Beacon Hill condo buyers: Don’t lose hope when the sun goes down, the stars come out
Prospective Beacon Hill condo buyers who are confident that their income will remain consistent throughout this crisis now find themselves in a good position.
The Boston real estate market is likely to weaken as a result of the coronavirus, lowering real estate prices and benefiting some buyers.
As well as this, interest rates are low and are likely to remain so for the foreseeable future. Borrowing is therefore affordable.
However, the effect is less positive for those who have lost their jobs, or who are in danger of losing it. For those uncertain of their earning potential in the near future, buying a Beacon Hill condo may have to wait.
If you are in a position to buy, but are wary of spending too much time in public, use this time to do online research and take virtual tours of Beacon Hill homes