money.cnn.com/2008/08/26/real_estate/Case_Shiller_home_price_report/index.htm?cnn=yes
I cannot understand why Boston is not getting hit - All around the country it is going on except here.
It makes no sense (it started out as one of the most expensive!
Anyone got any ideas?
Boston is different
excellent fundamentals. all the poles are gonna go there now
Ryanair are planning to fly to Boston (Rhode Island)
Prices were dropping fast in the spring. A friend bought a 2000sqf house with pool for 400k in a very decent area close to the city. This was down 20% from a year earlier. Still expensive by American standards.
Must be all the 2nd and 3rd generation Paddy’s livin der dat wont sell der house fer anythin less dan its wurth. In otherwords its as bad as here. 
Do you happen to know what area?
Pull down the Case-Schiller data from here. If you trend the Boston data in the last 3 years you’ll see it has recovered each year between March and June, but then trended down again over the autumn and winter months. The overall trend is downward though. Here’s the data:
2005-01 173.43
2005-02 174.76
2005-03 176.92
2005-04 179.04
2005-05 181.17
2005-06 181.33
2005-07 181.90
2005-08 181.67
2005-09 182.45
2005-10 182.07
2005-11 181.69
2005-12 179.44
2006-01 178.17
2006-02 176.28
2006-03 177.12
2006-04 177.62
2006-05 178.61
2006-06 177.90
2006-07 177.79
2006-08 177.28
2006-09 176.34
2006-10 175.72
2006-11 172.59
2006-12 170.31
2007-01 168.29
2007-02 168.04
2007-03 168.52
2007-04 169.61
2007-05 170.96
2007-06 171.29
2007-07 171.77
2007-08 170.84
2007-09 170.73
2007-10 169.33
2007-11 167.39
2007-12 164.58
2008-01 162.59
2008-02 160.31
2008-03 158.53
2008-04 158.69
2008-05 160.34
2008-06 162.32
Could it be possible that Boston acutally is different…?
Until quite recently there has been a chronic shortage of quality rental stock. Then factor in all the universities, medical facilities and tech enterprises… it sucks in lots of renters from all over the country. It just seems that many things contribute to a strong and resistant rental market.
No…???
Hasn’t boston been through a boom and bust on it’s own before?
Do you happen to know what area?
Natick. Don’t know the area but its on the commuter rail and not that far out.
Do you happen to know what area?
Natick. Don’t know the area but its on the commuter rail and not that far out.
Thanks - that is a nice area.