Boston Condo Search

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We have Boston real estate confusion when many of the signals are happening at the same time:

  1. Record-low mortgage rates.  Rates are so low, it feels like free money now.
  2. Beacon Hill condos sell quickly. Last month’s average days-on-market was 60 days.
  3. Record high vacant Beacon Hill apartments. Over 300 apartments for rent for Sept.
  4. Pricing is wildly optimistic, yet sales keep happening. The best sign of a frenzy is when the cops don’t seem to matter anymore.
  5. In the midst of a recession, record unemployment, and a 100-year pandemic, 
  6. Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just as a critical $600 weekly federal jobless payment has expired.
  7. Yet, prices for Boston condos for sale are keeping steady (price wise) or GOING UP!

The National Economy

This weekend I was confused by the wide range of observations regarding the economy/real estate market. For example some headlines from various newspapers over the weekend:

* Jobs loss record high
* Unemployment 11%
* Small business owners face credit crunch
* Worse unemployment rate since the great depression

Boston Real Estate for Sale and Beacon Hill Apartments for Rent

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