The article advises Boston condo buyers, particularly first-timers, to hold off on purchases until the market stabilizes around September as interest rates rise. This adjustment could facilitate a shift towards a buyers market. Current rate increases have disqualified many first-time buyers from securing homes, though discounts on starter homes are emerging to offset these changes. These trends suggest that knowledgeable lenders can guide buyers towards suitable loan products that enhance their chances of successful homeownership in a fluctuating market.
If you plan to hold onto the property for a few years, though, now is a great time to make a move.
Many starter homes have been discounted to compensate for this rate change, making it possible for first-time homebuyers to re-qualify.
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