While it seems that home sales in the Bay State have dropped overall, there are a few bright spots in the real estate market. According to the Boston Globe, there are a few Greater Boston areas that are reporting home sale increases during the month of July compared with July 2009. In Cohasset, real estate agent Tom Hamilton says that the drop in home sales for Massachusetts did not correlate well with his own experience in the market. He said, "When I saw the sales numbers, I said, 'That is completely inconsistent with the July we had.' Business is good. Business is very good."
The thing that real estate insiders worry about is the fact that it is only a measure of success in one month. Overall, a dip in home sales has been felt not only statewide, but nationwide. Experts worry that this may signal a slowdown in the overall economy. Barry Bluestone, dean of the School of Public Policy and Urban Affairs at Northeastern University, told the Boston Globe, "You're only seeing an increase from what were relatively low sales levels."
In the end, it seems that the numbers are tricky for anyone to predict. Alex Coon, market manager for Redfin.com told the Boston Globe: "The numbers are tricky. There's a lot of schizophrenia in the marketplace and everything is moving in a bunch of different directions."
The important thing to remember if you are selling or buying a home is that there are a variety of legal issues that you need to think about. If you are interested in either buying a home or selling a home, make sure you call a Boston real estate lawyer to help with you. For more general information, please visit our Related Resources links.
Related Resources:
- Home Sales In Massachusetts Drop (FindLaw's Boston Real Estate Law News Blog)
- Call A Boston Real Estate Attorney (FindLaw)
- Did You Know? Why You Need a Lawyer When You Buy a House (FindLaw)
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