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Welcome to 2024! Thoughts on Boston Real Estate Moving Forward

 

Welcome to 2024!

  • Interest rates are beginning to fall a bit, and it looks like the economy may be coming in for that soft landing. Look for interest rates to continue loosening somewhat . 
  • Buyer demand has been strong, and we think that will continue and even increase as folks get back into the market.
  • Supply has been tight, but we think that it inventory will increase enough to make a difference. As interest rates soften, we think more sellers will begin to consider their next move.
  • Prices will continue to increase, but possibly on a more predictable slope.
  • Tax relief in MA: $1B in tax cuts will provide a bit of stimulation to the real estate market.

We run our market reports every two weeks, so you can get an almost up-to the minute view of what's happening around town. Take a look!

Thinking about your next real estate move? I'm very happy to answer all of your questions and to assist you with the experienced guidance you need! joe.wolvek@gibsonsir.com (617) 584-9790 

Joe