http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x2014131http://business.bostonherald.com/realestateNews/view.bg?articleid=119218The Bay State’s once high-flying real estate market is rapidly losing altitude, sales numbers released yesterday show.
Condo prices are apparently peaking, while house sales plunged last month, the Massachusetts Association of Realtors reported.
The group said house sales fell 9.2 percent in November, dropping to 3,713 units last month from 4,089 in November 2004.
The condo market also showed signs of finally topping out after years of spectacular gains.
The median condo price hit $265,000 last month. That’s down 2.3 percent from a month earlier and 9.6 percent from July’s peak at $275,000.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x2014373http://www.washingtonpost.com/wp-dyn/content/article/2005/12/30/AR2005123001481.htmlThis has been good news for D.C. teacher Kathleen Bergin and her roommate, Mary Wilson, who works as a nanny. The two long-time friends rented in Glover Park for four years and wanted to buy a place in the neighborhood, but couldn't afford it, Bergin said.
They watched as work started in spring 2004 on the Archbold, an old American University dorm being converted to condos. "But we just assumed it would be way out of our range."
However, after a price cut of $30,000, from about $500,000, plus $10,000 for using a designated lender, Bergin and Wilson became first-time homeowners this month.
The number of homes for sale in the Washington area has more than doubled since last November, according to figures from the area's multiple listings service. The last time the Washington region had this many houses for sale was the late 1990s, before low interest rates and a growing job market fueled the years-long boom in home sales.