According to Bankers & Tradesman the Boston real estate market has finally hit bottom.
…Sure, condo prices and sales finally slowed in downtown Boston, but Dorchester, Roxbury, East Boston, Mattapan and Hyde Park saw thousands of homeowners fall behind on their mortgages over the past few years, many losing it all.
But here’s one key sign: The number of foreclosed homes sitting empty and inviting trouble in these neighborhoods has fallen dramatically, reports Evelyn Friedman, head of the Department of Neighborhood Development.
So, what does this mean for you? Well simply put the time to buy is right now. If you have been waiting for the “bottom” this is it and slowly pricing will begin to increase. If you are in the market for a new home please contact a Warren agent, we look forward to helping you.
Good post, but only time will tell if it truly is the bottom.