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Generally speaking, the stats reported are perfectly accurate. Reporters get their stats and market info from reputable sources who release monthly housing data like The Warren Group or the Massachusetts Association of Realtors.
That could be the case if a new decision just made by a federal judge is upheld. The Real Estate Bar Association of Massachusetts (REBA) may have made a serious blunder by suing National Real Estate Information Services (NREIS) for "unlawful practice of law", which led to this decision. NREIS was conducting closings in Massachusetts without attorneys and Massachusetts law prohibits that, so REBA sued to stop NREIS from handling any more closings. However, a federal judge just declared the state laws requiring attorneys to conduct real estate closings unconstitutional. From Banker & Tradesman last week:
I was really a fan of Yelp, and becoming a bigger fan by the day - until yesterday that is. I had just logged into my business owner account to check on traffic to my company profile and see if their were any new reviews, etc. To my horror, half of my company reviews were gone! When and why it happened, I don't know. It was apparently a stealth operation under cover of darkness - one minute the reviews were there, then they were gone. No notice. No explanation. All I know is that we had eight reviews (six 5 star, and two 4 stars if I remember correctly - I no longer even have an "archive" access to them), and now we have four 5 star reviews.
The Boston Globe ran a special extended real estate section yesterday called "Spring House Hunt" with a few interesting articles about the Boston real estate market. One of those was "Shining a light on your home's best assets" by Ted Siefer about staging a home and whether or not it pays off to do it. Couple of things I love about the article - for one, my business partner, PT Vineburgh, got quoted plus the success story of a client of ours, Alma Dell Smith, got written. Not only that, but the staging expert we work with, Blair Hamaty at Setting the Space, also got quoted (note: if you need staging help, call him first). But, as always, there were also some things I didn't love, which I'll get into below. In the article, Ted writes: