Boston Realtors report Buyers Caught in the Middle
Posted by Michael Sylvia on
The Massachusetts Association of Realtors announced that in August 2014, for the seventh straight month in a row, sales dropped and prices rose—leaving buyers caught in the middle. Sales are down in large part because the inventory just isn’t there, while that good ol’ law of supply and demand means that sellers are keeping prices high because they know they have a scarce commodity on their hands.
While the Massachusetts Association of Realtors stats measure statewide activity, if you’re a buyer in Boston, you know that the situation is even worse in Beantown itself. Boston Realtors are keenly aware that times are tough for buyers. To help you understand, here’s an explanation about some real estate lingo.
We have something in the industry…
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