The holiday season is finally here. We think. Unless it’s 70 degrees again next week. Which it could be, but it also might snow. Basically, don’t put away the shorts but get out the boots and holiday lights just in just in case.
Whether you are talking about the weather or real estate, some things are just difficult to predict.
The good news is, we have the benefit of perspective based on historical trends and data which can help guide us through changing real estate times.
In today’s world, interest rates have been a driving factor in the great leveling of the real estate market. While interest rates rose to 7% in 2022, it’s important to keep in mind that is still below the historical average of 8%. And way below the highest average rate of more than 16% in 1981.
So, if you are thinking of buying and you can afford the home you’ve been searching for, it makes sense in the long run to do so. If you’re thinking of selling, Greater Boston real estate remains competitive with home values holding strong.
If you’re interested in learning about buying or selling in today’s market conditions, just reach out anytime (or season).
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