Boston Condo for Sale Market and the Trump Slump
Boston Condos for Sale and Apartments for Rent
Boston Condo for Sale Market and the Trump Slump
The Boston condo sales market has been pretty slow in January and so far February has been about the same. Boston condos are selling but more slowly than they did a year ago. There are fewer condominiums on the market as homeowners prefer to stay put instead of moving up to a higher mortgage interest rate.
Boston Condo Mortgage Interest Rates
Mortgage interest rates decreased slightly but the Federal Reserve isn’t interested in rate cuts. Inflation is more likely to go up at this point than down due to tariffs which will drive prices up. I fear we may be headed toward what I will call the “Trump slump” because I don’t like the “R” word. I hope I am wrong.
A year ago mortgage interest rates were at 6.64% and went up to 7.22% in May of 2024, according to Freddie Mac. The low for 2024 was in September at 6.04%
