boston-condo-suprise

Prices for the most expensive U.S. homes rose in 12 of 17 cities tracked by S&P/Case-Shiller indexes, which also included Boston.

The following is an excerpt from Business Week:

“It does indicate that this is real demand and not just a statistical aberration,” said Karl Case, a co-creator of the indexes. “The ones coming in and buying are very optimistic about this being a good time to buy.”

File Under: More good news for the Boston housing market.