The spring real estate market in Massachusetts so far is looking like a bust.

The number of homes and condominiums that sold in April plummeted and prices dropped as well, as the housing market showed no sign of shaking off its doldrums. Local agents say the slow start to the crucial spring season has several causes, from the sluggish economy to picky buyers holding out for bargains.

“A lot of buyers are out there, but a lot of them are very cautious. They look at a lot of properties before they want to negotiate. They are very quick to walk away,” said Ronn Huth, owner of Buyer’s Choice Realty in Wenham. The result, he added, is that “properties have been sitting for a long time.”

Many housing specialists were hoping this spring would be busier, spurred by low prices, mortgage rates under 5 percent, and a new $8,000 federal tax credit for first-time home buyers. But growing unemployment and corporate retrenchment have made some buyers skittish, while tighter lending guidelines have made it more difficult for some to get mortgages.

“The prices are low and the interest rates are low, but the banks aren’t lending,” said Aliza Dash, a real estate agent at Ford Realty Brookline. “I laugh and say, ‘Are you ready to get a blood sample to get a mortgage?’ ”

Read More: Boston Globe

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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