March 18, 2009 Mara Bushari


Boston was ranked #7 as one of the best real estate markets in the country. New York City, Washington D.C., and Charlotte, rounded up the top three, with Las Vegas listed as the weakest market in the nation.  Cities were ranked according to the S&P/Case-Shiller home price index. Released monthly, the index examines repeat home sales in 20 metro markets, including the city core and surrounding suburbs.  This means that while prices in the San Francisco neighborhood Pacific Heights might be holding up, the net effect of including a bankrupt suburb like Vallejo brings down the metro area’s score. Each city’s score is assigned based on the price difference from 2000, which is scored as 100. So San Francisco’s score of 130.12 means prices are up 30.12% from 2000. It still has the potential for a further fall, given the 31% year-over-year drop.  Boston however has a index rating of 153.05 with a month-to-month drop of -1.28% and year-over-year drop of -7.01% showing more stability.

Source: S&P/Case-Shiller home-price index, released Feb. 24, 2009. 

Mara Bushari

Mara is a creative thinker and strategic marketer. She graduated Summa Cum Laude from Boston University’s College of Communication and worked in international finance before joining The Bushari Team. Mara strives to exceed expectations. As Client Relations Specialist, she is a key facilitator in all team transactions, making the buying or selling process as stress-free as possible for the client. Mara learned many of her extraordinary organizational and problem-solving skills during her service in the Israeli Defense Forces, where she earned the “President’s Award” for exceptional service. In the military, Mara solidified her abilities to achieve top results in high pressure and time sensitive situations. In her spare time, Mara enjoys skiing, photography and writing.

Leave a Reply

Your email address will not be published. Required fields are marked *