growth in us home prices and household incomes

Boston real estate prices and income

One metric that  could be a sign of trouble for the Boston real estate market is the gap between the rising Boston condos for sale prices and household income—as shown in the left-hand shaded circle above. When income can’t keep pace with Boston real estate prices, the latter must come down. Over leveraged Boston condo “owners” default on their mortgages, creating a housing glut that drags prices down further. 

So when trying to gauge when the current Boston real estate expansion might come to an end, it is worth keeping an eye on the gap between home prices and income. 

The good news the fed’s downward pressure on interest rates is keeping this Boston real estate expansion chugging right along, However, I’m a little concerned about the 2020 Presidential Election and how the markets will react as we head into the new year with the uncertainty who our next President will be.

File Under: Something to think about

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Author Profile

John Ford
John Ford

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.


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.


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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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