Looks like the only bubble popped in Boston may be on the local newspapers face.
Our pals over at Otis & Ahearn, Inc here in Boston supplied us with the YE data for 2006 (properly organized & broken down). This report is not only going to EMBARRASS THE PRESS (as it should), but it will show you the reality of the 2006 Boston Real Estate market … no bubble here. One personal comment I have to add is that there needs to be a better way to get this information to the public. For an entire year, we listened to reporters & writers from local and national news publications bash the real estate industry (which in some cases they have the right too), but to point fingers at individual markets like Boston and be COMPLETELY wrong is a problem. Its bad news, its bad advice and most of the American public still relies on what the press say. Maybe its time for the Blog-o-sphere to take over and let niche experts tell the stories!
Download the Boston Condo Report Here
(PDF Download) (Source: O&A by way of LINK & MLSPIN)
…and by the way, these things are so hard to come by. If any of you out there have a YE report (a good one!) and you want to post it…send it over and we will keep it on file for the public so everyone can read that our urban markets ARE NOT following general real estate “bubble noise” and that urban demographics for the most part are headed in the opposite direction … UP UP AND UP.
source: Condo Blog
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