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Study: Many in Hub still can't afford to buy homes

 
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PostPosted: Mon Oct 04, 2010 1:04 pm GMT    Post subject: Study: Many in Hub still can't afford to buy homes Reply with quote

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Description: Study: Many in Hub still can't afford to buy homes
URL: http://bostonherald.com/business/real_estate/view.bg?articleid=1285873
Info/Broken?: http://www.bostonbubble.com/link_info.php?id=3199

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PostPosted: Tue Oct 05, 2010 2:07 am GMT    Post subject: Reply with quote

Median price for single-family homes is only $332k in Boston metro area? Doesn't sound right to me. You probably can only buy an ok condo with that little money in Boston......

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Within the Boston metro area, the median price for single-family homes fell to $332,600 last year from $395,600 in 2007, the report said. But despite the 16 percent decline, homes remained out of reach for the majority of workforce households.......
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PostPosted: Tue Oct 05, 2010 1:17 pm GMT    Post subject: Reply with quote

CC wrote:
Median price for single-family homes is only $332k in Boston metro area? Doesn't sound right to me. You probably can only buy an ok condo with that little money in Boston......


They are probably using a larger physical area than what you are envisioning. Check out the Wikipedia page on "Greater Boston" for a good explanation of some of the various and differing uses of the term.

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