Property prices in Greater Boston is up 8.4%

A new survey shows that home values ​​in the greater Boston area rose 8.4 percent in July compared to a base year to year.

According to the survey of Zillow Inc., a Seattle company that operates a large real estate web site , this climb is placed above the national increase of 6 percent over the same period.

The value of housing in several local communities, including Arlington, Boston, Brookline and Cambridge, have exceeded their previous highs , Zillow said. In other words , households in these areas have the highest value in its history.

In a statement in the press release from the company, Zillow chief economist Stan Humphries said of on the broad national trends.

“After three consecutive months of annual appreciation of housing values ​​above 5 percent , the recovery of the U.S. housing market been shown to be in very solid condition, ” Humphries said.

“We have entered a new phase of recovery , which we can begin to move away from the ugly recent history and go back to what the housing market will be in the future and how it will act.”


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: