According to Boston Magazine in their annual "Best Places to Live" issue, the prices of housing in Boston have outpaced cumulative inflation rates from 2013-2023. In East Boston, the difference is staggering: it rose by over 96%.
Owning a home in Boston is one of the best — and safest — ways to build wealth. This is also a market that held its value during multiple dips in the housing market nationwide.
We all know the biotech and healthcare industries have invested heavily in Boston, with the numerous top-ranked universities in the area providing a large pool of high-end talent to recruit from, and that trend is only going to continue.
I encounter people all the time who wish they had bought before 2013, noticing how prices have gone up since then. And even those who did wish they'd bought more. Don't find yourself wishing the same in 2033.
And if you're waiting for rates to come down, by then it will be too late — part of what is driving the prices up is competition for these homes because of how low inventory is. When rates come down, the competition for these homes will only increase and you will find yourself paying a higher price to emerge as the winner.
The price is fixed; your rate is not. Lock in a lower price today while the competition is still sitting on the sidelines and re-finance when better rates are available — and you've already secured the perfect home.
The spring market has begun, so now is the time to get started — contact me for more information.
