In the first quarter, the Boston area had the second-largest home price increase (6 percent) among the 50 metros surveyed, according to CoreLogic data. A report by the Concord Group, a real estate consultancy, projects recovery (or sustainable home sales and price appreciation) in the metro Boston housing market in late 2011, ahead of other areas. Boston, supported by a strong education sector, was hit earlier and less severely by the housing crisis than other places, and the unemployment rate here has stayed below the national average.
Does anyone have any personal stories out there to back up this report? It seems that reports like this and this might contradict the Concord Group’s rosy findings. So, while mortgage rates may be at historically low levels, pessimism from industry leaders, consumers, and home builders has the potential to stall Boston’s housing recovery. Still, being #2 is not that bad. Unless your the Celtics. Live Proper.
