Mitt Romney,  former  governor of  Massachusetts,  decided  it  was  time  to  liquidate  some  assets.  So  what  did  he  do,  he  put  his  tiny  little  Utah  ski  chalet  up  for  sale.  The  small  home  comes  in  at  around  9,500 sq. ft.  The home  sits  on  11  acres  and  has  been  called  the  “perfect  retreat”  by  it’s  owners.  The  Deer  Valley  home  is  currently  priced  at  $5.25 million.  Romney  has  also  decided  to  sell  his  local  mansion  in  Belmont  Ma.  The  home  is  slightly  smaller  than  the  ski  chalet  coming  in  at  6,400  sq. ft.  The  pink Belmont  colonial  sits  on  2.5  acres and  has  an  incredibly  well  maintained  lawn.  The  price for this former first home  has  yet  to  be  determined.

From the Boston Globe web site:

House prices in Boston increased for a fifth consecutive month, according to the S&P/ Case-Shiller Home Price Index released today, but the price gains dwindled from levels earlier in the year.

Boston home prices increased 0.1 percent between July and August. Boston was one of only four major US cities that did not experience a drop in home prices.  This  latest  news  comes  from  S&P/Case-Shiller, which tracks 20 major US cities.

This  article outlines  why  Boston  is  unique  compared  to  everywhere  else.  It  helps  to  explain  how  sagging  economies  around  the  country  and  real estate values  dropping  dramatically  everywhere  but  here aren’t  affecting  us.  Remember  real estate  is  local  and  as  much  as  the  New York  Times  maybe  great  for  overall  reading  don’t  necessarily  trust  it  when  it  comes  to  the  Boston  real  estate  market.