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In Housing Market, Uncertainty Reigns
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In recent days, we've been a hit by flurry of reports about an increasingly weak housing market and falling home prices in the Boston area. Just Tuesday, a new forecast projected a drop in Massachusetts home prices by as much as 6.5 percent.
So how bad is it? Are we heading toward a double-dip? Or has the market hit bottom? Some analysts say we can expect the market to begin to recover in the coming months. Are they right?
As the spring home sale season heats up, many prospective buyers and sellers are caught in the middle of a market in transition. Is it a good time to buy? Should owners be looking to sell?
We speak with housing experts on the state of the market.
Do you have a question about the housing market in Massachusetts? Are you looking to buy or sell a home? Do you rent because you're too scared to buy?
Leave your thoughts and questions in the comments or on our Facebook page.
Guests:
- Scott Van Voorhis, real estate blogger and columnist, Boston.com.
- Karl Case, retired Wellesley College economist; co-founder, Case-Shiller Index
- Patty Knaggs, real estate agent based in Beverly
- Curt Nickisch, business & technology reporter, WBUR
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This segment aired on May 11, 2011.