Boston e-commerce software firm lands big VC round - The Boston Globe
Summary
― AARON PRESSMAN US homebuilder sentiment slid to a two-year low in June as rising inflation and higher mortgage rates weighed on housing demand. The drop comes after Canadian home prices shot up more than 50 percent over a two-year period as ultra-low interest rates and demand for larger living spaces led to bidding wars for properties. Now, as the Bank of Canada tries to rein in inflation that’s running at nearly 7 percent, mortgage rates are rising quickly and policy makers have identified high house prices and heavily-indebted homeowners as major vulnerabilities in the economy. The site was chosen in part for its access to the country’s transportation networks, Niels B. Christiansen, the Lego Group chief executive, said in the statement. Elders are also forgoing vital medical needs: 12 percent of those surveyed said they or a family member refrained from seeking treatment for a health issue because of cost.