A recent article on BostonHerald.com shows the Boston real estate market outperforming much of the rest of the country in the Case-Shiller list – Boston’s prices fell by a mild 6%, compared to the other large metropolitan markets that experienced an average decline of 18%.
Why is Boston maintaining better than other areas? Well, one reason is that Boston didn’t experience a construction boom like other areas of the country. Their influx of inventory prior to the subprime mortgage scandal and the subsequent market dip set off a landslide for prices in areas like Miami and Las Vegas.
View the complete article on BostonHerald.com.
For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.
Friday, January 2, 2009
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