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Is it too late to say 'Happy New Year' in mid-February?! After 3 years that felt like they blended together, I'm thrilled that this New Year really feels like a new year. The real estate industry is starting on a positive note: rates are coming down, inventory is growing and people are ready for change. For some, 'change' might mean going from renter to homeowner. For others, it might mean selling a beloved but outgrown starter home, finding a "forever home" or just a fresh start. As you very well know, real estate is not all rainbows and butterflies. On the macro level, recent news about the housing market has been mostly doom and gloom. On the micro level, sometimes we have to guide dear clients, friends and loved ones through difficult situations. For every client who calls their real estate agent with exciting news (like a growing family or new job), one calls with bad news (like an ailing parent or impending divorce). So... what to do when the doom and gloom in the news feels scary, but your too-small condo is busting at the seams? ...When you're scrolling through articles about how impossible it is to buy a home, but then see a friend post that they're "#blessed to have found their dream home!"? ...When your mom, a realtor in your hometown for 30+ years, says "it's a great time to buy" but your weird uncle says "the market is crashing"? My answer: ask an expert (from YOUR community)! I personally love picking the brains of the experienced local pros here in Boston! This week, I reached out to respected lender and South End resident, Austin Reed of CrossCountry Mortgage. Keep reading to learn what Austin expects to see in the real estate market n 2024! ...and don't forget! You can always reach out if you want some input on your particular real-estate-related situation. As always, I'll be happy to listen, weigh in and point you in the right direction. |
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| 2024 Predictions and Commentary |
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"We’ve seen the market shift dramatically in the past couple of years, but the overall trend in the Northeast (and Boston specifically) is still the same: low inventory means buyers need to be overly prepared and to move quickly. Speed and certainty stand out to sellers. The best strategy we’ve implemented to help buyers compete: underwriting our clients before they submit their offers. This provides 100% certainty of their ability to close, and allows us to close loans in as little as 8-14 days when needed (which is similar to the speed of cash transactions). Pending home sales and inventory in the Northeast is lagging behind the rest of the US, with pending sales not only growing more slowly than the rest of the US, but actually declining recently. |
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Remember, real estate is a national talking point, but the trends are hyper local, which is why I always recommend getting in touch with a local expert." |
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| 2 Clarendon Street, Unit 404 |
| 1 BD 1 BA 655 SF $699,000 |
| This perfect condo is in a gorgeous, meticulously maintained landmark building on tree-lined Clarendon Street, right in the heart of the South End! This beloved building presents a rare opportunity for residents to enjoy a peaceful retreat at home while having the vibrant neighborhood's best restaurants, shops and amenities right outside their front door. Don't miss the unbelievable common roof deck with commanding panoramic views of Boston's skyline. |
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Want to see more homes before they hit the market? |
| Reach out to learn more about exclusive inventory and pre-market opportunities. |
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Maximize the value of your home with Compass Concierge. |
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| | melanie.olinto@compass.com |
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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. |
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