Lowell Deeds

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

November 14, 2007

More Bad News

by @ 9:45 am. Filed under Real Estate

The predictions are in… and as you might have expected they are not good. So prepare yourself?…New England economists believe real estate prices in Massachusetts will drop another 5% next year…this drop is on top of the 15% seen since 2005. Wow!! In 2005 the median price for a Massachusetts home was $345,000. Analyst at the Warren Group in Boston say this figure will pummet to $304,00 by the end of 2008. For whatever consolation it is there is some good news. As bad as the market is here, it is even worse in some other parts of the country. Chief economist for Moody’s Economy.com, Mark Zandi cited California and Florida as two states experiencing a real estate down turn worse than Massachusetts. And of course, all this means more foreclosures are coming in the future…Hey, cheer up… the Red Sox won the World Series.

[powered by WordPress.]

Pages:

Recent Posts:

categories:

search blog:

archives:

November 2007
M T W T F S S
« Oct   Dec »
 1234
567891011
12131415161718
19202122232425
2627282930  

Metatasks:

21 queries. 0.398 seconds