The coming recession is a huge topic right now and lots of people are wondering about the effect on downtown Boston real estate prices. What’s going to happen to the housing market? Will we see a Boston condos for sale crash? Here are a few thoughts:

Not all Recessions are the same:

The collapse of the economy during the last recession is not how every future recession and housing market will unfold. I’ve heard things like, “I’m so ready for this recession because I’m going to buy Boston North End condo for sale low after values tank.” But prices don’t always crash during a recession.

Severity matters: 

It’s hard to think the Boston real estate market is going to be swayed much if it’s a quick recession. But if Beacon Hill condo buyers and sellers end up struggling financially and losing jobs, we can expect a greater effect on home prices (thanks Captain Obvious). The thing is we don’t know right now how severe of a recession we’re going to have, so that’s why we can’t say exactly what the downtown Boston real estate market will do.

Consumer behavior:

One thing we need to watch is consumer behavior. How will consumers think and act differently in coming time about their purchasing decisions? 

Locations aren’t the same:

It’s nice to see what national price metrics have done during various recessions, but national numbers can show a different trend than local data. The Boston real estate market is a lot stronger and stable then the national market as a whole.

What do prices do during a recession?

Sometimes prices have gone down and other times they’ve gone up during (or after) a recession. There’s not a one-size-fits-all answer. I If you’re looking for some historical data in your market, I suggest you check out the Freddie Mac Price Index.

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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