Tag: Boston housing market
As we enter the second half of 2023, Boston’s real estate market has slowed significantly. Total residential real estate sales are down -27.94% in the first 6 months of 2023 compared to last year for all property types. Amazingly, despite the drop in demand for Boston real estate, median sale prices remain high thanks to a shortage […]
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 […]
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 […]
The city of Boston has experienced record housing market growth over the past decade. Median sale prices have soared on account of a tight supply of for-sale properties and growing demand. In 2011, the median sale price for a single-family home in Boston was $375,000. Just 11 years later, that figure has more than doubled […]
Whether you’re looking to reduce living costs or diversify your investment portfolio, investing in multi-family homes for sale in Boston might have crossed your mind. After all, even first time homebuyers are considering this path to homeownership more and more. The appeal is simple: incoming rents will help offset your mortgage costs, and you’ll build […]
This year has brought with it some economic uncertainty that will inevitably affect the local housing economy. Last month, the year-over-year consumer price index was up by a staggering +8.3%, indicating that post-pandemic inflation concerns are far from over. The Fed has been steadily raising interest rates this year as a result. But how exactly […]
If you’re planning on leaping into multifamily investments in a competitive market like Boston, you’ll need to create a process for performing due diligence on a property. You can protect yourself from a long list of potential pitfalls by knowing how to fully assess a multifamily home for sale in Boston. By creating a checklist […]
Over the past decade, Boston has been rapidly ascending the list of most expensive places to live in the US. As the metro region has grown, real estate and rent prices have soared due to an ever-increasing demand for housing and a limited supply of apartments and property listings. In January, the Herald reported that Boston could soon […]
Real estate sales in the city of Boston have slowed over the first few months of 2022, indicating a cooling housing market. Since the beginning of the year, the average 30-year fixed APR has increased by over 70%, as rates jumped from 3.183% to 5.422%. This has slightly softened the market for buyers, as the […]