Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

More Crash News From The U S - Massachusetts

Recommended Posts

http://www.builderonline.com/industry-news...rticleID=265398

Source: Boston Herald

Publication date: 2006-03-01

Massachusetts
house sales plummeted 21 percent last month
, stoking fears that the housing bubble may have burst and could send shock waves across the economy.
It was the biggest year-over-year sales drop in almost 11 years
- as Realtors recorded the slowest January since 1996.
What's more, one of the worst fears of homeowners appears to be coming true:
House values have dropped nearly 8 percent since August.
The screeching slowdown "has ramifications far beyond the real estate market," said John Bitner, chief economist at Boston-based Eastern Bank.

Just goes to show, "Bubble Markets" are not followed by soft landings but dramatic drops. And it is only just beginning.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.