I don’t see a collapse on the horizon….., but I disagree that things will continue to grind higher indefinitely.

I see a correction coming. Say whatever you will about under agreement versus inventory, it’s still noticeably slower than last year. The difference is this year those pending homes had a lot less bidding wars, a lot more concessions, and are going for much closer to, or in many cases, below asking. Just as Redfin noted, Boston bidding wars all but disappeared. Conditions are perfect for housing and things should be better. The reason they aren’t is prices are too high, demand was pulled forward.

If the deceleration continues, or if rates rise, or if unemployment rises, any one of those chips fall, prices will retract a little. I see inflation adjusted 2015 prices as a real possibility in the event of a mild recession.

Source: Wolf

Back to the Boston real estate homepage

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