Boston Real Estate in 2023 Was Resilient!
The Greater Boston housing market has shown remarkable resilience in 2023, defying downturn predictions.
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The Greater Boston housing market has shown remarkable resilience in 2023, defying downturn predictions.
Bernice Ross of Inman recently interviewed Rick Sharga, the executive vice president for market intelligence for Attom Data, about his predictions about general trends and foreclosures. Attom Data has been tracking foreclosure data since 1996. As a result, Sharga often gets asked if we should expect another foreclosure tsunami in 2023 like the one we experienced during the Great Recession.
September 2021 marked the first month since May 2020 in which annual home price growth decelerated, with home prices increasing 19.5% year over year, down from 19.8% in August.
According to the WSJ, 85.3% of economists believe an economic recovery will begin in the second half of 2020. Let’s connect to discuss how the expert forecast may influence your plans in the housing market this year.
Major Financial Institutions Forcast 2nd Half Recovery – Goldman Sachs, JP Morgan, Morgan Stanley, Wells Fargo
As the states are deciding on the best strategy to slowly and safely reopen, the big question is: what kind of economic recovery will we have and how long will it take to fully recover?