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Thanks for visiting. My goal here is to shed some light on the real estate market for Greater Boston home buyers and sellers. When possible, I use charts to illustrate trends. But this is not a technical blog; it is written for everyone, simply and clearly. I've also posted a few of my photos for visitors to enjoy. - Ron Cohen
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Tag Archives: Home Buyer Tax Credit
As they have for several months, home prices continued to gain in July, but at a slowing rate, according to the closely watched S&P/Case-Shiller Home Price Index in its latest, September report(see chart, which is seasonally unadjusted). On a seasonally adjusted basis, the composite index of … Continue reading
July’s abrupt drop in existing-home sales produced a wave of concern in the media and in Washington. Talk was rife of a double-dip, housing recession. In truth, the news was neither bad nor unexpected. Hopes had simply been unrealistic. Proponents … Continue reading
For July, existing-home sales in the Boston area plunged 39.2% from the previous month, far exceeding the record 27.2% drop reported nationally by the National Association of Realtors. The cause of the disparity was not immediately apparent. For the year, July sales were down 29.0% in the Boston area, but that was consistent with the Northeast region as a whole. Continue reading
The tax credit certainly worked as intended to bolster home sales. Existing and new home sales, inventories and housing starts all showed big improvements in March and April — all the categories, that is, except home prices, which continued their month-to-month decline in most of the country. Continue reading