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July Housing Market Report for Brookline and Boston

July Housing Market Report for Brookline and Boston

The most up-to-date housing market report for Brookline and Boston suggests that we've had a slowdown in July. Pricing hasn't been affected too greatly but lack of inventory has stalled the momentum we saw earlier this year. With the Federal Reserve giving more serious thought to raising the interest rates, my thoughts are as follows:

  • Sellers thinking of about putting their homes on the market shouldn't delay
  • Buyers who already have a signed offer should discuss a rate lock with their lender. If their lender doesn't offer a rate lock, shop around
  • Those home buyers thinking of purchasing a property in the coming months, should be certain to keep nurturing their down payment fund. A higher down payment could translate to a discount on your mortgage rate

For a closer look at what's happened in the Brookline and Boston housing markets, check out the numbers at http://bit.ly/2ceTHIM

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Michael A. Pallares

at Andrew Mitchell & Company

617-899-3162 | mpallares55@gmail.com Offices in Concord & Marion, Ma