There is both positive and negative signs that Pres. Trump presidency could impact our Boston condo market in 2018

Lets start with the negative first. For starters, interest rates went up the day he won the election and continue to rise; rates are already a half point higher than they were pre-election. They are still low by historical standards, though. But I see interest continuing to rise in the near future, which makes borrowing more expensive. Short term we may see an increase in Boston condo sales as those buyers sitting on the fence jump into the market before rates continue to increase.

Secondly, I’m hearing some protectionist rhetoric as far as keeping jobs in America through policy, taxing, and penalizing companies for sending jobs outside the country. Don’t get me wrong—I love that we’ll have more American jobs, but you must understand that this rhetoric can very easily turn into inflation beyond the normal levels. I’ll be watching this very closely.

On the positive side for the Boston real estate market:

If Trump starts to do away with what he sees as liberal policy and attempts to dismantle the Dodd-Frank Act. Just as a reminder, this bill was the response to the real estate crash in 2008 and as a result implemented numerous regulations into the financial markets. In my opinion (and by most of the people in the Boston real estate industry) it was really far-reaching and over the line. Its intent was good, but it went so far that Trump is targeting it to take it a part as much as possible. He probably won’t be able to abolish it entirely, but he’d like to make it as much of a shell of itself as possible. As a result, it may make it easier to obtain a Boston condo mortgage. Time will tell. (Please note, I’m not advocating any of these positions, I’m just informing you what the impact my be as it relates to the Boston real estate market).

As stated above, I see looser lending enter into the marketplace later in 2018. We’ll have to watch and see if looser lending also goes over the line. Can it get to the point where it makes sense, and then goes beyond that point? I want to be clear that I’m not predicting that we’ll see the same thing as we did in the last real estate crash. Looser lending will, however, could lead to more distressed real estate later on once buyers start to default on loans.

If you have any questions about the Boston condo market or you’re thinking about buying or selling a home, give me a call or send me an email. I’d love to hear from you. I can be reached at 617-595-3712 or via email at realtyford@yahoo.com

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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

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