#boston-condos

#boston-condos

Boston condos for sale: AI and misinformation
Boston condos for sale: AI and misinformation
I am not an expert on everything but I am an expert on a few things.Boston condos for sale is one.There is more, but I'm humble man(sometimes) and I try not to be one of those "know it all".When people need advice on topics of interest the sometimes crowd-source answers to questions from their Facebook friends or will go to other social media sites and just ask.

Why did Canadian wild fires impact downtown Boston weather?Well, we had some bizarre weather last week in downtown Boston, even by New England standards.I hope this doesn't doesn't discourage you from viewing Boston condos for sale or Beacon Hill apartments for rent.

Now Boston condo sellers are being impacted by higher interest rates
Higher interest rates are now impacting Boston condo sellers along with home buyers.New listings were down compared with April 2022.However, some Boston condo sellers are still getting more than their asking price, for example, one of my agents placed a Charles River Park condo over asking price last week.

Boston condo market remains strong despite Bank meltdown.Boston condos for sale in Back Bay, Beacon Hill and Seaport.Beacon Hill apartments.

Forecasting the Boston condo for sale market is kind of like predicting the New England weather.There are unknowns and unforeseeable circumstances that can change everything.With that in mind:
Housing prices will rise slightly, and sales will dip next year before making a comeback in 2024, according to Lawrence Yun, the National Association of Realtors' chief economist.

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.

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.

(Illustration by The Real Deal with Getty)
Longest decline on record: NAR
Existing home sales fell again in October, marking the ninth straight month of decline - the longest slide on record.Overall, October sales fell 28 percent from a year earlier, according to a report by the National Association of Realtors.

Boston condo broker dog sitting
Today I'm trying to expand my skill set by training Gino the dog.I have the pleasure of taking care of Gino this Presidential weekend, as Mona's nephew's are taking an expanded weekend vacation.Let me tell you about Gino, he has no respect for me, my training him hasn't been going as planned.

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.

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."

They don't know what they are talking about!Before we check out the 2023 mortgage rate forecasts, let's look at the track record of the economists at some pretty notable industry titans.Currently, the 30-year mortgage rate is around 6.31% at the time of this blog post.But a year ago, Fannie Mae predicted it would be 3.3% right now.

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.

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.

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.

Beginning the year may provoke a blend of thrill about the unknown and fondness for what is being left behind as the Boston condo market is shifting towards a buyers market.Staying assured of your home being sold can be achieved by following this essential principle.Due to an increase in mortgage interest rates, Boston condos staying on the market longer, and an increment of the number of dwellings for sale, the real estate market has been going through a transformation in 2023.

Now that the end of 2022 is within sight, you may be wondering what's going to happen in the housing market next year and what that may mean if you're thinking about  buying a Boston condo for sale.Here's a look at the latest expert insights on both mortgage rates and home prices so you can make your best move possible.

Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before.And while there's some debate around whether we're officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly.

Real estate is famously all about "location, location, location," so The Boston Real Estate Blog crunched the numbers to determine which downtown Boston locations were home to the most expensive listed real estate in 2023.Seaport dethroned Back Bay - as the highest listing prices of downtown Boston for the new year- for the city's highest average listing price for 2023, according to myanalysis of presently listing transactions filed in MLS for March 1, 2023.

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

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.

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.

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.

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.

The President's 2023 budget currently includes some proposed tax changes to the 1031 exchange benefit.The proposed changes, if passed, could limit 1031 exchanges to an annual maximum deferral of $500,000 per person.This means that if you sold a rental property for a $800,000 taxable gain, a 1031 exchange may only help you defer up to $500,000 of that gain and the remaining $300,000 could be taxable in the current year.

Is the home sales picture actually improving?Pending home sales improved in January as more buyers returned to the market at the start of the year.According to a new Redfin report, January pending home sales had their smallest year-over-year drop in more than three months - falling 26.2% in the four weeks ended Jan. 22.

Still a sellers housing market?Some say yes.Boston condos for sale.

Homebuyer sentiment ticked up for the second month in a row in December for residential home buyers.Fannie Mae forecasters on a 30-year fixed-rate loans peaked at 6.6 % through the fourth quarter of 2022 and will dip under 6 % by the primary quarter of 2023.In a Dec. 19 forecast, economists on the Mortgage Bankers Affiliation projected charges will fall under 6 % by the second quarter of 2023 and again into the 4 % vary in 2024.

The supply of Boston condos for sale as measured in months has been low for almost a decade.After what I hope was our all time low of a months supply in April of 2021, the supply has been slowly rising.The seller's market remains strong but may be weakening as we turn the calendar to 2023.The sellers market remains strong but may be weakening a bit due to higher interest rates, inflation and maybe because downtown Boston condo are so expensive.

Let's talk about Boston condo offers or a lack thereof.There's a big difference between low offers, and no offers.If you are getting low offers, at least you're in the ballpark
In this environment expect that Boston condo buyers will want a discount.If its for repairs expect it will be 2x the actual cost of repairs/improvements, because it will be a hassle for them too.

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 condominium sellers and agents need to decide on a pricing philosophy.Do you price it high, and hope for the best?Or do you price it attractively and sell it promptly?During the Covid, pricing high was recommended because you couldn't go wrong - everything was selling, and the worst case was settling for list price.

There's no denying mortgage rates are higher now than they were last year.And if you're thinking about buying a Boston Seaport condo, this may be top of mind for you.That's because those higher rates impact how much it costs to borrow money for your home loan.As you set out to make a purchase this winter, you'll need to be strategic so you can find a home that meets your needs and budget.

I'm not a good cook.There, I admit it.But when I sold a close friend a Boston high-rise condo.I invited her to dinner, which my girlfriend wasn't too happy about.I really wanted to put my best culinary foot forward.At dinner my Boston condo client complimented me on the meal.Until she asked my girlfriend to pass the gravy.

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 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.

Last night, I was watching TV and I saw a commercial about how to learn a foreign language the commercial was about this app called Babbbel.The commercial on learning a new language reminded a me of when I hosted a dinner party, I lived in my Beacon Hill condo at the time.I was hosting a German family that I just sold a Boston Seaport condominium to.

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.

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.

The stress of buying a Boston condo can be all-consuming, but it doesn't have to be.With the holiday season in full swing, home buyers looking for a Black Friday deal might want to shop on Thursdays.That's the day of the week when sellers are most likely to slash their list price, according to new research from Zillow.

Sellers rejoice!More applications mean more Boston condo buyers!(Photo Illustration by Steven Dilakian for The Real Deal with Getty) For months, mortgage rates rose with no end in sight, and potential homebuyers backed off.Now the reverse is happening.The average rate for 30-year fixed-rate mortgages fell for the second week in a row to 6.67 percent, according to the Mortgage Bankers Association.

Boston condos I'm visiting my parents in New York.Predictably, the conversation turns how the Boston condo market is doing, and observations about what's going on in the market, now and in the future.Boston condos In case the subject comes up at your Thanksgiving, here are things we discussed:

     
Boston condo sales are down, but they aren't zero - and what's selling tend to be the spectacular homes that are priced attractively.

I hired a new Boston condo agent who was in his early 60's, retired and just started a second career in real estate.However, he just couldn't seem to get to his Boston condo showings on time.Every day he was 5,10,15 minutes late.However, he was a good worker, really clever, so I was in a quandary about how to deal with his tardiness.

There are three types of sellers:

     Sure, I'm motivated.... if I get my price.I'll sell for what the market will bear.Desperate.Unless your Boston condo for sale is a real trophy property, this isn't the market that tolerates aspirational Boston condo sellers.For those who will only sell if they get their price - you should wait this out....and it could take a while.

Boston condo mortgages The jumbo rate above is 6.1% at no points, which means you can get into the mid-to-high 5s with the Boston condo buyers  or sellers  paying a point or two.With the discounts already in place in some areas, and last week's drop in the mortgage rates, this might be the best combination of discounts/declines that we will see in the next 1-2 years.

A report from the Federal Reserve Bank of Dallas is adding to the chorus of those predicting a big downturn in home prices.Boston condos for sale Home prices in the country could fall 15 to 20 percent in a "pessimistic" scenario, according to the report  published Tuesday.If that correction happens, it could remove 0.5 to 0.7 percentage points from consumer spending.

Once upon a time a psychology professor walked around on a stage while teaching stress management principles to an auditorium filled with students.As he raised a glass of water, everyone expected they'd be asked the typical "glass half empty or glass half full" question.Instead, with a smile on his face, the professor asked, "How heavy is this glass of water I'm holding?"

The other day, I had showings scheduled for Boston Back Bay condos for sale.My client informed me that she was a few months pregnant, as we were walking down commonwealth Ave. this conversation took place:
Boston condos for sale Back Bay client: "John, how far is the next Back Bay condo showing?"
Me:  "One block, is that too far of a walk?"

Sometimes I have unusual dinner conversations with my fellow Boston condo brokers and their families.Let me provide you with an example.Over the weekend, I was at a brokers Boston Seaport condo, the conversation came up about a vintage car that one of our Boston condo broker friends just bought.The conversation evolved into what the word "vintage' meant.

Boston condo interest rates are higher than they've been in recent years.But it's a good time to take a step back and consider where rates have been historically-and what your alternatives are for navigating the current market as a buyer.The last time 30-year fixed rates were above 6.5% was in 2008.

Here's some good news for Boston condo buyers, mortgage rates dropped.Boston condo mortgage rates It sure seemed like there was plenty of extra buffer built into the recent mortgage rates.With the CPI report coming out more favorable than expected, the markets reacted - and boom, a half-point drop!If Boston condo buyers get the feeling that both rates and prices are coming their way, it should keep them looking.

Boston condos Did you know that a garden gnome is a sign that the homeowner is a swingers?They do say no one knows what goes on behind closed doors - but is your neighbor giving out secret clues that they're a swinger?Yesterday we told how sales of garden pampas grass have plummeted because it's believed to be a secret signal that swingers live in the home it belongs to.

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(Illustration by Shea Monahan for The Real Deal with Getty)
It's witching hour in Salem and one real estate developer on the losing end of a trial is going to have plenty of time in the clink to reflect.condos His name is George Kritopoulos and he was sentenced to four years in prison for his role in a  decade-long mortgage scheme, according to the Justice Department.