Maybe. But if you read the article closely, the third “dip” may be the last gasp of the housing crisis — which would be good news.
Basically, the argument says a bunch of pent-up foreclosures are on the way. It’s the long-feared “shadow inventory” that built up while the banks cleaned up their foreclosure-processing act. We [...]

The chart above shows average and median Back Bay condo prices. The green line indicates average and blue indicates median.
As the chart shows average Back Bay condo sales prices were flat and median increased from 3r quarter fo 2010 to 2011.

Click on Back Bay condo chart to enlarge.
Back Bay condo sales are up in the 3rd Q of 2011 compared to 3rd Q of 2010.
File: This one is for you Bradley.

The condo chart below shows a 5 year appreciation for Boston Bay condos. Warning: Back Bay condo owners may be upset after viewing this chart.

Click on Back Bay condo chart to enhance.
File Under: What goes up must come down

Up to a foot of snow in parts of Massachusetts? Two to six inches near the coast?
OK, now we have a sure-fire bogus excuse for any drop in home sales this month. Mother Nature clearly doesn’t want to see a housing recovery!
File under: The Great Pumpkin Frosty the Snowman

Here’s some good news: The Massachusetts economy grew by 3.9 percent last quarter, despite summer stock-market volatility that left many people thinking a double-dip recession was all but inevitable.
Granted, the job outlook is still gloomy. The economy is barely producing new jobs. Still, we’re in much better shape than expected, considering everything’s that’s happened recently. [...]

The Standard & Poors / Case-Shiller real estate index shows that Boston condo prices have increased 62.5% since 2000. But we didn’t take top honors. The city with the largest increase went to LA, which had a 72% increase since January 2010 alone.
File Under: This is not a trick for Boston condo sellers but a [...]

Yes, snow.
Well, at least we now have a convenient excuse for a late-season housing market sales slump. Imagine the lead on a story: “An early snow storm disrupted weekend home sales in late October, knocking the potential juggernaut housing-market recovery off its tracks before it could get going.”
Hmmm. Not bad for a bogus weather-related excuse.
File [...]

The top three most expensive Boston Back Bay luxury condo sales in 2011:
45-47 Commonwealth Avenue #1 sold for $6,200,000 or $1,183.00 per square foot.
The Mandarin W12-B sold for $12,200,000 or $2,479.00 per square foot. The seller purchased this Back Bay condo on 10/8/2008 for $8,700,000. On the market for 608 days.
The [...]