Bubble Hour: Lowest sales in 22 years drive home prices down 20% across MA

Home sales across Massachusetts have dropped to their lowest level in 22 years, sending median prices down 18-20% since January 2008. The Boston Globe and Boston Herald have already posted news stories, and blog posts (and reader comments) are being to unfold including this “must read” by a brilliant local bubble blogger. The Real Estate Cafe is deconstructing MLS data and invites readers to submit questions and data requests before our next Bubble Hour. We hosted our first “Bubble Hour” three years ago — a chat online which generated 36 pages of comments including 15 graphs and tables (follow Twitter.com/RealEstateCafe for excerpts comparing 2006 and 2009).

As in the past, we’re planning one or more Bubble Hour chats online, but are particularly eager to host a Bubble Hour OFFLINE so homebuyers and bubble bloggers can mingle informally and exchange perspectives, “MeetUp” / “TweetUp”-style. In the meantime, please post your questions below, send , or call us at 617-661-4046.

CHAT ONLINE

Follow Twitter.com/RealEstateCafe for scheduling options

MEET OFFLINE

Would Thurday, 2/26/09 or Friday, 2/27/09 work for Bubble Hour OFFLINE? In the past, we’ve experimented with Bubble Hours at Starbucks near Harvard Law School, MIT’s Muddy Charles Pub overlooking the Charles River, and last week actually did an experimental LIVE broadcast from a Friday Beer Tasting at Menotomy Beer & Wine in Arlington! We’re also eager to host a family-friendly Bubble Hour at TogetherInMotion in Arlington on Friday during open play time (3:00-5:00pm).  As shown below, We’ve already begun seeding the Bubble Hour on Twitter and FriendFeed:

TWITTER

BUBBLE HOUR: MA housing market lowest sales volume in 22 years. Prices down 18-20% from 01/8 to 02/09 http://tinyurl.com/0109Down20 TweetUp?

http://twitter.com/RealEstateCafe/status/1245226478

FRIENDFEED:

Discussion room includes photo, threaded comments, and previous posts:
http://tinyurl.com/BubbleFriends

Posted in Bubble Hour, Price trends, Real Estate Bubble, Savings & Rebates, Timing the market

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