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Housing is tanking in the Northeast. Thank the tax cuts.

 
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Will slowdown in housing prices hit Boston, too?
Yes, market being driven by investors
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No, market being driven by job growth
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Other (please comment on thread)
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RealEstateCafe



Joined: 11 Dec 2007
Posts: 207
Location: Cambridge, MA

PostPosted: Fri Oct 26, 2018 1:06 pm GMT    Post subject: Housing is tanking in the Northeast. Thank the tax cuts. Reply with quote

Housing is tanking in the Northeast. Thank the tax cuts.
https://twitter.com/i/events/1055514827228012549
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PostPosted: Sun Oct 28, 2018 3:35 pm GMT    Post subject: Reply with quote

Boston will not be immune to the bubble that has been created by ultra low rates, easy lending and foreign money infestation. It's already showing evident signs of tanking
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bsg61
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PostPosted: Mon Oct 29, 2018 6:36 pm GMT    Post subject: Reply with quote

One can only hope.
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PostPosted: Wed Oct 31, 2018 2:50 am GMT    Post subject: Reply with quote

Anonymous wrote:
Boston will not be immune to the bubble that has been created by ultra low rates, easy lending and foreign money infestation. It's already showing evident signs of tanking


I'm not sure what you mean by tanking. Prices in the towns where I suspect
most people here are interested in will probably soften a bit.
How much of a price drop are you predicting?
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PostPosted: Fri Nov 02, 2018 2:04 am GMT    Post subject: Reply with quote

Quote:
'm not sure what you mean by tanking. Prices in the towns where I suspect
most people here are interested in will probably soften a bit.
How much of a price drop are you predicting?


Tough to guess. I'd suspect 10% min. 20% if all shit hits the fan(another 3 or 4 fed rate hikes, recession, SALT implications, etc). I think we'd be lucky if it were only 10%. Wouldn't doubt it if the market stays flat for a long time too after it adjusts. Economy here is maxed out. Real estate has risen to that peak level. I believe real estate all around the country will reduce. Here less than most. I fear a recession after that could keep the market sideways for a prolonged period.
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RealEstateCafe



Joined: 11 Dec 2007
Posts: 207
Location: Cambridge, MA

PostPosted: Fri Nov 02, 2018 2:43 am GMT    Post subject: Reply with quote

National Association of Realtors is in Boston for 1st time in 89 years, last was 1929 -- ominous, right?

Economic Forecast one of sessions in AM. Follow #NARannual on tweets.

Their chief economic has flagged this coming date with demographic destiny in the past, will see what he says tomorrow:

http://bit.ly/SrSellOff
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Bill Wendel
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BostonMarket



Joined: 01 Nov 2018
Posts: 5
Location: BOSTON

PostPosted: Fri Nov 02, 2018 10:32 am GMT    Post subject: Reply with quote

How high do you think the rates will go? This is my biggest area of concern as I'm on a variable rate.
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admin
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Joined: 14 Jul 2005
Posts: 1823
Location: Greater Boston

PostPosted: Fri Nov 02, 2018 11:37 am GMT    Post subject: Reply with quote

BostonMarket wrote:
How high do you think the rates will go? This is my biggest area of concern as I'm on a variable rate.


Why not lock in now? I don't know how high they might go, but the historical average is still much higher than where rates are now.

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