Boston apartments

https://bostonpads.com/blog/boston-housing-market/multi-family-homes-in-boston-for-sale-under-1-million/ Multi-family homes in Boston are in high demand- there’s no question about it. With home prices continuing to move upwards, you might be asking yourself: is buying a multi-family home a good investment? For the most part, yes, buying a multi-family home is a good investment. Real estate investing is a great way to build long-term wealth. If you hold the asset for 20 years or longer you can build up some incredible equity that you can use to purchase other investment vehicles which certainly helps with retirement. That being said, not all investment properties are created equal and you still need to do your due diligence. If you have vision and can see opportunities to renovate and reposition the asset; you can often get amazing returns that other people would not think of implementing at a property. Therefore, it is important that you take the time to consider all options befo...

https://bostonpads.com/blog/boston-rental-market/top-30-boston-luxury-apartment-buildings-for-2022/ In the past year, we have rented more Boston luxury apartments than ever before! Thanks to feedback from customers and agents alike, we have put together the list of our top 30 Boston luxury apartment buildings for 2022. With buyers finding themselves priced out of the current housing market, but many with a comfortable amount of cash in the bank, some are opting to rent luxury apartments until the market softens in their favor. When you consider today’s high inflation, and the supply chain crisis leading to construction delays, it’s not a bad idea to rethink your housing options. Other apartment seekers simply want to enjoy the conveniences and amenities that come with luxury living. Some of the buildings mentioned below have found themselves on our top 20 lists from previous years. Although there are many incredible buildings in Greater Boston, and the number is growing, the 30 list...

https://bostonpads.com/blog/boston-housing-market/is-it-more-expensive-to-live-in-brookline-or-south-boston/ Brookline and South Boston are among the most sought after housing markets in the Greater Boston area. Both of these neighborhoods are located close to Boston’s city center and there is a lot of demand for housing. As a result, prices are high- especially when compared to most of Greater Boston. But which is more expensive in terms of housing? According to the most recent data, Brookline is more expensive to buy a house in than South Boston, but South Boston is more expensive than Brookline to rent an apartment in. Let’s take a look at the numbers.

https://bostonpads.com/blog/boston-rental-market/2022-quincy-apartment-rental-market-report/ Quincy’s apartment rental market proved to be an outlier throughout the pandemic. When apartment vacancies soared to over 9% in the city of Boston during COVID, the real-time vacancy rate (RTVR) never surpassed 3% in Quincy. Despite the relative stability and low inventory, rent prices for Quincy apartments did drop by 5% last year, and they still remain well below previous all-time highs. Quincy Apartment Supply Metrics Remain Strong Quincy’s current real-time availability rate (RTAR) is 1.29%. Interestingly, the current RTAR is nearly identical to its pre-pandemic level in mid-June 2019, when the availability rate sat at 1.28%. A look at Quincy’s historical rental market trends illustrates that low apartment availability is the norm in Quincy, MA.

https://bostonpads.com/blog/real-estate-news/top-5-apartment-buildings-under-construction-in-boston/ Boston has been in a new construction frenzy over the past decade to accommodate a growing demand for housing. The development boom has added tens of thousands of new Boston apartments to the city’s rental supply. Despite the added inventory, the city has struggled to keep pace with growing demand as Boston’s rental market is experiencing historically low apartment supply figures in 2022. Many of these new construction projects have added more luxury apartments in Boston, and some have been critical of the lack of affordable housing units being built. This has put additional pressure on city hall to green light new development projects that had been stalled or delayed during COVID-19. Now in 2022, there are several new construction projects that are working their way towards completion. Here are the top 5 housing development projects under construction in Boston:\\

https://bostonpads.com/blog/boston-housing-market/how-is-inflation-affecting-the-boston-housing-market/ 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 will this affect the Boston housing market? Inflation will affect the Boston housing market by causing home sales to drop and median sale prices to decelerate in 2022. The combination of higher interest rates and high home prices will push many buyers out of the market this year. Shortages in labor, materials, and diesel gas will push up the cost of development and property maintenance, which will help to keep home prices growing this year, but at a significantly lower margin than previous years. Rent prices in Boston will grow by a larger...

https://bostonpads.com/blog/real-estate-news/greenest-luxury-buildings-in-boston/ Boston is an innovative, forward- thinking city across numerous industries. It’s known for it’s incredible hospitals, being home to some of the best universities in the world, and providing its residents with a great quality of life. In that same spirit, the city of Boston has always placed great importance on smart urban planning. The construction of the Boston Commons, the United States’ first public park, in 1634 was only the beginning. Over the past decade, Greater Boston has been at the forefront of developing sustainable and eco-friendly housing. Boston is home to some of the most state-of-the-art green buildings in the country, setting a standard for other cities to follow. If you’re one of the many that are looking for eco-friendly luxury apartments in Boston, you’ll have plenty of options to pick from.

https://bostonpads.com/blog/real-estate-investing/multi-family-due-diligence-checklist/ 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 to perform due diligence, you can evaluate both the physical and financial aspects of the property in question. Many of the items on the multifamily due diligence checklist are required by the lender once the property is under contract. Some are not required by the lender but are impor

https://bostonpads.com/blog/boston-rental-market/2022-jamaica-plain-apartment-rental-market-report/ The rental market in Jamaica Plain is experiencing historically low inventory in 2022. With just 10 weeks remaining until the pivotal 9/1 leasing date, the real-time vacancy rate (RTVR) of Jamaica Plain apartments has surpassed its previous all-time low set in August of 2019. Apartment availability has dropped by -47.27% compared to its pre-pandemic level in June of 2019. Despite the record low rental supply, average rent in Jamaica Plain still sits $123 below its all-time high set on June 1, 2020. Jamaica Plain Rental Supply Metrics The current RTVR in Jamaica Plain is 0.50%. That figure marks a -91.08% decrease in vacancies compared to a year ago when apartment supply numbers were still inflated due to the pandemic. Just two weeks ago, the RTVR hit an all-time low of 0.16%, indicating an astounding apartment occupancy percentage of 99.84% in Jamaica Plain. At this point – the onl...

https://bostonpads.com/blog/boston-rental-market/2022-brighton-apartment-rental-market-report/ The apartment rental market in Brighton, MA has recorded a historic comeback in 2022 following a year and a half of rental supply disruption. In May 2021, the real-time availability rate (RTAR) of Brighton apartments soared to a record-high 10.3%. This caused rent prices to drop for the first time in over a decade in Brighton. Once pandemic restrictions were lifted and Bostonians began returning to work and school, the market swiftly responded. Now, the rental market in Brighton is stronger than ever and average rent prices have already risen above their previous all-time highs set before the pandemic.

https://bostonpads.com/blog/boston-rental-market/2022-north-end-apartment-rental-market-report/ Looking back over the last two years, few Boston neighborhoods saw as much supply upheaval as did the North End. As apartment availability hit unprecedented levels all over the city in March 2021, only 4 Boston neighborhoods recorded a higher real-time availability rate (RTAR) during that time: Fenway, Allston, Mission Hill and Downtown. What happened next must qualify as one of the fastest and most drastic market corrections in history. North End’s RTAR hit a new all-time low by October of last year, and now the area is experiencing historically low apartment availability. As a result, average rent prices in the North End have recently surpassed previous all-time highs set before the pandemic.