Bubble Hour topic: Money magazine forecast 10.5% decline, SF home prices in Boston by May 2009

Glad to see the pundits agree with the people, again. Boston buyers – interested in a Bubble Hour to discuss this forecast in Money magazine’s Real Estate Survival Guide, summarized today on Boston.com’s real estate blog:

Boston is forecast to see a 10.5 percent decline in single-family home prices by May 2009. While that’s slightly higher than the projected 9.7 percent decline for the nation overall, there are 35 metropolitan areas expected to see bigger declines. In the past five years, prices had increased slightly more than 13 percent in the Boston area, according to Money’s calculations.

The other four areas included in the list are also expected to see price declines: Cambridge (8.5 percent); Peabody (8.8 percent); Springfield (9.5 percent); and Worcester (9.2).

Would One Broadway in Arlington — near the Cambridge, Somerville, Arlington, and Medford lines — be convenient for people, particularly parents who can bring the kids to play while adults talk?

Open to suggests on when and where to host this Bubble Hour, as well as future gatherings and topics.  Follow http://twitter.com/RealEstateCafe for updates on time and place, as well as other BUBBLE BITES.  Watch for link to upcoming story on slowdown in Cambridge housing market, too. Preview of market stats and custom research available "a la carte."  Call The Real Estate Cafe at 617-661-4046 or email for details.

Posted in Bubble Hour, Defensive Homebuying, Housing forecasts, Real Estate Bubble, Timing the market

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