7 Responses to “Your borrowing costs just keep going up!” »»

1. Peregrine
   Comment by Peregrine | 04/26/06 at 3:28 pm

   Sorry

   but missed the report higher prices. Where did you find that? Higher rates does equate to lower

   prices especially with the higher inventories. Heard of dead cat bouncing?

2. John A Keith
   Comment by John A Keith | 04/26/06 at 3:56 pm

   In downtown Boston, we haven’t seen lower prices, yet.

   In fact, in

   Massachusetts, condo prices have increased, at least according to this Boston Globe article.

   In contrast, Massachusetts condo sales continued to

   rise in March: The number sold rose 1.4 percent from March 2005, to 2,554, the Warren Group said.

   Sales for the quarter were down 1 percent, to 6,108 condos sold.

   The median price for a

   condo surged 6.2 percent last month, to $276,119, from $260,000.

   Yes, it seems

   contradictory. I would assume, as apparently you do, that more inventory would lead to lower

   prices, over time. That time hasn’t come yet, for some reason.

3. beejoll
   Comment by beejoll | 04/26/06 at 9:10 pm

   New home sales

   were actually higher by13.8%, the largest increase in 13 yrs. However, the reason for the increase

   in sales was the price cutting by the home builders to push out inventory. Individuals can sit

   back and wait to list their home if sales slow. Builders have to drop prices to move inventory

   cause there’s nobody living there.

   Average new home prices fell 7.1% from Feb.!! Yes, from

   last month.
   Median new home prices fell 6.5% from Feb., and yes..Feb. 2006.

   FYI - You

   forgot to mention record high energy prices and next to zero short-term appreciation potential in

   your perfect storm statement. Sorry…..

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