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What are your housing market predictions for 2012?
I will get the ball rolling with a few of my own. Feel free to let me have it and offer a few of your own.
I will feature some of the more insightful commentaries in a post next week as 2012 kicks into gear.
- After ending the year on a rising note, Massachusetts home sales will continue to slowly increase through 2012. Prices will sputter around before bottoming out in late 2012, both locally and nationally.
- Upscale suburbs and neighborhoods in Greater Boston, from the Back Bay to Sherborn, will see prices continue to rise amid increasingly heated competition for available homes, driven by growth in the high-tech and biotech sectors and a rebound in financial services.
- Prices will bump around the bottom in middle and lower tier towns, but sales will slowly pick up.
- Foreclosures pick up again as banks shake off the aftereffects of the robo-signing crisis, but the impact will be dulled by an improving jobs market.
- Apartment construction will surge - but so will rents.
- The Euro Zone crisis will look scary at times, but the major players will do just enough to prevent a complete collapse and a global retreat into another recession.
About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate
and business issues.
Rona Fischman is a buyer's agent who provides a look at the local housing scene, from basements to attics.
