There’s an interesting article in today’s Boston Globe entitled: Hopeful home buyers find demand is up, supply down. The artilce is about how many would-be home buyers are facing unexpected concerns: not enough homes for sale and high demand for many that are available. For example, there were 781 condominiums available for sale in downtown Boston in December, an eight-year low, according to the Listing Information Network, a company that tracks the downtown condo market. The low supply of inventory is actually causing bidding wars in some commmunities.

The following is an exceprt for the Boston Globe: For sale, but not for long.

Buyers also are spurred by worries that interest rates, which have been hovering at about 5 percent for a 30-year fixed mortgage, will increase this spring after the Federal Reserve halts its purchase of mortgage-backed securities. In addition, there are signs the state’s housing market is on the mend, meaning prices may not go any lower. Home values in the Boston area have increased 5.6 percent since last March, according to Case-Shiller. Sales have increased for six months in a row, compared with the same month a year before, according to Warren Group, a private company that tracks local real estate.

What are your thoughts? Do think there’s a low supply of inventory? If so, do you see real estate prices rising in the near future?

File Under: Did we hit bottom?

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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