President Trump's recently imposed freeze of $3 billion in federal funding to Harvard University is expected to adversely affect the real estate market in Cambridge, MA. By halting grants and contracts amidst accusations of 'woke' ideology, the cuts could lead to diminished spending by those affiliated with the university. Reports indicate Homebuyers are already reconsidering purchases, and a federal push to block foreign students could further destabilize the market reliant on graduate programs. As Harvard's contributions to the local economy are significant, changes could resonate across multiple sectors.
It's very unusual in my experience for someone to put down a $10,000 offer deposit and then back out. I do wonder if they are seeing the news of what's going on [at] Harvard, and getting a little nervous, because this property was fairly close to Harvard.
These people are mostly in their 30s or 40s, and a population that drives a thriving rental market in the college town.
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