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Are Greater Boston buyers finally getting cold feet?

Posted by Scott Van Voorhis October 16, 2013 09:47 AM

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I am typically inclined to shrug off the nutty antics in Washington. Another day, another phony crisis.

But with the debt ceiling deadline now just hours away, it's hard not to wonder if the Tea Party lunkheads in Congress might very well be capable of doing the unthinkable and blow the economy sky high.

In the spirit of our B movie, national melodrama, it calls for a little Charlton Heston here.

"You Maniacs! You blew it up! Ah, damn you! God damn you all to hell!," Heston rages at the end of the immortal Planet of the Apes when he discovers what really ended human civilization.

OK, silliness aside, it does look like some buyers were already getting cold feet heading into our latest national crisis.

There was a big drop in Boston area buyer activity in September, Glenn Kelman, chief executive of online real estate platform/brokerage firm Redfin, noted the other day during a swing through Boston.

In fact, buyers in Greater Boston are apparently even more nervous than the rest of the country.

Consider some of these significant down shifts in buyer activity this September compared to August:

  • Signed offers were down 18.2 percent locally, compared to 10.4 percent nationally.
  • Home tour requests dropped 4.5 percent in the Boston area, compared to 1.2 percent nationally.

So what's your take? Any buyers or sellers out there having second thoughts right now?

This blog is not written or edited by or the Boston Globe.
The author is solely responsible for the content.

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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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