Not sure what to expect in 2014? Lucky for you I’ll share a brief of my expertise of what I think the Boston real estate market will be like. For more in depth predictions or questions feel free to comment or email me directly 🙂

Good news: I believe the market will be similar to 2013, so buyers will have an idea of what to expect. Thus, making it a little less frightful to jump into the market for first time home buyers. It is also believed that interest rates will continue to stay at an all time low (around 4.5%). No one can predict the future, so why not lock in that low interest mortgage rate now?

Not as good news: The market will still have a competitive nature, meaning more buyers than there is inventory. For buyers, this is the unfortunate result of supply v. demand (for all you econ majors) because this can mean bidding wars and sometimes not necessarily getting the first property you put an offer on.

To end on a positive note,  this means prices will most likely steadily rise (yay for sellers!). It also suggests the Boston market will continue to prosper making it less of a risk as an investment for future resale.

Contact Meredith today for more information or to set up an appointment.