Boston Market Updates

The Latest Updates You Need To Know About The Boston Real Estate Market.

Overview of Market

The Boston housing market could cool considerably. An elimination of, or a cap on, the mortgage interest deduction, especially for more expensive homes, could by itself lead to a cool-off in the Boston region’s notoriously red-hot market.

Tax changes such as eliminating the ability to deduct state and local taxes from federal returns could also have prospective homebuyers reconsidering their financial options.

At the same time, a greater number of less expensive rental options could have more tenants staying put rather than entering the sales market. Major new developments are adding hundreds of new units which is likely satiating demand a bit in 2018 and leading to lower rents.