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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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RealEstateCafe
Joined: 11 Dec 2007
Posts: 234
Location: Cambridge, MA
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Guest
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 Posted: Sun Oct 28, 2018 3:35 pm GMT Post subject: |
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| 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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| Posted: Mon Oct 29, 2018 6:36 pm GMT Post subject: |
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| One can only hope. |
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Guest
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| Posted: Wed Oct 31, 2018 2:50 am GMT Post subject: |
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| 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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Guest
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| Posted: Fri Nov 02, 2018 2:04 am GMT Post subject: |
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| 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: 234
Location: Cambridge, MA
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| Posted: Fri Nov 02, 2018 2:43 am GMT Post subject: |
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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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BostonMarket
Joined: 01 Nov 2018
Posts: 5
Location: BOSTON
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| Posted: Fri Nov 02, 2018 10:32 am GMT Post subject: |
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| 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
Site Admin
Joined: 14 Jul 2005
Posts: 1826
Location: Greater Boston
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| Posted: Fri Nov 02, 2018 11:37 am GMT Post subject: |
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| 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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