Top Markets Where Home Prices Are Likely to Rise...Boston Ranks Highest

Top 5, 10, or 100 real estate market lists are based on general market area studies of entire cities and market statistical areas....When all real estate is local...make that very specifically local. But for Boston to be included in a prominent group of cities in which home prices are expected to rise in the next 3-5 years is a curious distinction in these times. And Boston actually has the further honor of leading the pack of 40 major Metro areas studied with a predicted 20.14% rise in prices 2009-2014 - see link below to Forbes.com article in full. Yes, it's a testament in part to timing, and natural market cycles. But it's also an important reminder that we're in a desirable market, rain or shine.

Forbes.com: Where Home Prices are Likely to Rise

How do we know home prices will rise?

Well, we don't know for sure...but what's behind the word "likely" is important. These lists are the result of lot of real time fundamental research, market cycle modeling and analysis, close examination of supply and demand specifc to an area, weighted averages, demographic data past and present...all just a few of the things to help quantify, if not necessarily predict, the future.

But whether we're talking about seven figure luxury condominium developments on the Waterfront or the Back Bay, or smart starter units in these and other neighborhoods, Boston has proved to be both dynamic and resilient over time. The recession has affected this area (where hasn't it?), but not nearly as much as other cosmopolitan cities across the U.S. To be continued....... as we cycle forward in one of the country's best markets toward a return to apprecation mode.


"Where Home Prices Are Likely to Rise"
by Francesca LevyFriday, September 18, 2009 - Forbes.com