Lowell Deeds

The latest on real estate recordings and new technology from the Middlesex North Registry of Deeds in Lowell

June 27, 2007

More Bad News

by @ 10:33 am. Filed under Statistics, Real Estate

If you read the Boston Globe this morning you know there is more bad news on the real estate front. The article’s headline says it all… “Hopes for Real Estate Revival Wilt”. The article in the business section of the newspaper explains that the sale of single-family homes in Massachusetts fell 9% in May. This decrease is a steeper decline than the one seen in April. Strange enough areas closer to Boston are doing better as are condominium sales. In fact the Realtor’s association figures show the medium price of a condo rose 1.4 percent in May to $290,000. The spring market has not lived up to optimistic expectations even though inventory is down. Normally, shrinking supplies means increased prices, but in this case higher interest rates are beginning have a negative affect the market. Boston Globe reporter Rob Gavin did a nice job on this article. I suggest you check it.

Leave a Reply

[powered by WordPress.]

Pages:

Recent Posts:

categories:

search blog:

archives:

June 2007
M T W T F S S
« May   Jul »
 123
45678910
11121314151617
18192021222324
252627282930  

Metatasks:

25 queries. 0.390 seconds