Access to the market through strict and tight credit guidelines as well as competing investors with cash on hand are two of the main reasons we are seeing less first time home buyers in the Boston Beacon Hill condo market.

According to the recent national survey,  the National Association of Realtors and Inside Mortgage Finance, shows that real estate agents reports that about 31 to 34.7 percent of buyers at this time are first time home buyers. The normal percentage should lay around 40 percent.

First time home buyers usually choose to go with FHA (Federal Housing Administration) backed loans due to the 3.5 percent down payment requirement but lately these loans have become more costly causing a lot of moderate income first time home buyers to stall the process of moving forward with a purchase of Beacon Hill Condos. Many may think that due to the low interest rates out there (for now)financing have become more affordable but according to the New York Times and their recent article “Fewer First-Time Buyers” today’s market is all about the availability of financing, not the interest rates.

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.


Back Bay

Beacon Hill

Charles River Park


North End

South End

Seaport District

South Boston



Surrounding Communities of Boston
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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