Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Boston area real estate has cooled down considerably
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October 31, 2005
Boston area real estate has cooled down considerably
Boston real estate prices have gone down considerably since spring, with many listed at 10 percent below of what very comparable single homes and condos sold just several months ago. Main factors are rising interest rates, fuel prices and slower than expected job market.
Many properties are staying on the market long enough to push sellers to cut the price more aggressively. Boston real estate market was very hot for an extended period of time, as the rest of the country.
Posted in Real Estate at October 31, 2005 06:09 PM
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