Worcester Business Journal

June 16, 2025-Midyear Economic Forecast

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14 Worcester Business Journal | June 16, 2025 | wbjournal.com F O C U S MIDYEAR ECONOMIC FORECAST Do you feel the Federal Reserve will lower interest rates in 2025? And if so, how many times? What do you expect the residential housing market to do in the second half of 2025? What impact have high interest rates had on your business? E X P E R T I S E M A K E S A L L T H E D I F F E R E N C E When you arrive at a certain size, your banking needs become more complex. With Country Bank's commercial banking team, you get customized problem-solving, higher lending limits, industry expertise, and highly responsive service. The number of single-family home sales has slowed significantly in the last five years while median sales prices have increased by double-digit percentages. In April of this year, the real estate market showed signs of loosening, as the number of sales increased by 8% year-over-year in Worcester and Middlesex counties, part of a 7% increase statewide, although rising prices continued their trend. The number of sales will spike as prices continue to increase. 5% The number of sales will remain at low levels as prices continue to increase. 50% 28% 17% Sales will continue to accelerate as prices increases begin to level off. Sales volume will remain low, and price increases will level off. 42% 52% No significant direct impact. They are negatively impacting our operations. They are positively impacting our operations. 27% 9% 52% 12% No, interest rates will remain the same. No, interest rates are more likely to be increased Yes, but just once. Yes, rates will be reduced twice. 6%

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