| Search by tag or site | Login to my blog ▪ Start my own blog |
![]() |
The Boston Real Estate BlogI am an independent real estate broker, focused on the residential real estate market in downtown Boston. |
Wait, can we get back to that thing about falling sales prices and increases in inventory?
Did you get the feeling this week that maybe the press had changed the story from "housing market in free-fall" to "housing market stabilizes, good times on tap!"?
I did.
Neither is accurate, in my opinion.
I feel as though prices in Boston may have bottomed out, and that sales volume will remain at its current pace, for the next several years. Same is true for most of Massachusetts (go, Hadley!).
Other parts of the nation, such as Phoenix and parts of Florida, are still going to have a hard time, over the coming 18 months, right?
(What will happen, however, if new construction prices come down much quicker than anyone expected - will investors (not speculators) buy condos, to rent out, instead?)
Having said that, here's an interesting question, posed by Peter Coy, over at Business Week:
I wrote an article for the current issue of BusinessWeek called Boom! Bust! Boom?
My main finding is that around 40% of the major markets where there were housing busts eventually came back stronger than ever in terms of inflation-adjusted house prices.
Which will come back faster, markets like Phoenix and Las Vegas that are still relatively cheap, or markets like San Francisco and Boston that have always been expensive?
Yet another way you could ask the question: Which will come back faster, a city like Phoenix where there's still lots of open land in the metro area, keeping a lid on land costs? Or one like San Francisco, which sits on a peninsula with very little open land and has strict zoning?
Your thoughts welcomed ....
Go to the Business Week story and leave your comments.
More posts about: the housing bubblethe housing bubble
- Where Small People Fear To Tread …
- Looking For Real Estate Agents / Bloggers
- Boston Residential Real Estate Condo Sales, October 6, 2007
- Us Gained Jobs In August & September … Did You Expect Otherwise?
- Mousy, Mousy, Mousy: City Of Boston Most At Risk For Rodent Infestation
- Oct 2007
- Sep 2007
- Aug 2007
- Jul 2007
- Jun 2007
- May 2007
- Apr 2007
- Mar 2007
- Feb 2007
- Jan 2007
- Dec 2006
- Nov 2006
- Oct 2006
- Sep 2006
![]()
- The Boston Condo Blog
- The Peridot Capitalist
- The Boston Real Estate Blog
- Biiwii.com Notes
- Dah Hui Lau (David)
- Millionaire Now! by Larry Nusbaum
- Don't Be Worried About Losing Trades!
- Housing Bill -- And New Homeowner Tax Breaks -- Back On Track
- Intel Seeks To Move Pc Architecture Into Billions Of Connected Gizmos
- Stock Market Video Trend Analysis 7/23/08
- Canslim.net Morning Comment And Links (for Traders)
- Are The Financials Suddenly Cheap? Part III
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
U.S. stock futures rebound on Citigroup results"S&a [read more]













<< My Home | TheMoneyBlogs Home