Boston Realtor Mike Mahoney
Michael Mahoney
617-615-9435617-615-9435

Posts Tagged ‘Housing Market’

March Boston Housing Market

May 8th, 2019 by Michael Mahoney

March Boston Housing Market

Boston, MA, — Sales of single-family homes saw a boost, while condominium sales softened in March in Greater Boston amid an increased inventory and appreciating home values, according to data issued today from the Greater Boston Association of REALTORS® (GBAR).

 

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Michael Mahoney
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eXp Realty
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617-615-9435

 

     

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Fannie Mae: Housing market will stabilize in 2019

January 22nd, 2019 by Michael Mahoney

Fannie Mae: Housing market will stabilize in 2019

After multiple rate hikes brought volatility into the housing market, 2019 should see things stabilize as the pace of rate increases slows, according to researchers at Fannie Mae.

In its 2019 Economic and Housing Outlook, Fannie’s Strategic Research Group said it continues to predict a slowdown in economic growth in the year ahead, projecting a 2.2% decline in growth that it attributes mostly to decreased consumer spending.

But researchers also said that the Federal Reserve’s “dovish” stance on rate hikes in 2019 will help stabilize home sales. They predict only one rate hike in the year ahead.

Considering these projections, the group defined its theme for 2019: “The economy’s slowing, the Fed slows, housing plateaus.”

Researchers said they expect mortgage rates to change little in the year ahead, continuing to hover in the 4.5% range, which they said will allow homebuyers to adjust to the new rate environment after last year’s volatility.

See the Full Article Housingwire

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Michael Mahoney
Boston Realtor with eXp Realty
617-615-9435

Reviews

5suzannechapman1208

I selected Mike after having a very unsuccessful experience with a previous broker. He had excellent ideas in helping to sell my house and continued to advertise it with a fresh perspective. His experience helped in a number of ways and I only wish we had... (more)

5goodlife99

This is the second property I have sold in Weymouth MA with Mike as my broker. He research the area and give you all the information you need to decide what to list your property for, so it sells timely. He also helps review and negotiate all offers and is... (more)

5SullyLemmons

We had been trying to sell our condo for well over a year and decided to give Mike a shot at it as he came well recommended. It was not easy for him but he persisted and had success. Even though it wasn't a big sale or profit for him, he acted as though it... (more)

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