Higher rates lower affordable Boston condo inventory

Some bad news, everyone is talking about how mortgage rates are in the 7s and soon can be in the 8s which is causing a lack of affordability, but I have bad news for those who still want to buy.

There probably won’t be many homes for sale as we approach Thanksgiving.

It will only take one or two headlines about the Boston condo for sale market being crushed by high rates to cause potential sellers to pack it in until “the market gets better”.

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Boston condos