Boston-area Housing Slump Reaches 28 Months
The S&P/Case-Shiller housing price index released data indicating that Greater Boston Area home prices have fallen 11 percent from September 2005 through January 2008, The Boston Globe reported March 26, 2008.
Prices fell 3.5 percent in January compared to January 2007.
"The multitude of different reports on real estate prices can be overwhelming, but boiling down the latest round suggests three things: The Boston market is bad. Local problems are still growing, but the pace has stopped accelerating. Many other markets are much worse."
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