bostonbubble.com

RealEstateCafe · Joined: 11 Dec 2007 Posts: 235 Location: Cambridge, MA

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Guest · Posted: Thu Aug 21, 2014 11:20 pm GMT Post subject:

RealEstateCafe comment on Boston.com's blog post:

Point of reference: Is there a reason that the chart shows a line in 2008, as if that was the tipping point in the housing market, when one might argue the comparison to 2005 might be more interesting? For those who do not remember or weren't around, the Boston Herald called the real estate bubble their top news story of 2005, see excerpt:

"1. Pop goes the bubble — The state’s housing bubble finally sprang a leak this year, with a noticeable slowdown in sales, a falling off in prices and long waits to sell homes. Partly brought about by rising interest rates, the slowdown was evident by May, when housing sales fell by 11 percent over the prior year. The market hasn’t shown much improvement since."

http://bit.ly/REBubble2005

After reading that Bloomberg / Zillow are calling Boston the 4th riskiest housing market in the US, the big question for me is where will the local real estate market be in 2020? Why? Because that risk calculation was based on this question: "Assuming buyers held on to their homes for five years before selling, what was their chance of suffering a loss?" For answer, see:

http://bit.ly/RERisk3Q2014

Anyone else have memories of similar articles in 2004 to 2005 when many inside and outside the industry denied that the housing market was over-inflated?