Real Estate Properties:Boston Real Estate - “destickification”
Article Summary:
A blog about the Real Estate Market, Real Estate Trivia, Market Advice, Investment Properties and Advice.James Hagerty at the WSJ writes about existing home inventory: Housing Momentum Builds but Perils Persist
Inventories of homes listed for sale are down sharply across the U.S. and have reached very low levels in some areas … The decrease in supplies has sparked a return of
Inventories of homes listed for sale are down sharply across the U.S. and have reached very low levels in some areas … The decrease in supplies has sparked a return of
Article Content:
James Hagerty at the WSJ writes about existing home inventory: Housing Momentum Builds but Perils Persist
Inventories of homes listed for sale are down sharply across the U.S. and have reached very low levels in some areas … The decrease in supplies has sparked a return of bidding wars on lower-end properties in some neighborhoods, but the national picture is mixed.
Here in Boston, we’ve been seeing bidding wars on low end properties since last spring - and that frenzy is driven by a combination of a high number of foreclosures at the low end pushing down prices (what housing economist Tom Lawler called “destickification”), and the first time home buyer tax credit.
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