Maybe Now is not the Time to Buy

The 13 Riskiest Housing Markets

Beantown Bubble

In PMI's view, Boston is the riskiest housing market in the nation. PMI assigns a 53% probability that Boston housing prices will decline over the next two years. The city is at risk despite falling home prices between 1992 and 2001 and a relatively modest annualized appreciation of 7% since then. The problem, says Lawrence Yun, regional economist for the National Association of Realtors (NAR), is that the Boston area has lost 200,000 jobs since 2000 and that housing prices remain high, with a median home selling for $398,000. But David Lindahl, a veteran real estate buyer who runs a local investors' club, looks at the bright side of a possible price decline in Boston. That would mean, he says, “buying opportunities in the foreclosure market.”

Apartment in Watertown

Our first floor apartment will be available September 1.
Watertown, next to Oakley Country Club.
Beautifully renovated two bedroom, first floor of two family. Large living room with fireplace, dining room, large eat-in kitchen with dishwasher, disposal, microwave. Washer and dryer. Hardwood floors. Large front porch. Storage in basement. Very quiet and safe neighborhood. #73 Bus to Harvard Square/Waverly at corner. Free high-speed Internet access.
No smoking. No pets.
$1500 plus utilities (oil heat) – negotiable
Will trade babysitting for reduction in rent.