Boston's housing market reaches new heights in 2012
There is a lot of positive news coming out of Massachusetts surrounding the current state of real estate in Boston. The Hub's housing prices showed positive momentum in June 2012, increasing 2.5 percent month-over-month, according to the latest Case-Shiller Home Price Index. However, that is not the only impressive accomplishment the city's real estate market has made in 2012. The source goes on to say that Boston's home appreciation since 2000 ranks fifth among the index's 20 cities, only topped by Washington, D.C., Los Angeles, New York City and San Diego.
Homebuyers certainly noticed the affordable housing costs in the Hub in July 2012, too. The Boston Globe reports that July home sales were the best since 2005, rising nearly 27 percent year-over-year. The news source cites The Warren Group, a local real estate analysis agency, for the data.
The housing market in the Greater Boston area looks to be improving. With prices on the rise and an uptick in sales imminent, buyers may want to invest in property before their dream homes become out of reach financially.