Is it high time for reality check?

Developers, analysts disagree over whether there's a bubble ready to pop in the local housing market

By Chris Reidy

Globe Staff / September 19, 2004

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In Somerville, Ed Champy of Waypoint Development just built six town houses a mile from Davis Square. He lives in one and sold two that were listed for $649,000. He's renting out the other three for $2,500 to $3,000 a month. Why not sell everything now? Because he's optimistic Somerville prices will rise even higher, so he's keeping units to ... (Full Article: 904 Words)