Beacon Hill buyers want to purchase before interest rates go up

by | | Boston condos

Beacon Hill condo buyers are trying to buy their small piece of Downtown Boston before interest rates continue to rise as we are expected to see slightly higher Boston condo prices on the horizon. According to the local news, rising interest rated motivate Buyers to purchase now 71 percent of home buyers believe that prices will go up in the next year. This is an increase of 10 percent compared to the third quarter of 2012 and an overall increase of 34 percent from the first quarter.

Even though we are experiencing a shortage of Downtown Boston Condos on the market many are buying now, and according to the article mentioned above, 38 percent wants to wait for more inventories to come along.

Its always tricky to say what the best way would be would it be better to buy now when prices are low or would it be better to wait for the increase of inventory but risking having to pay more.

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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