Boston condo for sale market is a big game of chicken
Boston Condos for Sale and Apartments for Rent
Boston condo for sale market is a big game of chicken
The beauty about this market is that Boston condo buyers don’t have to fight with the decision to buy now or wait. Because the inventory of quality homes is so thin, having to wait is baked in conclusion.
How often do Boston condo buyers see a property for sale that interests them? Once a month, maybe?
The higher mortgage interest rates go, the more Boston condo sellers will think it’s a bad time to sell – causing FEWER homes for sale.
The Boston condo for sales market is a big game of chicken,
It’s a big game of chicken, and you have to wonder if every buyer will get the memo to hold out. If renegade buyers keep paying retail for the premium properties, it spoils the whole idea of prices dropping.
Will higher rates cause better pricing on the Boston condos for sale?
Don’t ask Jay Powell Chairman of the Federal Reserve, because he doesn’t know. He said:
We are well aware that mortgage rates have moved up a lot. And you are seeing a changing housing market. We are watching it to see what will happen.
How much will it really affect residential investment? Not really sure.
How much will it affect housing prices? Not really sure.
Thanks Jay that helps Boson condo buyers a lot – Now what are Boston condo buyer suppose to do.
My thoughts, if you find a Boston condo for sale that meets your criteria go for it. If not, just wait and don’t be pressured to rush
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