I find that big changes happen around election time, and I'm very interested in seeing where the market heads next year.
All this is good, not bad for the housing market. Back to basics real estate.
As rents rise, there comes a point where, condo conversions are once again feasible, also it will help to increase demand for single family homes.
This kind of raise at the top has a domino effect as people are priced out of where they are to slightly less high end places. I think a good block of high end rentals will pull pressure off of all of the market.
I also think the low supply side in Boston is as much to blame as the high load standards. There is not much quality stock on the market.