Released on: March 26, 2012, 6:58 am
Author: Pricing Nation
Industry: Real Estate
Boston MSA Average Home Prices Should Increase 1.45% ThroughMarch 2014
March 26, 2012, 6:58 am — /EPR NETWORK/ — Pricing Nation Econometrics forecasts that the average home value in the Boston Metropolitan Statistical Area (MSA) will increase by 1.45% through the next twelve months. Some of the drivers of local change include homeowner vacancies and average weekly wages. While there is a decline in supply (52.4% decrease in vacancies from Q3 to Q4 2012), there is not much improvement in the average weekly earnings (0.42% increase from Q3 to Q4 2012), which suppresses growth.