"The term was recently introduced by Robert Palmer, CEO of LPT Realty, at an industry conference. The central idea is that the current brutal market conditions, characterized by high rates, hesitant buyers, and stuck sellers, are creating significant pent-up demand. When a "turning point" is reached (presumably due to factors like falling interest rates or increased inventory), this demand will be unleashed, leading to a massive increase in market activity."
"Real estate professionals like Oliver Graf argue that this 'boomsday' presents a significant opportunity for agents who prepare for the shift now, encouraging them to build their businesses and systems during the current market lull so they are well-positioned when the surge hits. In general, economic terms, a "boom" is a period of increased activity, rapid sales growth, and overall economic expansion, often associated with a bull market. The term 'boomsday' specifically frames this general concept as an impending, major event following the current challenging market"
A newly coined term, 'boomsday', describes a predicted surge in Boston condo market activity following current slowdown and pent-up demand. Current conditions include high interest rates, hesitant buyers, and sellers unable to move, which are accumulating latent demand. A turning point—likely triggered by falling rates or greater inventory—would release that demand and generate rapid sales growth. Agents who build businesses, systems, and readiness during the market lull can capture disproportionate market share when activity accelerates. The concept aligns with economic definitions of a boom as rapid activity and expansion, framed here as an impending event.
Read at Boston Condos For Sale Ford Realty
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