New England Cable News (NECN) speaks with Globe reporter Kimberly Blanton about the latest real estate market data. You can watch the video.
You also read the Boston Herald's report.
'“Things may be stabilizing here, but it’s too early to call a turnaround,” said John Bitner, chief economist at Eastern Bank in Boston. “We’ve been expecting things to stabilize in the spring ... so it’s a little earlier than expected.”'
Across the U.S. existing home sales were also up, according Reuters news service. The National Association of REALTORS said sales were up 3 percent in January, the biggest increase since January 2005. Unlike Massachusetts, nationally inventory rose.
Read The Reuters Article