Extra, Extra! Read all about it!
Hot off the press.. and just in time for summer ‘08!Spotlight Realty, in conjunction with the Property Monger real estate blog is pleased to announce the launch of the much anticipated, and aptly named Boston Real Estate Forum (BREF). Where you take part in discussions, and take advantage of the many opportunities that the Boston area real estate market presents. The Property Monger believes that forums just may be the biggest thing to hit the internet since the blog. In fact, we appreciate the forum concept so much, we are jumping in with both feet and want you to come with us.
Staying true to the needs of it’s consumers, the Boston Real Estate Forum promises to be a fully interactive, user-friendly community benefiting all who use it. So, just who will benefit from the Boston Real Estate Forum, you ask? Everyone. Buyers, sellers, landlords, tenants, builders, individuals in the mortgage and finance industry, carpenters and craftsman, the service industry, you name it.
If you are a real estate professional, then the Boston Real Estate Forum is for you. Whether you are a local realtor looking for an edge, or an out of state agent looking for a referral, you find it all in the Boston Real Estate Forum.
Own your own business? Looking for work? Visit our classified section and get your name out there. Boston Real Estate Forum encourages everyone to stop in for a visit. Register, introduce yourself, and get networking!
~BREF Staff
Dear god, don’t actually watch the video…
It’s really nothing more than a little extra visual stimulation to brighten up the post. The video is just Barbara Corcoran answering homeowners questions about if they should buy, sell, or hold. While I didn’t find anything revolutionary about her suggestions to the questions (nor did I disagree with anything she said). She did have a little throw away line that Chicago and Boston real estate markets have bottomed out….
Well that’s the million dollar question now, isn’t it? That’s what potential homebuyers are waiting for right now…. right?
So my curiosity, when coupled with my secret passion for pretty graphs, led me to start pulling up some historical data for all residential housing in Boston since the beginning of 2001 up until 3/12/08
So right off the bat, we can see that since the beginning of 2006, Average prices in Boston have definitely gotten more volatile, but strangely enough we have an increasing average price, and a decreasing median price. What the graph says to me is that here in Boston, the higher priced homes are not only retaining their value, but increasing in price. While the sales of more reasonably priced homes are increasing in volume and decreasing in price.
So as far as the market bottoming out…. click here for the answer…
But I can tell you one thing, here in Boston, it will definitely be an interesting spring….
