"In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks and valleys of what's come before us is one of the many ways we can confidently evaluate any situation. With concerns of a global recession on everyone's minds today, it's important to take an objective look at what has transpired over the years"
"Today's market conditions are far from the time when housing was a key factor that triggered a recession. From easy-to-access mortgages to skyrocketing home price appreciation, a surplus of inventory, excessive equity-tapping, and more - we're not where we were 12 years ago. None of those factors are in play today. Rest assured, the Boston high rise condo market is not a catalyst that could spiral us back to that time or place."
Market research and historical trend analysis provide confidence when evaluating Boston real estate during economic uncertainty. Current market conditions differ markedly from 2008: mortgage lending is tighter, households are not broadly overleveraged, inventory is not excessive, and equity-extraction is not widespread. Banking system dysfunction is absent and systemic housing-driven risk is minimal. Economic forecasts project no immediate growth but anticipate gains later in the year and into early 2021. Any recession is expected to be milder than the Great Recession. The Boston high rise condominium market is not positioned as a catalyst for a major financial collapse.
Read at Boston Condos For Sale Ford Realty
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