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Sunday, July 30, 2006

Million-dollar homes in Natick

NATICK

An article in the Portsmouth Herald suggests that the appearance of "million-dollar neighborhood homes in Natick, Mass." was one sign that the real estate bubble was about to explode.

The story, a survey of the slowdown in the real estate market, says that realtors are getting training about how to deal with the new environment.

"This isn't rocket science," Angela Stamoulos, the training manager for Coldwell Banker Residential Brokerage, told the Herald from her office in Waltham. "We do a lot of analysis and we saw the amount of inventory. We saw different things that needed to be emphasized."

The Worcester Telegram also surveys the real estate market in a story today.

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