Boston Condos for Sale and Apartments for Rent
Will Boston condo buyers back out of deals?
Regulators shut down Silicon Valley Bank last week, sending shockwaves through the technology and banking sectors. Signature Bank followed suit two days later, with regulators closing the bank and assigning the Federal Deposit Insurance Corporation as receiver on Sunday.
The failure of Silicon Valley and Signature banks have set off some nerves across downtown Boston
Though the concerns of Bostonians may pale in comparison to those in the Bay Area, news of the banks’ implosions has taken up residence in the minds of brokers, buyers and sellers in Beantown.
Some opportunistic buyers are using the concern of a potential wider economic worries to haggle with sellers, Compass pointing to a recent listing that got an offer 15 percent below the ask.
