind of feel like he’s going to do
what he wants to do and push forward. So you’re going to have some forces that obviously go against that, and I think that was the message that the Fed had.” Reading Cooperative president and CEO Julie Thurlow also noted that from a budget standpoint, the bank isn’t counting on any rate decreases next year, partly due to the state of the economy and the new administration. “That’s more our own self-reflection on the state of the economy, where it is right now, and the new administration and their appetite for tax reductions, for tariffs, just the conversation that’s being had in those topics could have an inflationary effect,” Continued on Page 6 she said.
COMMERCIAL INTERESTS
2025 OUTLOOK
T’s Land Grabs Make Me Revisit an Idea I Once Panned
You Survived ‘Till 2025. Here’s What Comes Next
By Scott Van Voorhis | Banker & Tradesman Columnist
By Steve Adams | Banker & Tradesman Staff
Could North-South Rail Link New Year Brings Shifting Help Build More Housing? Landscape for CRE Industry
and/or proprietary database. For more information please visit www.thewarrengroup.com/business/ datasolutions.
iStock photo illustration
RESIDENTIAL REAL ESTATE BY THE NUMBERS
Opinion PAGE 3
XX Real Estate Commercial 9 PAGEPAGE 7