The Ticker

Home sales start strong

Statewide home sales hit a five-year high in January, a hopeful sign for the upcoming spring real estate market, according to the Warren Group.

Single-family sales rose by more than 10 percent to 2,680, while the median price increased 6.8 percent to $277,750. That's the highest median price in three years, fueled by the lack of inventory.

"Given low mortgage rates and steady prices, there are positive signs that 2013 will be a second year of recovery," said Timothy M. Warren Jr., CEO of the Boston-based real estate tracker.

Mass. economy 'poised' for growth

Massachusetts' economy is "poised for expansion" despite a big threat from the federal budget battle, according to a new report.

The MassBenchmarks report reiterated that the state's defense, technology and health sectors could suffer massive job losses from large across-the-board cuts if the so-called sequester goes into effect on Friday.

Central Sq. biotech project gets OK

The Cambridge City Council approved zoning changes for Forest City Enterprises' plan for a 250,000-square-foot life sciences building in Central Square for drug developer Millennium. The Cleveland real estate developer's previous plan for 300 Massachusetts Ave. stalled after residents objected, but it agreed to create affordable housing in the area.

TODAY

 State Treasurer Steven Grossman speaks at a Greater Boston Chamber of Commerce forum at the Boston Harbor Hotel.

 Groupon, JC Penney, Target and TJX Cos. report quarterly financial results.

TOMORROW

 Bank of America exec Meredith Verdone speaks at a Greater Boston Chamber of Commerce women's network breakfast at the Fairmount Copley Plaza Hotel.

  Verastem CEO Christoph Westphal and co-founder Robert Weinberg speak at an MIT technology breakfast event.

  State Sen. Karen E. Spilka (D-Ashland), at left, has joined the corporate and business law department of Day Pitney LLP in the firm's Boston office.

  Mike Frisby, longtime political reporter for the Boston Globe and former White House correspondent for the Wall Street Journal, has joined forces with Regan Communications Group. Frisby, president of Frisby & Associates, a Washington, D.C.-based public relations firm, will also serve as president of Regan's Washington office.

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