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boston real estate: Real Estate: A Bumpy Road Ahead? - 05/19/10 01:31 PM
Imagine if we only had a crystal ball. Our major financial and life decisions would be so simple to make, and there would be no risk and no worries. Unfortunately, we do not have that luxury. Our decisions must be made upon solid data and information.Over the past year, you may have heard a repeated message; now is a good time to buy. From the data we have, we do in fact know that it is a buyer's market, and a good one. A wide variety of inventory is available, and interest rates are still low, making this an unprecedented time … (0 comments)
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boston real estate: You HAD To See It Coming! So Where's It going? News Headlines Say It All. - 10/09/08 08:52 AM
The following are The Boston Globe Newspaper's real estate headlines for the past six months...all of them (good or bad). You determine for yourself what kind of a market we continue to experience.
THE BOSTON GLOBE
October, '08: Pending home sales rise in August - More buyers are drawn to market by low-priced foreclosure properties"Some pending home sales may not close because banks are reluctant to lend as property values keep sinking and foreclosures mount."
September, '08: Mass. Home prices, sales fall further"Economics professor Karl Case said he has scrapped his latest forecast for a housing recovery in early 2009 because of the … (0 comments)
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boston real estate: Mass Housing Market Ends Worst Year in Decade - 01/26/07 06:55 AM
Here's a report without the usual "spin" or "happy face" customarily displayed by those in our industry that refuse to face/disclose the facts.The following was reported in the Boston Globe's Business section on January 26th, written by Kimberly Blanton:Massachusetts house prices tumbled 5.4 percent in December, in a sour endnote to the worst year for the state's housing market in a decade.Amid new evidence the state is still struggling to emerge from the housing downturn, economists said it is likely prices for single-family houses will continue to decline this year. Single-family sales for 2006 were 41,593, which was the lowest total … (4 comments)
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boston real estate: Single-Family Home Sale, Prices Drop in December - 01/25/07 06:24 AM
Massachusetts single-family housing sales had their worst December since 1991, and the median sale price fell 8.1 percent to $310,000 in December 2006, the lowest monthly figure since March 2004, according to a report by the Warren Group, a Boston provider of real estate data and the publisher of Banker & Tradesman.
December single family-home sales fell 8.4 percent from December 2005 to 4,037, the lowest level for the month since 1991. For all of 2006, single-family home sales dropped 14.4 percent to 54,203, the lowest since 1995, and down 20 percent from the peak in 2004. The Median sales price droped … (2 comments)
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Jay Burnham - The Coldwell Banker Guy
Beverly,
MA
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Coldwell Banker
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