I just found a great website.

The company, John Burns Real Estate Consulting, assesses the state of the US economy and grades it, then forecasts what’s going to happen over the next three months.

Pretty much, right now they see the US economy as ranking a “C”, although the real estate market is graded a “D”.

I think I read somewhere today that new housing starts in Massachusetts is at a 30-year low. This is either good news (er, I guess for those looking to sell?) or bad news (say, if you’re a construction worker, or someone hoping to buy a new home in three years and were expecting an inventory glut would work in your favor – sorry, not going to happen!).

The fourth quarter is going to be a very interesting test to see how well the economy holds up during the housing downturn. Based on our conversations with builders and trades from all over the country, construction is likely to slow much more than usual in the fourth quarter because of excess inventory (most communities have enough standing or under construction inventory to satisfy the current sales pace) and cash flow (generating cash flow and reducing debt are what most builders need to focus on the most).

Residential investment has fallen back to normal levels and we are highly confident it will fall below the norm this quarter. Let’s continue to hope that government, health care and technology businesses continue to thrive so economic growth continues.

More: Fourth Quarter Housing and Economy Forecast – John Burns Real Estate Consulting

Back to Boston condos for sale homepage

Contact me to find out more about Boston condos for sale or to set up an appointment call/text 617-595-3712.

Boston condos

Boston condos for sale

SEARCH FOR CONDOS FOR SALE AND RENTALS

For more information please contact one of our on-call agents at 617-595-3712.

Updated: 1st Q 2018

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

Comments

comments

Call Now