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Showing posts from March, 2022

4 Reasons I’m Still Bullish on Boise Real Estate Market

https://realtybiznews.com/4-reasons-im-still-bullish-on-boise-real-estate-market/98768457/ You might have thought I was off my rocker if I told you Boise, ID was the fastest growing real estate market in the country over the last 2-4 years. According to the most recent data from Zillow, median home prices in Boise are up 70.09% over 4 years and 62.66% over 3 years, which both rank #1 among the top 100 metropolitan areas in the US. This has prompted many in the industry to regard Boise as the nation’s hottest housing market. Many experts have pointed out that Boise’s real estate market is overpriced compared to household income, with some going as far as to predict that prices might drop like a hot potato this year. However, there’s plenty of data to suggest that Boise’s market has room for growth. Here’s four reasons to still be bullish on Boise.

The Real Estate Market in Charleston SC May Have A Record Year in 2022

https://realtybiznews.com/why-charleston-sc-is-one-of-the-nations-hottest-real-estate-markets/98767415/ The housing market in Charleston SC looks primed to have a record year in home price growth in 2022. Median home prices in Charleston have jumped by 23.76% in the past two years according to data from Zillow. Now key housing supply metrics and migration trends suggest that there’s still plenty of room for growth in South Carolina’s low country. Housing Inventory At Lowest Level In Last 5 Years According to Zillow’s data, Charleston’s total inventory of for sale properties has dropped by a significant margin over the past 2 years. Compared to 2021, total inventory has dropped by -39.67%, which is the 7th highest 1-year inventory decrease out of the top 100 US metro housing marks. Stretch that back 2 years, and you’ll see that Charleston ranks #6 in total sales inventory reduction at -57.68%.

2022 East Boston Apartment Rental Market Report

https://bostonpads.com/blog/boston-rental-market/2022-east-boston-apartment-rental-market-report/ East Boston’s apartment rental market has emerged from the pandemic stronger than ever. Despite the challenges faced over the past 2 years, East Boston’s key apartment supply metrics have hit record lows in the first quarter of 2022. As a result, average rent prices for East Boston apartments have already surpassed all-time highs set during the first half of 2020. Record Low Rental Supply in Eastie East Boston’s real-time availability rate (RTAR) is currently 3.66%. Compared to Eastie’s pre-pandemic RTAR, there are less than half of the available apartments there were in late March 2019 when the availability rate was 7.5%. East Boston’s RTAR also started 2022 at an all-time low of 1.24%, surpassing the previous low mark set in January of 2020 (1.54%).