Boston condo brokers and the economy
Boston Condos for Sale and Apartments for Rent
Boston condo brokers and the economy
A mix signal with Boston condo brokers and the economy. One Sotheby’s agent told me he was slow for this time of year. Others, have told me their on pace with previous years.
The last local sales stats did show a decline in Boston condo sale transactions.
In the video below, the host feels that the housing market is stronger than expected.
Boston condo brokers and the economy
“The economy, stupid” is a phrase that was coined by James Carville in 1992. It is often quoted from a televised quip by Carville as “It’s the economy, stupid.” Carville was a strategist in Bill Clinton‘s successful 1992 presidential campaign against incumbent George H. W. Bush.
That saying, which helped former President Bill Clinton win the presidency in 1992, underscores how important a strong economy is to people’s livelihoods.
Unless you’re a Boston condo broker right now.
In that case, you may be hoping for signs of a weakening economy. That’s because a resilient economy encourages the Federal Reserve to keep raising interest rates in its quest to push inflation down to 2 percent. High interest rates depress the Boston condo for sale market.
Until recently the the belief among Boston condo real estate agent was that a strong market would emerge in the second half of 2023, However, the Fed recent statements have cast doubt on that rosy forecast.
