Boston condo mortgage interest rates have more than doubled in the last year. Presently, Boston condo mortgage interest rates are not at an all-time high but Boston condos for sale prices are and they continue to rise due to strong demand. The question is how long can this last?
Some economists are predicting that home prices will go down in 2023. Locally homes are selling but it appears days-on-market are rising. I’ll keep an eye on this to see if we will see price reductions as sellers can be impatient on waiting for offers on the Boston condo for sale
Historically higher interest rates cause a slowdown in housing appreciation.