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Housing market still in recovery

Massachusetts’ housing downturn persists, despite attempts to reverse it

By Jenifer B. McKim

 |  Globe Staff  

  November 20, 2011

More than six years after Massachusetts housing values began to fall, there are few signs that any notable improvements will be coming for years. Sales of single-family homes are painfully slow and not expected to top 40,000 this year - the lowest number in twenty years. Housing values have slid about 15 percent since their peak in 2005. Few expected the pain to go on for so long. The slow economy, a glut of foreclosures, and tight credit all are to blame.

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