REALITY CHECK: Will Boston Real Estate Crash in 2024? | Moving to Boston | Living in Boston
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- Опубликовано: 14 июл 2024
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Welcome to my latest video where I delve deep into the true state of the housing market in Boston, Massachusetts. With over 7 years of experience as a local real estate agent, I bring you firsthand insights, debunking sensationalized news and focusing on what really matters in our local real estate scenario.
In this video, we dissect the complex dynamics of the housing market, looking beyond the headlines to understand the local nuances that shape real estate trends in Boston and surrounding areas. From school districts to public transportation and walkability, we explore the factors that drive the market in our unique Eastern Massachusetts context.
Whether you're planning to buy or sell in 2024, this video offers valuable guidance, helping you navigate through market predictions and understand the impact of various factors on property values. I share my perspective on strategic buying and selling, emphasizing the importance of location and quality of life in your real estate decisions.
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Mike Urban, Boston Realtor - License #1000776
eXp Realty Boston
Looking for a Realtor in Massachusetts? Text/Call Me - 617-686-9299
Just got looped into your videos, enjoying the info so far! Playing with the idea of selling the sfh and getting a small condo in the city, your condo video was very helpful! -Your town neighbor in Reading :)
Thanks for checking it out ! Parts of the city are seeing a rise in inventory. Depending on the neighborhood in Boston, you can do really well. Esp. since you're selling in a competitive market with a SFH and buying a potential condo in a location with higher inventory. Send me an email and we can set something up! I'll be back from a little vacation later today mike.urban@exprealty.com
Your video editing quality is awesome.
Thank you
I do the same Zillow search every couple of days. 700k-1M, 3 bed, 2 bath, single family homes, Greater boston just up to and around the I-95 loop. 55 homes last month....40 homes this morning. Have you ever seen inventory so low?
Other than last year, I've never ever have seen inventory this low. I'm really hoping it will pick up because as you know, prices just keep on going up and everything is becoming unaffordable.
It sounds like in Massachusetts it's either a bad time to buy or a bad time to buy. Around here, it was an especially bad time to buy in 2021. It hasn't really changed much over the past 2 years.
There's never really a 'bad' time to buy property, but perhaps to sell. Consider that those who hesitated to purchase a year ago missed out on significant value appreciation. It's a common pattern of hesitation. Essentially, you can buy during a seller's market, where the market is appreciating, or during a buyer's market, where it's depreciating. The right time depends on each person's unique situation, including their budget, timeline, and other factors.
Great Video Man! How much do you suggest I should try to save up before I can make my first investment?
Thanks for watching! 🙏 Honestly depends. If you Don't currently in a home, your initial investment should try to be a two or even a 3 unit where you live in one side and rent the others. You're buying is a primary residence, but you're also taking the benefits of collecting income from the other units. Is that an option?
Im tired of wasting 3k/month in rent for an apartment I will never own 😢. But at the same time, I refuse to live outside of Boston, so F me 😅
This is a crossroads we all have faced lol