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.
Although I agree on most points, I would like to point out that most of the banks that are being ...
The question is when are they going to release them on the market. Las Vegas leads the nation in ...
I keep seeing mentions of Florida's market getting better in multiple blogs. I'm increasingly under the assumption that at least ...
I would like to know more about it. I need to know how you file for it. Please let me ...
Great blog, keep the great content coming! 
If you want to succeed, do not say "we can prevent this in the future." Live in reality. ...
The price of the property depends on its quality and the deal between the management. Good and wise choices are ...
I don't have experience at actualy working in tha automotive bussinnes, but have experience working in a warehouse invironment. ...
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.