#boston-condos

#boston-condos

Home sales drop in Massachusetts
Home sales drop in Massachusetts
Signed contracts to buy existing homes in the US unexpectedly dropped in March, the first decline since November 2022 as the lack of supply hampered sales activity during the spring buying season.The National Association of Realtors' index of pending home sales fell 5.2% to a reading of 78.9 in March, according to data released on Thursday, far from the gain of 0.8% that Bloomberg economists predicted.

Are Boston condo investors leaving the market?Boston Condos for Sale and Apartments for Rent
A year ago Boston condo mortgage rates were roughly 4.1%, while the current rate is approximately 6.2%.So, rates today are much higher, yet demand for Boston condos for sale is the same.That's a powerful statement.

Boston condo interest rates vs inflation
Interest rates are in the news again because they went up and so did mortgage interest rates as the Fed's continues to fight inflation.Boston condo interest rates are in the news again because they went up and so did mortgage rates.I think unless Boston condo mortgage rates trend downward, it can be a tough 2023.

The advantages of buying a smaller condo
Many people are reaching the point in their lives when they need to decide where they want to live when they retire.If you're a Boston condo owner approaching this stage, you have several options to explore.Jessica Lautz, Deputy Chief Economist and Vice President of Research at the National Association of Realtors (NAR), says:

"As we see the transition of the large Baby Boomer generation age into retirement, it will be interesting to see if they move in with their Millennial and Gen Z children or if they stay put in their own homes."

The beauty about this market is that Boston condo buyers don't have to fight with the decision to buy now or wait.Because the inventory of quality homes is so thin, having to wait is baked in conclusion.How often do Boston condo buyers see a property for sale that interests them?Once a month, maybe?

If buying or selling a downtown Boston condo is part of your dreams for 2023, it's essential for you to understand today's Boston real estate market, define your goals, and work with Boston brokers to bring your homeownership vision for the new year into focus.In the last year, high inflation had a big impact on the economy, the housing market, and likely on your wallet too.

Housing affordability causing a surge in apt.rentals
Beacon Hill apartments are moving quickly as Boston condos for sale are becoming less and less affordable as interest rates rise.View Beacon Hill apartments for rent.Click to View Google Reviews for Ford Realty 2021,2022 and 2023

For the past few weeks, demand for Boston condos for sale is finally climbing after many months in a slump.It is difficult to determine whether this is seasonally expected strength, or if demand is actually more robust from the past few months.But, for now, it's exciting to see that demand for Boston condo for sale is strong, regardless of the reason.

Sometimes it is interesting to look at the big picture.We can see that the number of Boston condos for sale is trending down but the numbers are way above what we saw during the crash.The national; housing market peaked during the pandemic, it is reminiscent of the peak in 2006.Going forward the unemployment rate and mortgage interest rates will influence where the housing market goes from here.

I've been selling Boston condos for sale since 1999, and writing about it since 2001.Each year I write an article like this one, to gauge the level of likelihood of an upcoming Boston downtown real estate market crash.The Boston condo for sale market, did bubble up in the past, but it didn't crash, its very resilient.

Boston condo for-sale agents are really selling the idea of buying a house/condo right now.They say all sorts of crazy things.One of my least favorites concerning interest rates is: "Date the rate but marry the house" The idea is that interest rates come and go and sometimes people can refinance.

Most years at this weekend, I'm reminding people about daylight savings time.Today, I'm going in switch topics Let's discuss Boston neighborhood parking.Excerpt from city of Boston
The City's Daytime Neighborhood Street Cleaning program currently runs from April 1 through November 30 for all neighborhoods except the North End, the South End, and Beacon Hill.

Empty Boston downtown commercial real estate has been a topic of discussion in the real estate industry for a while now.With the rise of remote work and online shopping, many commercial properties in downtown Boston are left vacant and seemingly unmarketable.Recently, some (including me in the past) have suggested converting these properties into Boston luxury condos, there are several reasons why this may not be a feasible solution.

Nationally,, residential real estate for single-family homes and locally for Boston condos for sale are still in high demand, despite low inventory.View this YouTube video for the latest update for national real estate sales market,
Read all Ford Realty Google Reviews.Click Here: Google Reviews for Ford Realty
Here what people are saying about Ford Realty

Why can't AI (Artificial Intelligence) price Boston condos for sale correctly?Why can't AI (Artificial Intelligence) price Boston condos for sale correctly?It is true we have numerous tools we can use for placing a value on Boston condos for sale.I use them sometimes but always in conjunction with my own analysis.

Over at  Economix, economist  Casey Mulligan  explores a likely effect of both driverless cars and the drone delivery services that Amazon  is experimenting with: what impact will it have on property values in urban centers.Here's Mulligan's theory:
As technology helps with moving goods and people more cheaply, it might seem that urban real estate would give up some of its price premium real estate because distance becomes less of an obstacle to economic transactions.

I made it through black Friday and Cyber Monday without spending a dime. .The news this week has been all about projections for holiday spending.I know that the economy is depending on all of us to spend money but there is also a downside to spending money on stuff.Boston condos Maybe if we all spent less money the economy will slow then Boston condo interest rates will go down and that will make it easier for people to buy condominiums and townhouses.

Boston condo broker: "Mary had a little lamb"
Boston condo broker: "Mary had a little lamb"
I think working from home has many serious disadvantages, especially if you're a Boston real estate broker.But I'm getting off topic
Perhaps its because I grew up NY, but I didn't know that the song "Mary had a little lamb" was written only 40 miles away from downtown Boston in Sterling, Massachusetts' I thought it was old lyrics from England, not New England.

I've heard several reasons for a buyer to back out of a deal - But not this one
I probably should have posted this Boston real estate blog post in October, but better late than never.So here's a true story how a homebuyer was able to back out of a home purchase.If this story was turned into a question on my Boston, Massachusetts brokers real estate exam, I may have gotten it wrong.

Best & worst cities for first-time homebuyers.Guess where Boston ranks?Best metro areas for first-time buyers in 2023
Bankrate ranked 50 metro areas across four broad categories: housing prices in relation to local wages; the tightness of the local housing market; the employment picture; and wellness and culture.

Downtown Boston one of the hottest real estate markets in the country for 2023
Downtown Boston one of the hottest real estate markets in the country for 2023
Boston made Zillow's 2023 hottest housing market list, which ranked the hottest markets in the country on expected home value growth, buyer demand and more.

Last year, the Boston condo for sale market slowed down in response to higher mortgage rates, and that had an impact on home prices.If you're thinking of selling your condominium soon, that means you'll want to adjust your expectations accordingly.As realtor.comexplains:
". . .some of the more prominent pandemic trends have changed, so sellers might wish to adjust accordingly to get the best deal possible."

The most common question I get from Boston condo for sale owners is: "How long will it take to sell my downtown Boston condo this time of year?".I pulled up some numbers from the Multiple Listing Service and the average amount of time it takes to sell a downtown Boston condo in December and it is about 40 days.

Boston real estate thought: It all comes down to this ...  Now then, did you know that despite everything that's going on in the world and the economy, including the fact that everything should stop so we can all mourn the loss of US World Cup games, day in and day out, Boston condos for sale continue to sell to see and prices are NOT crashing.

I've said it week after week after week, but the repetitive nature of my Boston Real Estate posts make the observation no less potent.Demand for Boston condos for sale is still strong.Throw-economics-out-the-window kind of incredible really.Why?Because it's average for this time of year, which is not a bad thing, after two years of bidding wars.

The Boston holiday home stretch is on!I am betting that Boston condo buyers and sellers will be making some deals between now and the end of 2022.Serious sellers will be keeping the higher interest rates in mind and will be prepared to negotiate.Boston condo buyers who are preapproved for a loan or can pay in all cash may be motivated to get into a new place before New Year's at the right price.

There are a lot of misconceptions about the real estate market.One of them is that June is the month that the real estate season peaks with the highest prices and the largest inventory of homes for sale.Most homebuyers prefer to buy in Spring even though waiting until summer usually means some savings and better service.

With only few weeks until 2023 arrives, housing industry executives are adjusting their operations to face what is expected to be another challenging year.The  Federal Reserve will continue its fight to tame inflation - with its seventh consecutive interest rate hike - despite looming concerns of a prolonged recession.

Boston downtown condos are ideal for investors who want stylish amenities, minimal maintenance and the ability to live in coveted locations.Before agreeing to purchase a Boston condo in Downtown/Midtown, however, it is important to look for signs of damage that the seller hasn't disclosed.A comprehensive inspection will include a review of both the interior and exterior of the property.

As a Boston condo broker, I said to my girlfriend: " My mother is getting more forgetful and more repetitive every day.If I ever get like that, you'll tell me, won't you?" "Yes, John, you already told me yesterday"
Looking to buy a Beacon Hill condo or rent a Beacon Hill apartment please text or email me, I promise I won't forget to get back to you.