Mass. housing market shows signs of perking up - Daily Business Update - The Boston Globe

By Chris Reidy, Globe Staff

The number of Massachusetts homes sold last month jumped nearly 12 percent from July 2008, and the decline in prices moderated, the Warren Group reported today.

Low interest rates, reduced prices, the first-time homebuyer tax credit, and improved consumer confidence contributed to last month's results, said the Warren Group, the Boston firm that tracks local real estate data and publishes Banker & Tradesman.

"This is a much-needed boost for the state's housing market," Warren Group chief executive Timothy M. Warren Jr. said in a statement. "We haven't had a double-digit gain in monthly home sales since last October. And the declines in home prices have been getting smaller every month."



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