The BBJ has a good story (sub. req.) about how the sales of homes in the state are improving, prompting a lot of usually pretty reliable experts to say they see recovery on the way.
But there’s an interesting twist: The sale of multi-family buildings, for two or three families, isn’t recovering much, puzzling experts, who say it’s usually the first area of the housing market to attract investors and rebound.
Some amateur guesses why: 1.) There aren’t that many triple-deckers left in general, after so many of them were purchased and split up into condos years ago. 2.) people can’t afford larger homes in this economy (and banks are also requiring bigger down payments). 3.) There are better deals, at least these days, in the single-family market.
Anyway, the overall housing picture seems to be slowly improving.