Arlington Update

Arlington Ma Real Estate Market Intelligence brought to you by Mark Lesses from Coldwell Banker

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Light on the Horizon: The Future of Housing

HCA is thrilled to welcome Professor Barry Bluestone as our Keynote Speaker for our 2009 Annual Meeting. Professor Bluestone is the founding director of the Kitty and Michael Dukakis Center for Urban & Regional Policy and the Dean of the School of Urban Affairs & Public Policy at Northeastern University.
Professor Bluestone will report on the latest analysis of housing data to look at where we are in the housing cycle now and where we expect to be through the next three years.
HCA will also be presenting our 2009 Deacon Frank Mandosa Community Sevice Award to Liz Jaramillo of the Friends of Gateway. In honor of Liz, we are asking attendees to bring warm outdoor clothing to contribute to Friends of Gateway: Winter Boots, Socks, Coats, Hats, Gloves, Mittens, Scarves, Snow Pants & Snowsuits.
Tuesday, October 27, 2009
6:00 PM
Arlington Town Hall Auditorium

Please contact Joanna at 781-316-3606 or jain@housingcorparlington.org for more details.

Hope you can join us!

The author’s view does not take into account the intangible benefits of homeownership that are equally important as economic issues. There is a sense of empowerment, community and achievement that people experience when owning their own home as opposed to renting. What do you think?

October 11, 2009
Economic View

A Bounce? Indeed. A Boom? Not Yet.

By ROBERT J. SHILLER

THE sudden rise in home prices suggests that the psychology of the market has shifted substantially. But what should we expect in the months ahead? Not necessarily that we’re entering a new housing boom. To a large extent, where we’re heading depends on what home buyers are thinking.

Some clues are found in the annual home-buyer surveys that Karl Case, the Wellesley economics professor, and I have run for years. For the surveys, we canvas recent home buyers in four cities — Los Angeles, San Francisco, Milwaukee and Boston; the surveys are now being conducted under the auspices of the Yale School of Management. We have just received the 2009 results, with responses from June and July.

http://www.nytimes.com/2009/10/11/business/economy/11view.html?ref=business&pagewanted=print



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