Boston Condos for Sale 2021
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When is the Boston housing market going to crash?
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Boston Condos for Sale 2021
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When is the Boston housing market going to crash?
The Boston real estate market is running out of control. A growing number of experts have been warning the Federal Reserve has been artificially inflating Boston downtown condo prices with mortgage rates at historically low levels, enabling prices to reach unprecedented highs.
However, things are becoming increasingly unsustainable and the threat of a housing market crash of epic proportions is looming on the horizon.
The remarkable surge in home prices and household debt have deteriorated the Housing Affordability Index, which measures whether a typical family makes enough income to qualify for a mortgage loan on a typical home at the national and regional levels. The expanding gap between home prices and affordability is a clear sign that the housing market is in dangerous bubble territory, just as seen during the previous housing boom.
