A progressive backlash against New York’s powerful real estate industry could provide a preview of things to come here in Massachusetts, where activists are increasingly turning their wrath on developers and landlords.
The market tightness index, calculated from data including list price, sale price and time on market, not only measures a seller’s bargaining power, but also has a short-term house price predictive power. In other words, tracking the ups and downs of market tightness can help predict the trend of price in the following one to eight quarters.
