Here are a few highlights from the July 2009 Real Estate Agent Survey.

  • The low end of the market is picking up driven by foreclosures, first-time buyers, and investors. Prices have fallen to the point where buying is often cheaper than renting, and the government’s $8,000 first-time-homebuyer gift is helping many people jump in. Investors are also leaping in–either flipping houses bought at auction or planning to rent for a few years and then sell. Prices are low, but velocity is high.
  • For those who already own houses, “affordability” is not a particularly meaningful measure of the health of the housing market, due to the fact these individuals are unable to sell the houses they already own. Housing bulls often point to record “affordability” as an argument that house prices are about to rebound. Affordability is certainly driving sales among first-time buyers, but it doesn’t help much in the existing-homeowner segment. Only 29% of current buyers (per the survey) are existing homeowners.

    I’ve embedded the real estate agent survey below.

    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



  • Call Now