“In Boston, all of these zip codes are far from downtown. They are former mill towns that are having a resurgence in price because they're so affordable.”
“There is huge demand for waterfront homes. Right now, if you look at the Florida coast, the Jersey shore you see second-home buying driving appreciation.”
“The demand for apartments may come from a different group of people. After the dot-com crash in Boston, rents started falling because unemployment rose faster among a group of people that was more inclined to rent.”
“In cheaper markets interest rates probably won't matter as much as the local economy. These are places where new supply matches new demand, and you just have steady appreciation.”
“We considered this trend to be unsustainable because so many households were already priced out of the Bay Area market and the prospects for the local economy were not good, so we adjusted the forecast to 7.5 percent.”
