Posted By: Carmela Laurella
Real estate tends to run inverse to both interest rates and availability of credit.
With today’s mortgage rates at historic lows and following a correction of historical magnitude, at this point in time, I would suggest that real estate represents a fair value.
I would further suggest that with both mortgage rates and prices down, that investing in a new home is as affordable as it’s ever been in the U.S.
One final thought would be that the primary footpath of Boston’s Waterfront is basically built. They won’t be making any more and there is scarcity value in that alone…
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