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Showing posts from July, 2022

5 Neighborhoods with the Lowest Rate of Available Boston Apartments

https://bostonpads.com/blog/boston-rental-market/5-neighborhoods-with-the-lowest-rate-of-available-boston-apartments/ Renters in the city of Boston are familiar with the difficulties of searching for Boston apartments, but inventory has reached even lower levels this year. In a previous article, we discussed the 5 neighborhoods with the most Boston apartments available. That is, with the highest Real-Time Availability Rates (RTAR) and therefore apartment options. The RTAR is a great way for future renters to plan as it allows them to know the availability of Boston apartments today or in several months’ time. However, you may still be having some trouble with your home search if you’re looking in certain parts of the city. Here are 5 Boston neighborhoods with the lowest RTAR, and where renters may be noticing they don’t have as many opportunities.

5 New Luxury Apartment Buildings Approved by Boston’s Housing Board

https://bostonpads.com/blog/real-estate-news/5-new-luxury-apartment-buildings-approved-by-bostons-housing-board/ The city of Boston has seen a wave of new construction developments over the past decade. In an effort to meet rising demand for housing, the city has made it an initiative to build 69,000 new housing units by the year 2030. This initiative has reshaped Boston’s skyline and turned the waterfront from a shipping yard into a haven of Boston luxury apartments. Now, Boston is home to some of the newest most state-of-the-art luxury buildings in the country. But the work is far from done. Apartment shortages have pushed rent prices close to San Francisco and NYC levels, and more development will be needed to curb rising rents. Here are 5 of the biggest new construction projects that recently received approval from the housing board.

How can digital marketing help in my real estate job?

https://realtybiznews.com/how-can-digital-marketing-help-in-my-real-estate-job/98772427/ It’s safe to say that in 2022, digital marketing should be an integral part of your real estate marketing strategy. According to the recent Home Buyers and Sellers Generational Trends Report published by the NAR, all generations of home buyers use online search tools to begin their home search. This is a big departure from how people used to look for homes at their local real estate office. Now more than ever, it’s important that agents and brokers alike focus on how to effectively use digital marketing for real estate. This fact is not lost on most agents. Many agents want to develop a solid digital marketing strategy but are struggling to adapt to real estate marketing trends being employed by top agents. If you visit website and read this article, you will learn how to use digital marketing to help you build your real estate business.

Boston Apartment Occupancy Hits All-Time High

https://canvas.becker.edu/eportfolios/219745/Home/Boston_Apartment_Occupancy_Hits_AllTime_High Apartment occupancy in Boston has reached an all-time high according to the latest rental market data from Boston PadsLinks to an external site.. The city’s current real-time vacancy rate (RTVR) is 0.38%, indicating that 99.62% of Boston apartmentsLinks to an external site. are currently occupied. The rental shortage is already putting upwards pressure on apartment prices. Boston’s average rent price surpassed its all-time high in May and is continuing to rise. Just a year ago, Boston’s rental market was reeling as a result of remote work and remote learning. The city’s rental supply soared to unprecedented levels while rent prices dropped for the first time in over a decade. How did the rental market in Boston experience such a dramatic shift from one year to the next? Let’s take a look at how we got here.

Boston Real Estate Inventory Doubles in Last 6 Months

https://blogs.umass.edu/kmfay/2022/06/30/boston-real-estate-inventory-doubles-in-last-6-months/ Boston’s real estate market has seen total inventory of listings increase by +123.46% since January 1, 2022. As interest rates have risen, the market has cooled and total sales have dipped by -3.07% in the first half of 2022. Home price growth has decelerated over the same time span, indicating that the Boston real estate market may be softening for buyers.

The Benefits of B2B Conversions for Real Estate Agents

https://realtybiznews.com/the-benefits-of-b2b-conversions-for-real-estate-agents/98772471/ Over the past decade, the way in which we market and sell properties has changed. The days of cold-calling and door-knocking are all but gone, and most consumers use online resources to research properties long before they reach out to agents. Now, an increasing percentage of real estate deals are made by referrals from one business to another or what one would consider being B2B conversions. So how can you build and leverage a network of referring businesses as a real estate agent? You can do this by creating a marketing strategy that will drive traffic and conversions from potential business partners. Before we get into the benefits of doing so, let’s take a moment to define what B2B marketing means for real estate agents.

Lakeland FL Real Estate Market Outpacing Most Florida Metros

https://realtybiznews.com/lakeland-fl-real-estate-market-outpacing-most-florida-metros/98772759/ The Lakeland FL Real Estate Market recorded the 3rd highest YOY increase in median home price out of all US Metros in 2021. Lakeland’s 1-year median price growth of +29.29% was only exceeded by nearby Tampa (+29.69%) and Las Vegas (+37.67%). While it’s no secret that people are flocking to the Sunshine State in droves, it’s interesting to see that a relatively smaller Florida metro is recording some of the biggest housing market growth nationally. Here are 3 reasons why Lakeland is one of the best places to buy a home in Florida.

Top Boston Housing Projects to Watch in 2022

https://sites.suffolk.edu/learnblog/2022/06/29/top-boston-housing-projects-to-watch-in-2022/ Since 2015, the city of Boston has made it an initiative to create more housing inventory to meet rising demand. As the metro area has grown, the city has faced a critical shortage of affordable housing opportunities for renters and buyers alike. In 2022, the Boston rental market has seen historically low apartment availability and record high occupancy rates, indicating the problem is getting worse not better. During the pandemic, many of these new housing developments were stalled or put on hold. Now we’re feeling the effects of this in the form of high prices and limited inventory of Boston apartments for rent. New construction projects have since picked up pace again, so the long-term outlook is more optimistic for renters in Boston. Here are the top housing development projects to watch in 2022.

What is digital marketing for real estate?

https://realtybiznews.com/what-is-digital-marketing-for-real-estate/98773125/ Simply put, digital marketing for real estate is the process of promoting your real estate business online. The marketing activities involved can vary widely depending on your business type and target audience. There are hundreds of different online marketing channels available that real estate professionals can utilize in the digital age. This can make it seem like a challenging task to create a digital marketing strategy that will work for your real estate business. This article will simplify the concept of digital marketing for real estate. It will explain what role it plays and what types are most commonly used.

Is It Expensive To Rent In Boston?

https://bostonpads.com/blog/boston-rental-market/is-it-expensive-to-rent-in-boston/ Boston has rocketed up the list of most expensive places to live in the United States over the past decade. As of now, Boston is the 3rd most expensive city to rent an apartment in the U.S. behind San Francisco and New York City. The Boston Herald predicted that Boston could overtake San Francisco at #2 on that list back in January 2022. Since then, rent prices for Boston apartments have been steadily rising, even surpassing previous all-time highs set before the pandemic. Let’s have a look at how expensive it is to rent an apartment in Boston. What Is the Average Rent Price in Boston? According to the most recent Boston rental data, the average rent price for an apartment in Boston is $2,779. That figure is up +7.29% compared to a year ago. The following table compares the average rent price of the Greater Boston Metro, the City of Boston, and Boston’s immediate suburbs for all sized rental uni...

Arlington Apartment Rental Market Report 2022

https://bostonpads.com/blog/boston-rental-market/2022-arlington-apartment-rental-market-report/ Arlington, MA’s apartment rental market has proven to be one of the strongest in Greater Boston. It has historically been less affected by the highly cyclical demand swings that are typical in Boston’s core neighborhoods. Sure enough, that trend prevailed during COVID. When Boston’s real-time availability rate (RTAR) hit an astronomical 13.37% in March 2021, Arlington’s RTAR peaked at a much lower 8.19%. Arlington’s apartment availability has remained below Boston ever since. Now in 2022, the average rent price for Arlington apartments has risen to a new all-time high. The current average rent in Arlington ($2,437) is up +4.82% year-over-year and up +12.20% or $265 from pre-pandemic levels in July 2019. Let’s take a closer look at what has driven this trend.

Boston Apartment Rental Market Mid Year Report

https://bostonpads.com/blog/boston-rental-market/2022-boston-mid-year-apartment-rental-market-report/ We are halfway through 2022 and the apartment rental market in Boston has never looked stronger. Apartment inventory levels are at historic lows while average rent prices continue to break through all-time highs with each passing week. Even more impressive, we’re just 14 months removed from when the Real-Time Availability Rate (RTAR) of Boston apartments surged to an unprecedented 13% due to COVID lockdowns, remote work, and distance based learning. To call it a market turn-around would be an understatement. Words can not properly encompass how fast we watched demand pour right back into the Greater Boston housing market. Boston Apartment Availability Hovers at Historic Lows Boston’s current RTAR is at a mind numbingly low 3.38% and trending downwards. That marks a -68.50% drop in apartment availability year-over-year and a -32.53% decrease from its pre-pandemic level in June 2...