We recently discussed how
housing in small cities is likely to be hot in 2012. Once
again, Jed Kolko, the chief economist at Trulia.com expressed his
opinion about places such as Boston, San Jose, Austin/Houston, and
Rochester in upstate New York and how they are some of the smaller
cities that will out-do the rest of the country in real estate.
The western suburbs of Boston, in particular
locations such as Cambridge, Newton, Framingham and even
Worcester and the northern suburbs like Peabody are all going to
fair well. This is largely due to their strong job markets and the
biotech and high-tech firms that are booming and constructing far
more office and research space. Vacant office locations are highly
diminishing, with it down to now 13 percent in the town of Waltham,
as an example. We will see if this continued attraction for
companies to flock to The Greater Boston Area and develop our
suburbs has what is predicted to be a significant positive
influence on the real estate market in this new year!
More Information: Boston.com