Boston Real Estate
A new study on Boston real estate prices was conducted by MIT and CBRE Econometric Advisors. It addresses the question of whether or not the current market is actually a “buy” market. A big “boohoo” because Boston is missing from the detailed data! In any event, the answer is basically if you take the post-2002 bubble years out of the equation, much of the housing market is still overpriced. If you factor those years in … it’s not so bad. The report is short, if you want to look at yourself, here it is.