tag:blogger.com,1999:blog-19046901.post114869150055585601..comments2023-10-31T09:29:34.882-04:00Comments on The Massachusetts Housing Market: April Market WrapDThttp://www.blogger.com/profile/05449908295673396278noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-19046901.post-1149203394507008792006-06-01T19:09:00.000-04:002006-06-01T19:09:00.000-04:00indigo-1. My next post will estimate 2006 invento...indigo-<BR/><BR/>1. My next post will estimate 2006 inventory based on the data so far this year. I did this a couple months back, and will update with the latest numbers.<BR/><BR/>2. MAR doesn't post data from before 1990, so I'll have to look elsewhere. Problem is, I can find historical prices (OFHEO) but not statewide inventories of properties for sale.DThttps://www.blogger.com/profile/05449908295673396278noreply@blogger.comtag:blogger.com,1999:blog-19046901.post-1148735547770318122006-05-27T09:12:00.000-04:002006-05-27T09:12:00.000-04:00Here's what I think it means:1. Real estate cycle...Here's what I think it means:<BR/>1. Real estate cycles are long. We saw decreasing inventory levels for a decade 1991-2000, followed by a broad trough 2000-04, and now inventory levels are rising dramatically. These sorts of market shifts don't reverse on a short time scale.<BR/>2. In general, changes in housing prices inversely track inventory: when supply is tight (low inventory) prices rise, when inventory is high, prices flatten or drop. Now that supply is surging, we are at inventory levels (~12-13 months) that in the past have meant lower prices. So far I think that is just beginning to show up in the monthly and quarterly numbers.DThttps://www.blogger.com/profile/05449908295673396278noreply@blogger.com