Category: Boston Housing Market
Photo by Matt Santapaula, CC BY 2.0, via Wikimedia Commons The real estate market in Mission Hill has started 2023 in a deep chill as property sales decline city-wide. Mission Hill has recorded just 3 residential property transactions over the past 3 months. That ties the lowest 3 month total in the past five years […]
Boston’s real estate market saw total property sales crater during the final quarter of 2022 amidst rising interest rates and a sluggish economy. The city’s 30 day median sales price took a nosedive in December as a result, dropping $67.5K compared to November 2022. With inflation still high, incoherent energy policies, tech layoffs and more rate […]
The real estate market in Fort Hill has come to a grinding halt over the past few months. Total 90 day sales for Fort Hill real estate have flatlined to zero as rising interest rates have choked demand for properties. This marks the first time since the housing crash of 2008 that Fort Hill failed […]
If you’ve put your home on the market, you want it to sell quickly and efficiently. However, if it’s been more than a month, you may be wondering what the issue is. You love your home- so what’s the problem? In Massachusetts, the median days on market for single families for sale is 39 days. […]
Purchasing a multi-family home in Boston is a popular investment choice for both seasoned and new investors. Given the strong and steady demand for rental housing, and the fact that home values in Greater Boston have appreciated by over 90% since May 2012, it’s easy to see why. Whether you plan to live in the […]
***UPDATED*** This market report has been updated, check out our 2023 Boston Real Estate Sales Market Report! As we enter the final quarter of 2022, it appears like the decade-long period of growth for Boston’s real estate market is grinding to a halt. The most recent MLS data shows that rising interest rates have effectively […]
Without a doubt, 2022 will go down in history as one of the worst years for inflation in modern U.S. history. With the Consumer Price Index above 8% since March, we’re seeing the highest inflation levels in 40 years. Thanks to poor fiscal responsibility and highly questionable energy policies, rampant inflation and supply chain bottlenecks […]
Boston apartment vacancy is extremely low at 0.43%, leaving renters with few options to choose from. On another front, interest rates to buy a home are extremely high right now after the Fed raised rates for the fourth time- and are expected to raise them for a fifth time soon. Mortgage rates are currently sitting […]
Whether you buy a property or rent an apartment, the cost of living in Boston is high. Over the past decade, Boston has climbed up the list of the most expensive cities to live in the US. This trend has been fueled by steady population growth and a shortage of housing inventory, which has sent […]
As economic conditions have worsened throughout 2022, many are wondering if prices for Boston real estate have begun to trend downwards. To combat inflation, the Fed has increased interest rates 4 times thus far in 2022. Based on their July meeting, more rate hikes are likely ahead of us. If you analyze this year’s MLS […]