Bubble Map comments reveal surprising price corrections

Westsidebubblemap1_1
It hasn’t taken long for the Real Estate Bubble Map’s first user to go from their first post to their first dozen as shown on the image above and their interactive "places" map.

If you visit their map and view the properties, you’ll read some interesting comments including two favorites: (1) A stunning $530,000 gap between a 2005 assessment and 2006 sales price; and (2) a long post comparing the present market to pre-9/11 slump).  After logging-in, you can write your own comments, add your own properties, or create your own map. 

Thanks to WestSideBubble and another new user, SoldAtThePeak for their thoughtful contributions.  We’re open to your ideas about how to use this experimental map and wiki to protect homebuyers in overheated housing markets, in Boston and across the US.  Over the next ten days, we’ll add another 119 properties to the Boston bubble map showing locations of homes sold below their assessed value in Greater Boston during June 2006.  Your contributions are welcome, too.) 

Posted in Bubble map, Mapping, Market trends, Price trends, Real Estate Bubble

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