Comments on: Foreclosures in Boston rise in 2007; far below 1992 levels http://www.bostonreb.com/2008/01/foreclosures-in-boston-rise-in-2007-far-below-1992-levels/ Boston real estate, Boston condos, Boston luxury condos, Boston luxury real estate, Back Bay condos, Back Bay real estate, Back Bay luxury condos, Boston Back Bay condos Mon, 06 Feb 2012 05:38:19 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Gus http://www.bostonreb.com/2008/01/foreclosures-in-boston-rise-in-2007-far-below-1992-levels/comment-page-1/#comment-3848 Gus Thu, 24 Jan 2008 03:31:45 +0000 http://bostonreb.com/2008/01/23/foreclosures-in-boston-rise-in-2007-far-below-1992-levels/#comment-3848 The list of number of foreclose deeds by year is fascinating, in the way it shows what a trailing indicator foreclosures really are. I didn't realize that. The real hard spike upward occurs in 1991, which starts 2.4 years into the downturn which started in August of 1988. Then it moves upward significantly from that in 1992, even though prices had already started to rise in March of that year. Even in 1994, which I would describe as a year with a market evenly balanced between buyers and sellers, the number was very large. It doesn't really quiet down until 2000, which I rate as being about three years into the last boom. Do the current low numbers mean that we are in a a down cycle that is not that bad, or one that hasn't really gotten started yet? The list of number of foreclose deeds by year is fascinating, in the way it shows what a trailing indicator foreclosures really are. I didn’t realize that.

The real hard spike upward occurs in 1991, which starts 2.4 years into the downturn which started in August of 1988. Then it moves upward significantly from that in 1992, even though prices had already started to rise in March of that year. Even in 1994, which I would describe as a year with a market evenly balanced between buyers and sellers, the number was very large.

It doesn’t really quiet down until 2000, which I rate as being about three years into the last boom.

Do the current low numbers mean that we are in a a down cycle that is not that bad, or one that hasn’t really gotten started yet?

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