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 Posted: Sun Nov 04, 2018 4:40 am GMT Post subject: |
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| Anonymous wrote: | | Its best to look at Malden as a leading indicator for slow down. Towns like these drop first and fast (and hard) when weakness sets in. |
The next drop-off is won't start until 2022 at the earliest. It's very likely that we will continue to see 3% appreciation until then. Home prices will drop back to 2019 prices between 2026-2029. You are going to get -20% in the less desire-able areas like Malden, Everettt and Revere. |
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Guest
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| Posted: Mon Nov 05, 2018 4:18 am GMT Post subject: |
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| Anonymous wrote: | | Anonymous wrote: | | Its best to look at Malden as a leading indicator for slow down. Towns like these drop first and fast (and hard) when weakness sets in. |
The next drop-off is won't start until 2022 at the earliest. It's very likely that we will continue to see 3% appreciation until then. Home prices will drop back to 2019 prices between 2026-2029. You are going to get -20% in the less desire-able areas like Malden, Everettt and Revere. |
That's playing it safe. Making a prediction 8 to 11 years into the future. |
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Guest
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Guest
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| Posted: Tue Nov 06, 2018 7:19 pm GMT Post subject: |
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Why isn't Boston on the list? |
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Guest
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| Posted: Tue Nov 06, 2018 9:23 pm GMT Post subject: |
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| Quote: | | Why isn't Boston on the list? |
Because Boston will lag in the correction because foreigners are infesting and our economy is strong and diversified. Don't worry, it is slowly significantly. Prices declines are growing. It won't be long |
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Guest
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| Posted: Wed Nov 07, 2018 3:27 pm GMT Post subject: |
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These aren't big price drops. Even the biggest ones are only a few percent.
to me plummeting means 15% to 20% at least. |
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Guest
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| Posted: Fri Nov 09, 2018 12:29 am GMT Post subject: |
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| I think that's where the high end is headed. Under a million not so much, 10%. Then sideways |
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Guest
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| Posted: Fri Nov 09, 2018 3:15 am GMT Post subject: |
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| Anonymous wrote: | | I think that's where the high end is headed. Under a million not so much, 10%. Then sideways |
In percentage terms, the high end always drops the least and the low end drops the most. That's because the rich rarely get laid off and they have deep pockets to weather most recessions. The bottom 50% get crushed during recessions and end up in foreclosure. You will see really good house deals in Everett, Malden and Revere during the next downturn. No so much in Cambridge or Somerville. |
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bsg61
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| Posted: Mon May 20, 2019 7:06 pm GMT Post subject: |
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Shocking news.
The listing of 111 Glen Rock Ave, Malden was removed on 3/19/19. It appears no one wanted to pay 1.2 million for it, unless I missed something.
And in other news, just a few months ago Malden was considered "Hot" on Zillow's market temperature but has been downgraded to "Warm".
Hmmm..... |
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Guest
Guest
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| Posted: Fri Aug 09, 2019 2:37 am GMT Post subject: |
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| That is hardly a shocking news. Everyone knows that the demand has dried up in greater Boston area. Foreign (particularly Chinese) buyers leaving the market is the biggest contributing factor. This is a common theme at this time among the most sellers. They have missed the peak selling time frame and many are left hanging having unrealistic expectations when they list, but nobody buys their properties. |
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