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Discover insights and strategies on how New England colleges can weather economic downturns and thrive. Learn from experts like Katharine Bradbury on forecasting future economic conditions and preparing for success. Explore trends in home prices, delinquent mortgages, foreclosures, and employment growth in New England and the United States. Gain valuable information on assessing the damage caused by economic turbulence and planning for a prosperous future in higher education.
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Higher Education in a Troubled Economy: How New England’s Colleges and Universities Can Survive the Downturn and Prepare to ThriveNew England Board of Higher EducationDecember 5, 2008 9:30 – 10:45 session: Assessing the Damage and Forecasting for the Future New England economic conditions and outlook Katharine Bradbury, Federal Reserve Bank of Boston
FHFA home price index percent change from a year earlier New England United States
Seriously delinquent mortgagesMortgages with payments 90 days past due plus inventory of mortgages in foreclosure, as a percent of loans in pool. United States New England
Foreclosures started, all loansForeclosures initiated in quarter, as percent of loans in pool. United States New England
Employment growth percent change from a year earlier United States -0.2 -0.8 New England
Employment by industry, % change Oct. 2006 – Oct. 2007 Oct. 2007 – Oct. 2008
Unemployment rate percent United States 6.5 5.9 New England
New England regional forecast from the New England Economic Partnership Unemployment rate Annual employment change percent percent