Crowdsourcing insights into a slumping housing market in Boston

bostonbubble_links_2005-112316

December 11 will mark the 9th anniversary of joining http://BostonBubble.com, a forum for homebuyers to crowdsource insights during the real estate recession.  Over that period, Real Estate Cafe contributed over 100 posts, and two offer context for the current housing market.  Obviously, they were written pre-Trump, and one cannot underestimate the potential impact his presidency (if it is not overturned by the Electoral College) will have on the housing market.  Despite his celebrity status as a “real estate mogul,” he has NEVER developed a housing policy and his choice lead HUD, Dr. Ben Carson, has no housing experience.

Six months after warning homebuyers on BostonBubble of a changing housing market, October stats and recent headlines reveal that real estate sales and prices are falling in Massachusetts

http://bit.ly/MassREDipOct2016

http://bit.ly/RESlumpLinks

As interest rates rise, will 1Q2017 see a repeat of 1Q2016?   Time to exercise “Defensive Homebuying” strategies so you can save money, be proactive or simply sit out because there is too much uncertainty?  If you’re inclined to buy, here’s the case for bargain hunting this time of year:

http://bit.ly/WinterREBargains

FLASHBACKS: 

Posted: Thu Apr 07, 2016    Post subject: Prices down in 51 towns & suburbs in Metro Boston

Yesterday, Boston Globe ran a story on Peak Rents, today another indication that 2016 is turning point:

51 towns & Metro #Boston suburbs have begun 2016 on home price losing streak

http://bit.ly/MetroBosREDown

Anyone want to meet at Cambridge Common near Harvard Square or Joshua Tree in Davis Square to talk about the implications of these emerging trends, and whether it’s possible or wise to “time the market.”

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Know anyone who’s suffering from buyer’s remorse, wondering if they were manipulated into overpaying in the past two years? Will we see a “Bidding War Backlash” in the next 18 months and a repeat of regrets like those in 2008?

http://bit.ly/Misled2014

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Posted: Fri Apr 08, 2016

Rather than taking legal action two years from now, what’s the best way to be preemptive — calm bidding wars during the next 100 days?

My hypothesis: By mid-August, the pre-election pause will cool currently overheated areas expanding the count of communities with falling housing prices.

What’s your prediction?

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As the image above shows, comments on BostonBubble have dropped to a trickle and there haven’t been any updates on the news feed in four months.  So Real Estate Cafe is setting up a place to monitor REBubble 2.0 online and we’re eager to begin hosting informal “Bubble Hours” as part of our ongoing series of conversations over beer, aka #REonTap.  Our goal is to inform homebuyer clients by crowdsourcing insights from other buyers, and selected real estate professionals particularly other buyer agents. Similar crowdsourcing efforts a decade ago helped some clients save more than $100,000 off original asking prices.

Here’s what our Real Estate Bubble Map / wiki looked like a decade ago (unfortunately Platial.com went out of business so you’ll see repeated gaps), want to help us explore ways to track REBubble 2.0 this time?  Here’s what’s at stake:

MUST READ list of why Bubble 2.0 more dangerous than Bubble 1.0

http://bit.ly/Bubble2SF

Posted in "We" companies, #REonTap, Bubble Hour, Bubble map, Housing bubble, Market trends, Price reductions, Savings & Rebates, Seasonality, Sweetest Deals

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