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Back to 1990s home prices?
So argues one of the most respected economics blogs around.
Once inflation is accounted for, the real estate downturn has succeeded in wiping out all the price gains of the 2000s, Calculated Risk contends.
Of course, all real estate is local - there are a few tony suburbs and hot urban neighborhoods in Greater Boston that have seen prices go up, not down, during the downturn.
But that's not been the reality of much of the rest of the country - or for most of the middle of the road towns and neighborhoods around here, for that matter.
Still, are we really back to 1990s levels? And if so, has the market finally hit bottom as we head into 2012?
Happy New Year and welcome to 2012!
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.
