The Boston Globe has no problem tossing in an outright lie...
People are leaving for other states
Evidence for this?? Mass. is clearly losing population. Many folks say they are leaving because of taxes and housing costs. They leave, and demand for housing decreases so housing costs decrease. We call this "the marketplace".
Now, if the state would only do something about the taxes, we might stop losing population. But this talk about a "sluggish economy" is just an attempt at misdirection.
"The slowdown in Massachusetts' housing market ran counter to a surprising pick-up in March in nationwide sales of homes..."
Mass has rising taxes and is losing population.
Soon only the DUmmies will be left.
They will lose another Congressional Seat and lose another vote for President...soon.
You don't demand that people embrace the teaching of the homo-perve lifestyle to kindergartners and NOT suffer an exodus of the most normal among them leaving for places that think kids ought to be well, kids. Between social engineering BS like that and confiscatory tax policies, it's amazing there are any people left in states like these. No wonder the Soviets had to build a wall to imprison their population.
I'm just glad to see a housing topic started by somebody OTHER than ex-Texan...
Looks like folks are heading South in Record #'s. Gee, I wonder why......?
''Inventory is at record highs, so buyers are taking their time,"
Umm... Maybe buyers are waiting to see how low prices will fall.
Why buy a house today, for $600,000, if you can wait until 2007 and buy the same house for $525,000?
What - Nobody wants to live in socialism? THEN WHY DO THEY KEEP RE-ELECTING THE LIKES OF KENNEDY AND KERRY?
Lib states are in big trouble. I just don't get it. (sarc)
''People are leaving for other states, and there's less demand for housing than there is in the rest of the country,"...
The land of Kennedy, Kerry and that crazy gay predator Barnie plus high taxes is driving people with a brain away.
Soon Kennedy and his pet pit bull, Kerry, will be telling America about the sad state of Mass re real estate. Then they will push for a National Home Buying Insurance for idiots who want to live in Mass.
Notice how the Blue Cities, counties and some blue states are really starting to lose population. First they abort their future. Then they dumb them down in school while pushing the Gay life style. Then they blame Bush when these dumbed down liberals can't find work.
http://www.freerepublic.com/focus/f-news/1621786/posts
Stunning 13.8% increase in new home sales
Market Watch.com ^ | 26 April 2006 | Rex Nutting
Posted on 04/26/2006 7:25:24 AM PDT by Grampa Dave
ECONOMIC REPORT Stunning 13.8% increase in new home sales
Median prices down year-over-year first time since Dec. 2003 By Rex Nutting, MarketWatch
WASHINGTON (MarketWatch) -- New home sales unexpectedly increased by 13.8% in March to a seasonally adjusted annual rate of 1.213 million, the highest level of the year, the Commerce Department estimated Wednesday. The increase more than reversed the 10.9% decline in sales in February. It was far stronger than the mild increase to 1.10 million annualized that was expected by economists surveyed by MarketWatch. See Economic Calendar.
Combined with the small increase reported in existing home sales on Tuesday, the report shows the housing market was much stronger in March than anyone had reason to believe. See earlier story. Other housing market indicators, including mortgage applications, housing starts and builders' sentiment, are pointing to a softer housing market.
The strength in home sales, if it persists, could keep the economy growing faster than the Federal Reserve wants and could lead to higher interest rates than now expected. See our complete coverage of the Fed. New home sales are down 8.2% year-to-date. Read the full report.
The government cautions, however, that its housing data are subject to large sampling and other statistical errors. The margin of error is so large, in fact, that the government cannot say with confidence that sales rose at all in March.
It can take up to six months for a trend in sales to emerge. New home sales have averaged 1.22 million per month over the past six months, down from 1.23 million in February and 1.30 million in November.
The inventory of unsold homes on the market increased 2.8% to 550,000, representing a 5.5-month supply at the March sales pace, down from 6.3 months in February. Median home prices fell 2.2% year-over-year to $224,200. It's the first time prices had fallen year-over-year since December 2003.
In March, sales rose 35.7% in the West, reversing the 30.3% drop in February. Sales increased 6.9% in the South, 10.9% in the Midwest and 4.7% in the Northeast.
In a separate report, the Commerce Department said orders for durable goods increased 6.1% in March, including a 71% gain in aircraft orders. Bookings were solid across most industries. See full story.
Rex Nutting is Washington bureau chief of MarketWatch.
Meanwhile across country in the IE area of Southern California this is happening;
http://www.freerepublic.com/focus/f-news/1621868/posts
I.E. region's median home price tops $400,000
The Daily Bulletin ^ | 4/26/2006 | Michael Rappaport
Posted on 04/26/2006 9:09:30 AM PDT by Smogger
Going up. For all the predictions that the elevator had reached the top, that housing prices had peaked and would only go sideways, the Inland Empire reached another milestone and posted an all-time high in March. The median price of a single-family home in the Riverside-San Bernardino metropolitan area was $403,000 in March, according to numbers released Tuesday by the California Association of Realtors.
It's the first time the median price has passed the $400,000 mark, and it comes just 21 months after prices topped $300,000 for the first time in June 2004.
"A lot of people who have been talking about the market softening were expecting prices to go down," said Jack Kyser, chief economist with the Los Angeles County Economic Development Corp. "Well, unit sales may be down, but prices are still going up, or at least moving sideways."
The Massachusetts economy has been stagnant for the past two years (at least). After 14 months of unemployment (B.S. Chemistry, MBA) I will be starting a new job next week. Employers were reluctant to hire, though they were actively looking. Examine a job description and it would seem as if the job was previously done by two (or three) people with very different skill sets. Strong product development and technical skills would be primary requirements, but an unspoken requirement to lead sales was also desired. Not finding the ideal candidate, they would "reevaluate the position".
With Kerry and Kennedy as a constant affront to the administration, Massachusetts has certainly not received any special favors to bolster the economy. Our pinhead Reps (i.e. Meehan and Markey to name but two) are not much better. However, Mass residents don't see how they are voting against their interests by continually supporting these reprobates.
Every day, 100 people like me (taxpayers) leave the state. I'm glad I was able to hold on, I'll leave on my own terms in the future.
My parents left Taxachusetts for Arizona fifty years ago this summer. Was the best decision they ever made (besides us kids, of course!).
Sure not seeing that out here in the west - especially in AZ and NV.
The Boston Globe has no problem tossing in an outright lie...
I thought they were fleeing the state?
The Bay State should be renamed The Jackass State, or the Peoples Republic of Morons.