Spring Housing Market: Trends and Predictions for Buyers and Sellers.

The Greater Boston housing market has experienced a rollercoaster ride in recent years, with prices soaring to new heights in 2021 and 2022 before cooling off in the winter months. However, experts predict that the market will pick up again in the spring and summer, with residents continuing to move farther away from Boston to find affordable homes. Interest rates have played a significant role in the downturn, with the average 30-year fixed-rate mortgage nearly doubling over the last year. While it's uncertain what will happen with interest rates in the coming months, economists believe that if they go down, the housing market could see an upswing in activity and prices will likely return to their typical upward trajectory.