Here’s why you should buy a Boston condo in 2018:

According to recent Boston MLS over the course of the lasy year, Boston condo prices have increased by 6% in many Boston neighborhoods. At the same time. Boston interest rates have remained near historic lows, which in return has helped many Boston condo buyers entry into the hot housing market.

So what will 2018 being to the Boston housing market? Will prices continue to rise or head downward? One indicator is the MORTGAGE INTEREST RATE.

According to Mortgage Bankers Association, projections are that mortgage interest rates will increase over the next 6 months of 2018. how does this impact you as a Boston condo home buyer? Well, lets say you are a first time homebuyer and purchasing your first modest condo outside the Boston proper area and obtained a $250,000 mortgage. Lets say you obtained a 3.90 interest rate, 30 year fixed, that would be about $1,179.17 per month payment. Now if it goes to 4.60% next year that monthly payment would rise to $1,34185, an increase of over $160 per month.

Now is the time to buy that Boston condo dream home. Waiting will cost you more.

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Updated: December 2017

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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