Boston apartments

https://bostonpads.com/blog/boston-rental-market/2022-back-bay-apartment-rental-market-report/ It’s been a roller coaster two years for Boston’s most expensive apartment rental market, Back Bay. Prior to the pandemic, Back Bay was experiencing record lows in apartment availability and vacancies alongside all-time high average rent prices. Then in 2020, COVID-19 dramatically increased the apartment supply. The real-time vacancy rate (RTVR) for Back Bay apartments was launched sky-high, eclipsing the 7% mark in September 2020 for the first time on record. Then, starting in March of last year, the RTVR rapidly contracted. By September of 2021, Back Bay had set a new all-time low RTVR.

https://bostonpads.com/blog/boston-rental-market/featured-beacon-hill-apartments-now-on-market/ Beacon Hill’s apartment rental market has entered 2022 looking much healthier than it did a year ago. Due in large part to remote work and remote learning trends, the availability rate of Beacon Hill apartments hovered between 10-13% for nearly 6 months in 2021. Once pandemic restrictions eased, campuses and offices reopened. This resulted in Beacon Hill’s real-time availability rate (RTAR) to free fall to 0.98% by mid-November. Now, the rental supply in Beacon Hill is as tight as it has ever been. Beacon Hill Apartment Availability The most recent rental data in Beacon Hill shows that the RTAR is currently 4.56%. Compared to its pre-pandemic level in early April of 2019, apartment availability is -19.72% lower in 2022. The current RTAR ranks as the lowest on record for Beacon Hill during the second week of April. That is astonishing considering that last April the availability rat...

https://bostonpads.com/blog/boston-rental-market/2022-south-boston-apartment-rental-market-report/ The apartment rental market in South Boston has always been an outlier compared to most of the city’s neighborhoods. While demand for apartments in most of Boston is highly seasonal, demand for South Boston apartments has historically remained high throughout the year with much less cyclical movement. That market trend held true during COVID. When Boston’s apartment availability rate hit an unprecedented 13.43% in March of 2021, South Boston’s availability rate peaked at a relatively low 4.01%. Apartment Availability in South Boston South Boston’s current real-time availability rate (RTAR) is 2.11%. That marks a -31.75% year-over-year change in rental availability in Southie, and a 21.29% decrease from its pre-pandemic level in late April 2019. South Boston’s RTAR peaked at 4.01% in early March 2021. That was the lowest peak RTAR of all neighborhoods in the city during the pandemi...

https://canvas.wpi.edu/eportfolios/3299/Home/Allston_Starts_2022_With_Record_Low_Apartment_Inventory After what might have been the fastest market correction in history, Allston’s rental market has begun 2022 with record low apartment inventory. Since March of 2021, Allston’s apartment availability rate fell from an all-time high of 27.4% to a record low of 1.76% to start the year, marking a massive -93.58% drop in rental availability. Allston, along with Fenway and Downtown, was among the few neighborhoods where apartment availability peaked above 20% in 2021. In a market heavily dependent on off-campus housing demand, the remote learning phase of the pandemic caused massive rental supply upheaval in Allston. In late March of last year, when Universities announced their plans to bring students back for Fall 2021 semester, the market quickly reacted and all of the excess inventory was absorbed at an astounding rate. We saw the number of available apartments for rent in Allston dr...

https://businesstimesnow.com/massachusetts-is-shedding-residents-what-does-it-mean-for-boston/ The numbers are in for last year’s migration trends, and Massachusetts is losing residents at a much higher rate than the rest of the country. Last month United Van Lines released their annual Movers Study, and Massachusetts ranked #7 in the nation in terms of outbound move percentage, along with a number of other northeastern states. According to their survey, the total outbound moving percentage for Massachusetts was 57.6%. Out of those outbound moves, 31.42% cited career as the primary reason for moving. Retirement was the second largest outbound movement group at 22.40%, followed by lifestyle which constituted 17.49% of moves.

https://bostonpads.com/blog/boston-rental-market/2022-brookline-apartment-rental-market-report/ The apartment rental market in Brookline has come roaring back in 2022. After recording all-time highs in vacancies and apartment availability during the pandemic, Brookline absorbed the supply glut at a record pace in the latter half of 2021. Now three months into 2022, the vacancy rate for Brookline apartments (0.50%) has surpassed its all-time low of 0.61% set before the pandemic in late August 2019. Brookline Apartment Supply Numbers Brookline’s real-time vacancy rate (RTVR) typically hits its cyclical low in late August as it does in most of Boston’s neighborhoods. The current RTVR of 0.50% is unusually low for early April, especially considering that the vacancy rate hit a record high in September of 2020 when it soared to an unprecedented 9.01%. With five months left until late August, look for Brookline’s RTVR to continue to push to new all-time lows.

https://realtybiznews.com/4-reasons-nashville-is-one-of-the-best-real-estate-markets-in-2022/98769197/ When you think of Nashville, you generally think of Music City, Broadway, and honkey-tonks. Unless you’ve been paying close attention over the past few years, you probably wouldn’t think of Nashville as one of the top real estate markets in the US. Believe it or not, Nashville experienced the 6th largest increase in median home price out of the top 100 metros over the past year. It’s also leading the nation in wage growth over the past 5-10 years. Despite last year’s price surge, Nashville’s median sale price remains reasonable at $468,000, making it one of the best places to buy a home in the US. Here are 4 reasons why: