Back Bay condo broker: it’s time to Party.
A Back Bay condo agent tweeted (X) Minions dancing with the tagline: “It’s time to PARTYYYYYY!” shortly after Federal Reserve Chairman Jerome Powell announced that the Fed was keeping interest rates unchanged, and signaled it would make three 0.25 percentage point rate cuts next year. Back Bay condo broker it’s time to Party
“We are back baby. LFG!!!!!!” reads another tweet from Boston Seaport condo broker, who focuses on high-rise condo sales and investment land sales. (LFG stands for “let’s f**king go.”)
The sentiment changed almost overnight.
Boston high rise condo construction
The Fed news could help “top tier” Boston condo developers get lower rates on construction costs.
More than anything, the expected cuts are a sign of improving — not worsening — conditions. That could result in a boost of sales and financing in the second half of next year, brokers and attorneys say.
The Boston condo for sale market has been somewhat insulated from headwinds compared to other U.S. markets since the Fed began hiking rates in the spring of 2022, but Boston condo for sale volume is down.
Where is Ford Realty Located?
Ford Realty is located in 137 Charles Street in Beacon Hill
Updated: Boston Real Estate Blog 2023
Click Here to view: Google Ford Realty Inc Reviews
Updated: Boston Condos for Sale Blog 2023
John Ford Boston Beacon Hill Condo Broker 137 Charles St. Boston, MA 02114
Source: The Real Deal