Housing Market on the Rebound?
New numbers show the region’s housing market may have brushed bottom, and begun a modest rebound. But even still, many homeowers are struggling with threatened foreclosure. We’re asking this week, what the housing numbers may tell us about the state of New England’s economy. Comment here, and join us this Friday at 1.
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We bought our first home this summer for a number of intersecting reasons. We’ve lived in Jamaica Plain for more than ten years, and the housing prices there remain very high. But dropping prices and interest rates–combined with the lousy Boston public school system–made moving to a suburb a very smart decision (we hope–time will tell). We’re lucky we could do it though–we had a nest egg and decent income.
What about rentals. If you cannot buy,you still have to have a roof somewhere.
Perhaps rentals are peanuts for this Great US Economy.
But it would be interesting to look at the humane side of the situation.
Cheers.
Stef
i AM ONE OF THOSE WHO PURCHASED IN 2004. My wife and i purchased in Weymouth and are by Zillow estimates are under water by about 50k. Any sign of a stop? Any suggestions for riding this out?