The Boston Real Estate Blog by way of The Boston Globe:
And now to Boston, where a chill wind blows. Sales of Beantown condos fell 12.3% during the first nine months of 2005, compared with last year’s record-breaking figures. Boston brokers say the whole market’s shivering.
”We’re seeing a slowdown across all price ranges — I don’t care whether it’s a $300,000 unit or a $3 million unit,” Chris Tuite, a North End real estate agent told The Boston Globe. ”I attribute it to too many natural disasters, a quiet stock market, and people are scared about rising interest rates, even though they’re still at historic lows.”
I disagree. C’mon people. I know we’re all guessing here at what’s going on, but be serious. As a close, personal friend said to me, “People are saying no one’s buying, because the Red Sox were in the playoffs.” (?!)
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