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Joined: 14 Jul 2007 Posts: 0 Location: Greater Boston
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JCK
Joined: 15 Feb 2007 Posts: 559
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Posted: Wed Oct 17, 2007 12:07 pm GMT Post subject: |
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I can't say I'm surprised that Worcester County is being hit harder than Middlesex or Suffolk.
john p likes to talk about "relative" demand for a given town/area; I wonder what percentage of home buyers in Worcester County over the last five years (a) work inside or around Rte 128, and (b) chose Worcester County over areas closer to Boston based primarily on price/affordability.
If the percentage is high, I would guess even a small drop in Boston area home prices could cause a rapid decline in demand in such "secondary" areas. |
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