Are you currently
renting and wondering if now is a good time to buy a home in Boston?
The Boston real estate market is
in good shape and is expected to continue to rise upward through
2017. The same can be said of the rental market. Rentals are booming – for the
landlord. The Consumer Price Index (CPI) was released by the Labor
Department last week. An analysis by Market Watch revealed the cost of rent was 3.8% higher than a
year ago for the second straight month in June. That’s the strongest yearly
price gain since 2007!
Boston rents are expected to
continue to climb throughout
this year and the next. Home prices and mortgage rates are also expected to
rise so it doesn’t make sense to wait another year to purchase a home in Boston
as you will pay more in the long run.
Bottom Line.
Buying a home now before your rent rises makes sense financially. If you are
one of the many renters out there who would like to evaluate your ability to
buy this year, meet with a Boston
real estate professional who can help you find your dream home.
When you are ready to purchase
a home in Boston, contact
an experienced Boston real estate
agent. I am 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 hope to speak with you soon!
Lucas Garofalo
Keller Williams Realty
(617) 861-3631
Lucas@LucasBostonHomes.com
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