Good News, Mass. home sales, prices rise in Jan...

Should you buy that home you're looking at, or wait a few more months? According to Boston.com, if you're in Massachusetts, home prices actually started to rise in January. That means the housing market in that area has risen for two months straight.

Overall, that would make January the 4th straight month of double digit percentage growth. But according to the article, some experts are still wary of what will happen the next few months, when the government's programs giving tax credits to homeowners, and when the interest rates that are artificially lowered, start to go back to normal.

Boston home values increased 0.9 percent, which was said to be a good indicator of where the housing market is headed. The question still remains, what will happen during June and July? With the recession coming to an end, many people really don't know what to expect with the sharp ups and downs in the economy or the housing market. It is seen as unfamiliar territory.

For the real indicator, experts need to see more homes go up for sale, because right now, in Boston, there is said to actually be a shortage of homes for sale.


So, what's to be made of the situation when you have a shortage of homes for sale, an increase of value, and interest rates on the rise? Not to mention an end to the government tax breaks? Only time will tell, as this really is a time unlike none we've seen...