Lowell Deeds

Lately, it seems all news dealing with the real estate market has the same theme…”Things are bad and getting worse”. An article in this morning’s Boston Globe business section confirms this. According to the article the national decline in home price is not slowing down. The articles cites a study that indicates single family home prices rose slower in November than in the past ten years. Prices grew at the rate of only 1.7%…experts believe this shows that the weakness in the real estate market is continuing to spread. The nation’s housing martket appears to be following the same track as the Massachusetts market. The statistics used in the study came from a “20 city composite index”. All cities in the survey except for Charlotte, North Carolina showed a decline in prices when compared to the prior month.