By Doug Miller
This morning I was reviewing the LINK Boston’s 2011 annual report (download here). When looking at the 10 year city wide price index (appreciation rate) something caught my eye:
2006 Q4 price index: 136.
2011 Q4 price index: 136.
That got me thinking….no one was scared to buy a condo in 2006, why are people scared now?
City wide housing statistics in Boston show steady increase in average selling price and appreciation rate since a low in Q1 of 2009. This should help offset some worries...