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Today we're talking about my belief that the spring market was going to carry over into the summer. If you were looking to buy or sell a home in Boston and were under the impression that your window was closing, I have some great news for you.
Recent surveys say that the market will continue to be strong, carrying over from the spring market and into the summer. Also, consumers' perception of real estate is increasingly positive (77% had a positive outlook, which is a 12% increase from last year). In fact, 70% of consumers believe that this spring was a great time to buy and sell real estate because the economy is improving. I believe that trend will continue throughout the summer.
What really makes me happy is that same survey reported an 8-point jump in the number of people who plan on buying sooner rather than later. This jump may be due to the fact that interest rates are expected to increase by 2015, which would significantly lower the affordability of homes for consumers. So, if you're thinking about buying in Boston, now is the time to do so.
If you have any questions about the Boston Metro real estate market, please don't hesitate to contact me or my team. We'd love to help you buy or sell Boston real estate.
