Boston Real Estate Sales Coming Back – Are Yours?
One of the things that makes it tough for real estate agents is that the statistics are always trailing. So when the bubble burst, it took a few months for it to show in the numbers. People were still buying into the downward trend.
Well, the reverse may be happening in Boston. The media is talking things down and the trailing statistics are looking ugly, but the word on the street is that things are picking up. Once those numbers start rolling in and the media starts reporting it, consumer confidence in housing should also pick back up.
That is why numbers like these from the National Association of Realtors are great to hear:
The trade group’s index of pending sales is up by 3.2 percent over February. More significantly, it is also up 1.6 percent over a year ago as well.
These are sales being inked now, not closed after having been agreed to back in January or February.
That doesn’t mean there will be an imminent rebound in prices. To the contrary, prices may keep on falling for some months. And they still likely have a way to go, especially here in the pricey Boston area. Boston.com.
My mom told me to put the statue in the ground, just seems wrong to me but I did it. ...
What about RE/MAX Commercial? Where this classification came from?
I am pretty sure RE/MAX Commercial in volume sales must be above ...
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
Comment by Portland Real Estate on 8 May 2009:
Has Boston been hit harder than other parts of the country? From what I was reading the Las Vegas area has it the worst. Over a third of all homes are in foreclosure trouble and you can pick up really nice houses there for very cheap if you have the investment capability.
Comment by Dominican Republic Resort on 9 May 2009:
There is a clear need in the real estate investment marketplace for private lending (non-bank lending). There should some well qualified borrowers and lenders together in an environment where private loans can be handled in a safe and efficient manner.
Pingback by Real Estate Roundup - Week 19 on 9 May 2009:
[...] Boston Real Estate Sales Coming Back – Are Yours? by Tom Royce at The Real Estate Bloggers [...]
Comment by Vikas on 13 May 2009:
The bubble in real estate is revealed and now prices are coming back to original state.still real estate has potential so it will take some time but soon real estate market will be recovered.
Comment by the real buyers agent on 13 May 2009:
Hi,
As you said – People were still buying into the downward trend. I personally believe that downward trend is the best time for investment in real estate.