As the first quarter of 2023 comes to a close, the housing market is a topic of discussion for many. One question that keeps coming up is whether the higher interest rates have impacted housing prices, and by how much. In this market update, we will explore this...
The answer to this questions is going to greatly vary depending if you're a buyer or a seller. Let's start with home buyers. This is not 2008, and even if it was, condo prices in Boston's back bay increased 37.5% from 2007 to 2010 according to data from MLS....
A common question first time home buyer ask me is: How long does it take to purchase a property. Here in the Boston real estate market the average timeline from accepted offer to signing closing documents is six weeks. Sometimes sellers may want to extend the closing...
This was the second purchase in two years for Tom and Lisa (not pictured). The property had been under contract two times before we went to see it, and instead of being scared off, we had a conversation with the listing agent about what happened. Turns out both times...
As we wrap up the first half of 2022, I've been having a lot of conversations with clients about the market right now so thought I'd provide a quick update of what we might expect in the next 18 months. The above graphic shows that Fannie Mae (one of the biggest loan...