Real Estate Thoughts & Quotes for 2022

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Real Estate Thoughts & Quotes for 2022

How do you know when a Boston condo agent is getting old? When he’s cleaning his Boston condo and listening to music he use to drink to.

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Last year we saw an uptick in the number of people who moved. In fact, Boston condo sales were actually strong last year regardless of the Covid. I expect that trend to continue this year and that there will be more Boston condos for sale in 2022 than there were in 2021.

The seller’s market we have been experiencing for the last five years or so will also continue and strengthen. The construction of new housing has not kept up with population growth in the metro area.

Interest rates are likely to go up in 2022 to somewhere around 4%. The pandemic did slow home sales during part of 2020 but isn’t likely to have the same impact in 2022

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2014 American Express Spending & Saving Tracker

“About two-thirds (65%) of homeowners say they are confident they would get the asking price for their home if they were to put it on the market today (up from 40% in 2010).”

Financial Security Index Survey

“Eighty nine percent of Americans feel that buying a home is an important part of achieving the American Dream.”

“How America Views Homeownership” Survey

“Sixty eight percent of Americans feel that now is a good time to buy a home.”

Housing Confidence Index

“A two-thirds majority of renter households said that owning a home someday is a specific goal that they are determined to reach, or something that they think about a lot.”

Fannie Mae

“Homes have accounted for 23.5% of American’s wealth on average since 1959. That’s nearly double the proportion U.S. households and nonprofits have invested in stocks.”

Wall Street Journal

“A measure of owners’ equity as a share of the value of real-estate holdings hit 53.6% in the second quarter, up from 53.2% in the first quarter and below 50% a year earlier. For most Americans, a home is their biggest asset, so the growing level of home equity suggests improvements in the economy are now reaching more Americans.”

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Pet Friendly Boston condo for sale.

Pet friendly luxury condo for sale at the Ritz Carlton with price reduction.

Back Bay luxury pet friendly condominium with a recent price reduction.

Boston South End Condos pet friendly fro sale under $1,000,000.

Boston South End  price reduction for pet friendly property.

Downtown Boston Financial District luxury condo with a  price reduction dogs and cats welcome.

Boston Waterfront pet friendly properties with reduced asking price.

To learn more about the Boston pet friendly real estate market please feel free to call our office at 617-720-5454. You can also stop by our Beacon Hill office at 137 Charles Street, Boston MA.

Source: MLS

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For more information on how to be a Boston condo owner please contact John Ford at 617-720-5454. You can also email at realtyford@yahoo.com

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Updated: Boston Real Estate Blog 2022

Source: MLS