Happy new year!

You’ve been wondering what Real Estate moves to make in 2020. So, I’ve been keeping my ear to the ground. Here’s what I got … from my ear to yours:

 

What makes us happy

       2019 was a great year for Boston Real Estate

       We are in booming bean town. Our local economy is still doing very well indeed.

       Unemployment in Massachusetts is the lowest it has been for a while.

       We are creating new jobs

       We are known as a hub for innovation – be it in the health/pharma/high tech industry and our excellent universities

 

What stays the same

       Since net, net people are moving into the Boston area – and there were few housing choices to begin with – inventory continues to be (very) low in most of the areas you’re living in, and/or are wanting to move to!

       Most new construction in greater Boston (which is slim to begin with) targets the ultra-luxury sector – which is not helping our severe housing crunch and long(er) commutes

 

What makes us wary

       We’ve all been hearing about the global slowdown and we are not insulated from it. This makes us thoughtful and less impulsive in our purchases – not a bad thing.

       Election years are always rocky – and adding impeachment to the mix – can leave us all wondering where things are going!

       More middle east turmoil – hmm!

       Our commutes seem to be getting longer and longer … compelling us to think harder about our ideal home/workplace

       For our younger professionals growing up in the ‘sharing’ economy, questions on whether to make a commitment to buy

 

 What all this means for your Real Estate transactions in the Boston Area in 2020:

 If you’re looking to sell

       Year over year stats for ’solds’ in the areas around us are very good indeed

       As long as you’re reasonable in your expectations, working with a great Realtor (ahem), present your property well and price it right you should end up in a good place

 If you’re looking to buy

       Know that what makes people hesitate and think– actually makes for a healthier, less crazy Real Estate market.

       It is always good for buyers to reflect more and really know what they want.

       A good Realtor can do the analysis on the right price to pay … and help negotiate to a ‘close’ in a multiple offer situation.

 

As always, if you or someone you know is looking to buy or sell or just get a free assessment of what your house is worth in today’s market. Don’t hesitate to be in touch.

 

Wishing all of you – my friends, clients, and referral partners a fabulous 2020!   

 

 Lotika