bostonbubble.com Forum Index bostonbubble.com
Boston Bubble - Boston Real Estate Analysis
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

SPONSORED LINKS

Advertise on Boston Bubble
Buyer brokers and motivated
sellers, reach potential buyers.
www.bostonbubble.com

YOUR AD HERE

  
Go to: Boston real estate bubble fact list with references
More Boston Bubble News...
DISCLAIMER: The information provided on this website and in the associated forums comes with ABSOLUTELY NO WARRANTY, expressed or implied. You assume all risk for your own use of the information provided as the accuracy of the information is in no way guaranteed. As always, cross check information that you would deem useful against multiple, reliable, independent resources. The opinions expressed belong to the individual authors and not necessarily to other parties.

Boston high-end home sales fall by half

 
Post new topic   Reply to topic    bostonbubble.com Forum Index -> News & Reference Suggestions
View previous topic :: View next topic  
Author Message
news



Joined: 14 Jul 2007
Posts: 0
Location: Greater Boston
PostPosted: Mon May 18, 2009 1:17 pm GMT    Post subject: Boston high-end home sales fall by half Reply with quote
Use this forum thread to discuss the following link.

Description: Boston high-end home sales fall by half
URL: http://www.bostonherald.com/business/real_estate/view.bg?articleid=1172800
Info/Broken?: http://www.bostonbubble.com/link_info.php?id=2360

Subscribe to New Links: RSS Feed
Suggest a Link: Reference Suggestion Forum
Back to top
View user's profile Send private message Visit poster's website
JCK



Joined: 15 Feb 2007
Posts: 559
PostPosted: Mon May 18, 2009 2:10 pm GMT    Post subject: Reply with quote
The Warren Group has posted its April numbers to their freely available "Town stats" feature. Sales in the "immune towns" has fallen 40-50% percent (roughly reflective of these numbers).

Prices, however, have not fallen too much. But I don't see how prices can be sustained when sales are falling off a cliff. Either sales need to increase or prices need to drop, or some combination of both.
Back to top
View user's profile Send private message
john p



Joined: 10 Mar 2006
Posts: 1820
PostPosted: Mon May 18, 2009 3:36 pm GMT    Post subject: Reply with quote
Just goes to show you how much an emergency fund can buy of stubborn. The rich can afford to be stubborn.
Back to top
View user's profile Send private message
JCK



Joined: 15 Feb 2007
Posts: 559
PostPosted: Mon May 18, 2009 3:39 pm GMT    Post subject: Reply with quote
For a time. If sales continue to be this sluggish, I think prices have to follow.
Back to top
View user's profile Send private message
balor123



Joined: 08 Mar 2008
Posts: 1204
PostPosted: Mon May 18, 2009 6:54 pm GMT    Post subject: Reply with quote
Good news is that the longer they are stubborn the less rich people there are.
Back to top
View user's profile Send private message Send e-mail
Display posts from previous:   
Post new topic   Reply to topic    bostonbubble.com Forum Index -> News & Reference Suggestions All times are GMT
Page 1 of 1

 
Jump to:  
You can post new topics in this forum
You can reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Forum posts are owned by the original posters.
Forum boards are Copyright 2005 - present, bostonbubble.com.
Privacy policy in effect.
Powered by phpBB © 2001, 2005 phpBB Group