This article first appeared in the PR October 2009
issue of Pro Remodeler.
Population: 4,522,858 (3 percent increase since 2000)
Existing home sales: Q2 2009 sales were down 13 percent from 2008, but up 104 percent from Q1
Home prices:
- Down 5.9 percent from 2008
- Down 16.3 percent from September 2005 local peak
- Down 9.4 percent over last 5 years
- Up 62 percent over last decade
Homeownership rate: 65.2 percent (No. 48 among major metros)
Median household income: $66,870
Local unemployment rate: 8.4 percent (up from 5 percent in 2008)
Sources: Greater Boston Association of Realtors, S&P/Case Shiller Home Price Index U.S. Bureau of Labor Statistics, U.S. Census Bureau
RELATED LINKS
Boston Globe: Region shows signs of rebound
Boston Globe: Home prices, sales on rise in Boston area
The Corner Office: F.H. Perry Builder
Peter Feinmann of Feinmann Inc. on Making Small Projects Work
2007 Innovators: The Wiese Co.
Data and information on the Boston remodeling market