Friday, October 07, 2005

Boston Real Estate Holloween-Trick? or Bad Treat?

THIS COULD BE A SCARY HOLLOWEEN FOR BOSTON REAL ESTATE!


Check this out:

1. Mortgage interest rates are at a 6 year high.
2. Consumer confidence is at a 12 year low.
3. Home Buying Consumer Confidence is at a 10 year low.
4. MLS has more listings now then ever before.
5. Sub-prime loans are at record levels.
6. Foreclosures are on the rise.
7. Home buying plans are at a 12 year low according to Michigan Univer study.
8. Boston LINK (Multi-listing service) is at a record high inventory.
9 Days on the Market for listed properties is on the rise in Massachusetts.
10. Mortgage default payments are on the rise.

Lastly, Boston's growth rate is anemic. New England lost 20%, twice the U.S. average, of it's 20 to 34 year olds , according to the most recent survey.

ARE YOU FRIGHTENED YET?

I think the market is...........slowing.........dooooown.

more info on the Boston and Brookline real estate market visit our web site at www.fordrealty.net






1 Comments:

Blogger aajkal15 said...

Homes For Sale By Owner are becoming a wave of the future to save on real estate fees and commissions normally paid to a Realtor. For Sale By Owner on the website must be presented by the owner(s) themselves and not through a Realtor

7:49 AM  

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