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.

Sep 06 SFH median price down 1.5% from Sep 2004

 
Post new topic   Reply to topic    bostonbubble.com Forum Index -> Greater Boston Real Estate & Beyond
View previous topic :: View next topic  
Author Message
westsidebubble
Guest





PostPosted: Mon Oct 23, 2006 3:43 pm GMT    Post subject: Sep 06 SFH median price down 1.5% from Sep 2004 Reply with quote

Sep 06 SFH median price ($341K) down 1.5% from Sep 2004 ($346K).

If you purchased a Single family house in the last two years and need to sell now, you are probably looking at losing what little equity you have. Those that purchased with no $ down, or just 5-10% down are likely looking at negative equity.

When you take inflation into consideration, a 2004 Real Estate investment is looking pretty bad.

On the bright side, the condo market seems to be holding steady. I would guess that this is because condos tend to be relatively high-end renovations these days, whereas SFH in MA are not generally new construction.
Back to top
admin
Site Admin


Joined: 14 Jul 2005
Posts: 1826
Location: Greater Boston

PostPosted: Mon Oct 23, 2006 4:28 pm GMT    Post subject: Reply with quote

Quote:
On the bright side, the condo market seems to be holding steady. I would guess that this is because condos tend to be relatively high-end renovations these days, whereas SFH in MA are not generally new construction.


Or it could be that single family homes are more expensive and consequently further out of reach as interest rates return to normal. People can still stretch to buy condos. So it may be that the decline started when people couldn't pay the prices anymore, but at some point I would expect the herd psychology to progress to where people no longer want to pay the prices regardless of whether they can or not. That would explain a lag between the single family home market and the condo market if things actually play out that way (and I don't necessarily know that they will). It would seem that at some point, prices for both markets will need to come back in line with area incomes and rents.

- admin
Back to top
View user's profile Send private message Send e-mail Visit poster's website
Display posts from previous:   
Post new topic   Reply to topic    bostonbubble.com Forum Index -> Greater Boston Real Estate & Beyond 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