Monday, June 27, 2005

BostonHerald.com: Housing bubble trouble - Mass. home sales plunge 11.1 percent
Did you hear something go "pop"?

The bubble hasn't burst, but the air may be leaking out. Massachusetts may be finally entering a buyer's market for homes, experts said yesterday after new data showed the volume of single-family house sales plunged in May by the largest amount in nearly three years. About 4,142 single-family homes sold last month, down 11.1 percent compared to the same period last year. It was the second straight month in which the number of year-over-year home sales declined in the Bay State, the Massachusetts Association of Realtors reported.

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