Boston Condos For Sale Ford Realty

Lease-options – one way for buyers to protect themselves from lower prices

I’ve just been reading about something I had never heard of before. It’s called a “lease-option”. A lease-option is “an agreement between a buyer and a seller that allows the buyer to lock in the future purchase price, save money for a...

If home prices are too high compared to incomes, how low must they go?

Boston real estate - buying a home, mortgage loans

Why has the housing market cooled? Many say it’s because prices are too high, compared to household incomes. Many others say it’s because mortgage loan interest rates have increased, making monthly payments unmanageable for more and more people. So, what...

A buyer’s market? You should buy now, but be careful

Boston real estate - buying a home

Slower real estate market? If you’re thinking of holding off until things smoothen (?) out, well alright. If you are considering making a move now, congratulations. There are steps you should take to lessen the chance you’re overpaying, or, at least, to...

Mortgage rates rise, but buying a home still a wise decision, for most people

Boston real estate - buying a home, mortgage loans

Although buying a house or condo seems risky right now, to some people, it still makes sense, for most, at least according to this reporter from The Washington Post: It’s easy to get caught up in the upward scooting of mortgage interest rates. But take the...

At what price would you buy?

Boston real estate - buying a home

As everyone knows, condo prices in Boston and across the country have been increasing pretty much every month, over the past four years (and beyond). However, last month, for the first time in recent memory, the median sales price of condos in Boston actually dropped....

This is what you’re up against if you want to buy in the Back Bay

Boston real estate - buying a home

I wanted to know who lives in the Back Bay, how much money they make, and how much they pay for their homes (meaning, condos). I collected MLS sales data from 1999 – 2005 for condos sold in the Back Bay. MLS is not strict about what can be considered a...