The Revitalist

Housing continues to be the topic of conversation. Watchers of the housing market are noting a glut of single-family homes on the market that are taking longer to sell, thus "it's a buyers market, baby." A Century 21 agent is quoted as saying that when a house is listed "a half-dozen people swoop in to it to see if it's what they like, and if it isn't the right one for them they wait for another one. A year ago, those same people would all put an offer on the same house."

I have seen this anecdotally with my friends. One couple had to move to DC several months before they were able to sell their Wellesley condo, living in a residential hotel until they could buy a house down there. Of course, they are also an example of the population loss that is much lamented of late and is also cited in the article as part of the cause of the housing glut. Perhaps the competitive market will entice some to stay, but the article doesn't hope for that silver lining.