Is the Market Bottoming Out?
I don't think the Greater Boston market has bottomed out but I think we are getting closer. If for no other reason than there are three articles in the Real Estate section of Boston.com that are not doom and gloom articles on real estate. They gave reasons why this might be a good time to buy and that if buyers wait too long they might miss the chance to buy now when seller's are giving concessions, there is less competition from other buyers, and when inventory is up with lots of good homes to choose from. I linked the articles below for your own reading.
http://www.boston.com/realestate/news/articles/2007/11/05/is_buying_home_today_a_good_investment/
http://www.boston.com/realestate/news/articles/2007/11/09/even_in_a_buyers_market_house_hunters_need_a_plan_to_avoid_mistakes/
http://www.bankrate.com/bosre/news/real-estate/20071108_real_estate_revival_a1.asp
If you look at buying real estate as a long term proposition and you are buying because you want to improve your current living situation. I think it's a good time to buy.
http://www.boston.com/realestate/news/articles/2007/11/05/is_buying_home_today_a_good_investment/
http://www.boston.com/realestate/news/articles/2007/11/09/even_in_a_buyers_market_house_hunters_need_a_plan_to_avoid_mistakes/
http://www.bankrate.com/bosre/news/real-estate/20071108_real_estate_revival_a1.asp
If you look at buying real estate as a long term proposition and you are buying because you want to improve your current living situation. I think it's a good time to buy.
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