Boston Real Estate News:
Boston prices rose another 1.2 percent (Seasonally adjusted, to a .6 percent gain.) Boston home prices are off just 4.9 percent from last year. More than one-fifth, or 21.4 percent, of all sales in September were foreclosure re-sales, or REO sales, compared to 14.7 percent a year ago.
Housing prices continued to climb but consumer confidence slipped, according to two reports released casting mixed signals about where the economy is headed.
The extension and expansion of the first homebuyer tax credit and the introduction of a credit for homeowners in the United States may boost housing sales by a further 10% over the next six months, helping the housing recovery to be stronger than previously expected, Paul Dales, the U.S. Economist at Capital Economics said.
The average home price in Middlesex County has increased from $470,400 in the Second Quarter compared to $500,900 in the current Third Quarter. Home sales have increased from 2,162 in Q2 to 2,784 in current Q3 with 80 days as the average home on market.
