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Experts don't think real estate market will tank in 2019
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RealEstateCafe



Joined: 11 Dec 2007
Posts: 226
Location: Cambridge, MA

PostPosted: Sun Jan 20, 2019 11:09 pm GMT    Post subject: Reply with quote

Anyone homeowners watching this thread and trying to time the housing market? What do you make of this article in USNews & World Report:

Why You Should Sell Your Home in 2019
Housing markets may not be as hot as previous years, but selling now could be your best bet

https://realestate.usnews.com/real-estate/articles/why-you-should-sell-your-home
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Bill Wendel
The Real Estate Cafe
Serving a menu of money-saving services since 1995
97a Garden St.
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dony_b



Joined: 10 Jul 2018
Posts: 2
Location: Boston, MA

PostPosted: Wed Jan 23, 2019 7:19 pm GMT    Post subject: Reply with quote

Well it depends on the price range really. Anything over 1.5 the market is already taking a hit from not only from over development but also from foreign buyers jumping ship.

A 526 sqft studio was going for $639,900
https://www.trulia.com/p/ma/boston/319-a-st-404-boston-ma-02210--2174999693

Look at new buildings like Pier 4 going for $3850 per square foot.
https://highriseboston.com/buildings/pier-4-condos/

At some point these owners and developer have to get realistic and bring them down closer to their actual value.
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PostPosted: Sun Mar 31, 2019 3:54 pm GMT    Post subject: Reply with quote

Quote:
Another factor slowing home sales — especially on the higher end — is President Trump’s Tax Cuts and Jobs Act, according to Saiz. The law, signed into law a year ago, limits the mortgage interest deduction for many homeowners who purchased after it was passed. The more expensive the home, the harder the change hits.

Who would have thought that. Back in 2016 I saw some predictions
Quote:
While he has voiced a desire to close tax loopholes, his tax plan intends to leave itemised deductions for home mortgage interest alone. Some critics have expressed concern with regard to this policy. “Since the mortgage interest deduction tends to benefit the wealthy, many believe that it is ultimately inadvisable for national policy makers to forego these kinds of taxes in order to ease the lives of the very people who can most easily afford mortgages”

https://tranio.com/articles/what-trumps-victory-means-for-the-us-property-market_5219/
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WINSTON



Joined: 17 Aug 2019
Posts: 1

PostPosted: Thu Aug 22, 2019 9:27 am GMT    Post subject: Reply with quote

The real estate business sector has commonly not been influenced by estimating rises as other resource markets. That is a direct result of the huge exchange expenses related with acquiring a home, also the conveying expenses of owning and keeping up a home demoralize theoretical conduct. Be that as it may, lodging markets do experience times of nonsensical extravagance.
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RealEstateCafe



Joined: 11 Dec 2007
Posts: 226
Location: Cambridge, MA

PostPosted: Sat Sep 07, 2019 2:47 pm GMT    Post subject: Reply with quote

Looks like at least one real estate expert is updating his forecast. If you're househunting, or know someone who is, how are you / they updating their own? Anyone want to meet OFFLINE to discuss blog post below?

FLASHBACK: #BiddingWars plunge in Boston, #BiddingWarBacklash next?

Will haunting headlines & hurricane cause rough surf for 1st Fall Open Houses in #BosRE?

Price reductions, concessions by Halloween? http://bit.ly/BidWarPLUNGE_3Q2019
_________________
Bill Wendel
The Real Estate Cafe
Serving a menu of money-saving services since 1995
97a Garden St.
Cambridge, MA 02138
617-661-4046
realestatecafe@gmail.com
http://realestatecafe.com/blog
http://twitter.com/RealEstateCafe
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