Boston real estate sales top market gains list

Boston real estate sales are at the top of the market gains measured by Zillow. As housing stabilizes around the country, forty-eight of the 154 markets tracked showed gains in home values during 2009, with the Boston metropolitan statistical area (MSA) showing the largest gain of $23.3 billion. The Providence, R.I. MSA was second on the list, with a gain of $12.4 billion.

Secretary of the Treasury Tim Geithner recently spoke before the Congressional Oversight Panel, saying, "Housing markets are showing some signs of stabilizing and wealth is recovering, which should stimulate consumer spending - vital to American economic growth.” However Geithner said unemployment continues to slow full national economic recovery.

For more information on Boston real estate sales, go to Gibson Sotheby's International Realty, Boston's real estate experts.