As we
approach the end of July, and summer is winding down, it seems a bit
far off to think of the end of the year. But, we are now more than
half way through 2014, there are only 5 months remaining this year. Forecasters predict some changes on the real estate front in 2015.
If you are looking to buy
a Boston home, don't delay, NOW is the time. Why the rush
to buy before the end of 2014? Read on...
Prices are still not at their highs
Sure,
home prices are higher now than during the crash in 2008, but, they
are still lower than the peak we had in 2006. According to the
S&P/Case-Shiller Home Price Index the average prices of a home
are currently at summer 2004 levels. If you buy now and take
advantage of today's pricing, you may see significant appreciation
over the next few years.
Interest rates are still rising
As the
Federal Reserve concludes its economic stimulus program we can expect
the interest rates to continue to slowly rise. Even a small bump in
interest rates can significantly bump up your monthly mortgage. The
longer you wait, the more you will pay for your dream Boston
home.
Rental prices are on the rise
Boston
rental prices are continuing to rise and will likely do so throughout
2015. If you are ready to plant your roots in our great city, why not
invest in a Boston
home of your own? When you own your home, you grow your own
equity instead of your landlords.
When
you are ready to purchase your Boston
home, look to an experienced Boston
real estate agent. I'm
committed to providing you with the highest quality buyer service.
When making the type of investment that buying a home requires, you
deserve to have all the latest market information and the very best
advice, both of which I can provide you with. I am always here should
you have a question on a Boston,
MA neighborhood such as South
End, Fenway,
Beacon
Hill, or any other. I hope to speak with you soon!
Lucas
Garofalo
Keller
Williams Realty
(617)
861-3631
Lucas@LucasBostonHomes.com
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with me:
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