WALTHAM, MA – October 12, 2010 – (RealEstateRama) — The Massachusetts Association of REALTORS® (MAR) today announced that the September REALTOR® Market Index (RMI) was down for the fourth straight month compared to the same time last year. While the September REALTOR® Price Index was also down again for the third straight month, it was up compared to this past August.“Uncertainty continues to be the theme echoed by REALTOR® members who responded to the September housing survey,” said 2010 MAR President Kevin Sears, broker/co-owner of Sears Real Estate in Springfield. “While their expectations on prices are down from last year, when activity amidst the first-time homebuyer tax credit was gaining critical mass, the RPI is up from August, most likely due to dropping interest rates.”
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