The Metro West Daily News has this report on Massachusetts. "Housing prices are projected to drop 5 percent during each of the first two quarters of this year and Bay State residents remain highly concerned over the cost of housing, market analysts said yesterday."

"A 'sharp' drop in Massachusetts housing prices has begun, said Alan Clayton-Matthews, a professor at the McCormack Graduate School of Policy Studies at UMass. 'The same economic forces that led to very high and fast-growing prices here in the past are now working in reverse,' he said. 'Housing prices are almost certainly going to decline in the near future.'"

"'When we do have this housing price correction it is going to help our economy just as it did in the 1990s and is one of the requirements we need for the Massachusetts economy to grow again and expand robustly and for population growth to return,' said Clayton-Matthews. 'The longer we avoid a correction in housing prices, the sharper that correction will be and the more steep it will be.'"

"'The level of concern over housing costs in both Massachusetts and in Essex County housing remains quite high,' said Michael Goodman, director of economic and public policy at the UMass Donahue Institute, noting the public cares as much about housing as health care and public education. 'It’s clear that housing costs, housing policy and housing development remain a very relevant issue in Massachusetts public policy circles.'"