Boston Pads

Full post: https://www.einnews.com/pr_news/596353718/boston-pads-real-estate-database-now-exceeds-200-000-boston-apartment-listings BOSTON, MA, UNITED STATES, October 17, 2022 /EINPresswire.com/ -- BostonPads.com has achieved another company milestone by surpassing 200,000 Greater Boston apartment listings in their real estate repository. This latest success comes just weeks after announcing their database surpassed 17,000 landlord contacts in August and 1 million property photos in September. These latest company milestone’s have occurred during a year when Boston’s apartment rental market is experiencing record low apartment supply figures and record high average rent prices. The market volatility of the past 3 years combined with a poor economic outlook has put a premium on access to real-time market data for landlords and property managers.

Full post: https://www.einnews.com/pr_news/589569564/boston-pads-real-estate-database-surpasses-17-000-landlord-records-in-latest-company-milestone BOSTON, MA, USA, September 7, 2022 /EINPresswire.com/ -- BostonPads.com reached another growth landmark earlier this month by surpassing 17,000 landlord records in their Greater Boston apartment database. Their rental repository now holds 199,072 Greater Boston apartments, 448 luxury apartment buildings, 23,795 apartment videos, and more than 1.01 million property images. This achievement comes as Boston’s rental market reaches its annual 9/1 peak and apartment availability sits at an all-time low. Both the city’s real-time vacancy rate (RTVR) and real-time availability rate (RTAR) have notched new record lows in 2022. Compared to a year ago these figures are down -77.36% and -76.47% respectively, showing just how drastic the rental market’s recovery has been.

Full post: https://bostonpads.com/blog/boston-housing-market/how-is-inflation-affecting-contractors-and-boston-real-estate/ 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 are starting to cripple our future supply of new products introduced into the Boston housing market. The cost of building materials is increasing by a much larger margin than CPI. The current PPI for New Nonresidential Building Construction is up by 24% over the past year. That triples the price increase for consumer products (CPI). Housing supply in Boston is already at a critical shortage, and now developers are faced with even more fiscal barriers in creating new housing inventory for Boston’s growing population. We could ...

Full post: https://www.einnews.com/pr_news/592854298/boston-pads-eclipses-1-million-property-images-in-their-growing-real-estate-database BOSTON, MA, UNITED STATES, September 26, 2022 /EINPresswire.com/ -- Boston, MA - BostonPads.com has reached another company milestone this week, surpassing 1 million listing images in their evergrowing real estate database. This announcement comes just a few weeks after their database eclipsed 17,000 Greater Boston landlord contacts in yet another company achievement. Boston Pads CEO Demetrios Salpoglou points out that this achievement is a testament to how the company has been able to adapt to changes brought about by COVID. “During the pandemic, we saw a hundreds of landlords flock to our platform and seek cutting edge marketing solutions. Digital property images, 3D tours, and video became even more important to effectively market listings, and the team stepped up and delivered. They’ve added nearly 300K photos and 10K videos just in the last 3...

Full post: https://educationcareeronline.com/should-you-become-a-real-estate-agent-in-boston/ With interest rates rising and the nation’s housing market on the ropes, you may be wondering if it’s still a good idea to pursue a real estate career in Boston. While the short-term market outlook may not look too promising, there are still plenty of good reasons to start a rewarding career in real estate. Here are a few reasons why: 1. Boston’s Economy Is Still Growing Boston has emerged as one of the biotech capitals of the world over the past decade. Boston-based startups have consistently increased the total amount of VC funding raised over the past 5 years, and Boston has solidified itself as the 3rd largest metro in the US by total VC funding raised.

Full post: https://bostonpads.com/blog/boston-housing-market/are-real-estate-prices-dropping-in-boston/ As economic conditions have worsened throughout 2022, many are wondering if prices for Boston real estate prices have begun to trend downwards. To combat inflation, the Fed has increased interest rates 4 times thus far in 2022. Based on their July meeting, more rate hikes are likely ahead of us. If you analyze this year’s MLS data, you can see this has already begun to erode homebuyer demand, but are home prices falling in Boston as well? The answer is no (not yet). Real estate prices have not come down in Boston’s real estate market thus far in 2022. MLS data shows that homebuyer demand has waned in 2022, but real estate prices have yet to come down in the city. As it stands, the 1-year median price of single-family homes for sale in Boston is $816,353. That median price is up +4.46% since January and up +8.13% since September 2021. Similarly, the 1-year median sale price for Bos...

Full post: https://www.articlemarketingnews.com/boston-apartment-rental-market-9-1-report/ It’s been a wild ride for Boston’s apartment rental market over the past few years. After seeing vacancy rates balloon to a record high 9% in September 2020, the Boston rental market has bounced back extraordinarily. Two years later, the vacancy rate is sitting at a record low 0.28% and apartment availability has fallen below 1% for the first time ever. As the critical 9/1 leasing date is only days away, let’s take a look at the main trends driving Boston’s apartment rental market.

Full post: https://bostonpads.com/blog/moving/what-is-a-good-salary-to-live-in-boston/ Boston is the city of Champions when it comes to professional and college sports. It’s also the birthplace to the American Revolution. Needless to say, there is plenty to do in this amazing city known as the Hub to some and Bean Town to others. If you want to live in Boston and experience all that it has to offer you need to be prepared. At least you need to be prepared from a financial standpoint. This is due to the fact that Boston is one of the most expensive cities in the entire country thanks to all it offers. Boston is comprised of a great deal of culture that is spread throughout the city. Boston is also home to a diverse and eclectic blend of people. It is truly the melting pot of America. Students come from all over the world to attend college in Boston. According to a report published by the Boston Redevelopment Authority, 35 colleges, universities, and community colleges are located in ...

Full post: https://bostonpads.com/wp-content/uploads/2022/09/Boston-Homes.jpg Boston apartment vacancy is extremely low at 0.43%, leaving renters with few options to choose from. On another front, interest rates to buy a home are extremely high right now after the Fed raised rates for the fourth time- and are expected to raise them for a fifth time soon. Mortgage rates are currently sitting at around 6% for a 30- year fixed mortgage in Massachusetts. Many people are confused right now- should they rent or should they buy? While there are currently 700 apartments for rent in Greater Boston, there are 1,489 Boston homes for sale. It’s time to take a close look at your priorities, your financials, and your long- term goals. Renting allows for more flexibility, but if you know Boston is home then consider the benefits homeownership might provide you with. Let’s compare Boston apartments vs. Boston homes with comparable monthly payments.

Full post: https://bostonpads.com/blog/boston-rental-market/can-you-afford-to-live-in-boston/ Over the past year, there has been a large increase in the average rental prices of Boston apartments. Rising inflation and a looming recession have worsened the affordability problem for renters and property owners alike- costs for property maintenance keep going up. There has been a 14.25% increase in the average rent of studio apartments and a 15.18% increase for 1- bedroom apartments. In comparison, 2-bedroom, 3-bedroom, 4-bedroom, and 5-bedroom apartments have risen by less- 12.77%, 8.79%, 10.32%, and 12.40%, respectively. With this real-time information, renters can keep track of apartment affordability. The city of Boston is looking to overtake San Francisco as the second most expensive place to live in the United States. However, the question of whether you can afford to live in Boston depends on many other factors, such as the general cost of living, how you commute to work, lifest...

Full post: https://bostonpads.com/blog/moving/what-should-you-know-before-moving-to-boston/ Are you thinking about moving to Boston? If so, you’re certainly not alone. Boston is an amazing city. That’s why millions of people from across the world consider moving to Boston on a yearly basis. Many visitors remark that Boston reminds them of Europe. Perhaps this is due to the fact that the city features landmarks wherever you turn. Maybe it’s due to all of the old red brick buildings. It could also be based on the cramped and winding streets. However, there’s certainly more to Boston than the history and old-world charm. Boston is also referred to as The Hub; although some people used to refer to Boston as Beantown that is now considered to be out of style. Boston is the biggest/leading city in New England. This is based on population, jobs, sports teams, universities, hospitals, and of course historical significance. Many consider Boston a sports powerhouse. This is based on the recen...

Full post: https://bostonpads.com/?p=16462&preview=true 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 are starting to cripple our future supply of new products introduced into the Boston housing market. The cost of building materials is increasing by a much larger margin than CPI. The current PPI for New Nonresidential Building Construction is up by 24% over the past year. That triples the price increase for consumer products (CPI). Housing supply in Boston is already at a critical shortage, and now developers are faced with even more fiscal barriers in creating new housing inventory for Boston’s growing population. We could be entering a new age of unprecedented scarcity of new housing o...

Full post: https://www.einnews.com/pr_news/589569564/boston-pads-real-estate-database-surpasses-17-000-landlord-records-in-latest-company-milestone BOSTON, MA, USA, September 7, 2022 /EINPresswire.com/ -- BostonPads.com reached another growth landmark earlier this month by surpassing 17,000 landlord records in their Greater Boston apartment database. Their rental repository now holds 199,072 Greater Boston apartments, 448 luxury apartment buildings, 23,795 apartment videos, and more than 1.01 million property images. This achievement comes as Boston’s rental market reaches its annual 9/1 peak and apartment availability sits at an all-time low. Both the city’s real-time vacancy rate (RTVR) and real-time availability rate (RTAR) have notched new record lows in 2022. Compared to a year ago these figures are down -77.36% and -76.47% respectively, showing just how drastic the rental market’s recovery has been.

Full post: https://marketresearchfeed.com/are-real-estate-prices-going-to-drop-in-boston/ Boston’s real estate market has achieved record breaking growth over the past decade. Thanks to a shortage of for-sale properties and a growing population, Boston real estate prices have more than doubled since 2011. Now, with a recession looming and interest rates on the rise, many are predicting that Boston real estate prices will begin to decline soon. Based on the most recent MLS data, it does appear that real estate prices will soon begin to decline in Boston. Here are the reasons why:

Full post: https://www.realestateinfo.us/realestate/most-affordable-neighborhoods-to-buy-real-estate-in-boston.html Prices for Boston real estate are still on the rise in 2022 despite a drop in property sales city-wide. The current median sale price for single-family homes in Boston is $816,353, a +7.31% increase compared to last September. Similarly the 1-year median sale price for Boston condos is $730,242, up 7.39% over the same time span. With prices like that, new home buyers may feel like they’re priced out of the market. However, there are still plenty of neighborhoods in Boston where you can find a home under $600K. We analyzed the last 12 months of MLS data of the 33 closest neighborhoods near Boston’s core to find the most affordable places to buy real estate in Boston. Here’s the list:

Full post: https://bostonpads.com/blog/landlords/what-to-do-if-your-boston-apartment-for-rent-is-still-on-the-market-for-9-1/ If you’re a landlord, a vacant Boston apartment for rent is not making you any money. It’s costing you money each day that the unit sits empty. Mathematically speaking, it is extremely difficult to catch up financially within an 18-month period if your apartment stays vacant for one month. In fact, the only real way to catch up is to start looking at value add strategies to create a better long-term outcome. Having a Greater Boston apartment that is vacant can cause a tremendous amount of stress, to say the least. Quickly filling those vacancies is essential for any successful real estate rental portfolio or business. Finding some tactics that will make a real impact can often be unsettling; especially in a tight labor market with rising inflation. Nobody ever said the real estate game is easy. If it was, everyone would be investing in Boston apartments for r...

Full post: https://bostonpads.com/blog/boston-housing-market/top-5-most-expensive-neighborhoods-in-boston-in-2022/ Whether you buy a property or rent an apartment, the cost of living in Boston is high. Over the past decade, Boston has climbed up the list of the most expensive cities to live in the US. This trend has been fueled by steady population growth and a shortage of housing inventory, which has sent Boston’s average rent and home prices through the roof. Now, Boston’s average rent price is nearly as expensive as New York City or Silicon Valley. If you’re wondering where Boston’s most expensive places to live are, you came to the right place. This article will rank the top 5 most expensive neighborhoods in Boston to both rent an apartment and purchase real estate.

Full post: https://bostonpads.com/blog/boston-housing-market/is-boston-good-for-real-estate/ 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 to $812,000. With such rapid price growth, you may be wondering if Boston is still a good place to purchase a home that will appreciate in value long-term? Boston is still a good place to buy real estate because the city’s long-term economic outlook is positive. Despite the current economic slump we’re experiencing, there are many reasons to believe that they are only temporary and Boston’s housing market will recover. Here are a few reasons why:

Full post: https://bostonpads.com/blog/moving/what-is-a-good-salary-to-live-in-boston/ Boston is the city of Champions when it comes to professional and college sports. It’s also the birthplace to the American Revolution. Needless to say, there is plenty to do in this amazing city known as the Hub to some and Bean Town to others. If you want to live in Boston and experience all that it has to offer you need to be prepared. At least you need to be prepared from a financial standpoint. This is due to the fact that Boston is one of the most expensive cities in the entire country thanks to all it offers. Boston is comprised of a great deal of culture that is spread throughout the city. Boston is also home to a diverse and eclectic blend of people. It is truly the melting pot of America. Students come from all over the world to attend college in Boston. According to a report published by the Boston Redevelopment Authority, 35 colleges, universities, and community colleges are located in ...

Full post: https://bostonpads.com/blog/moving/chicago-vs-boston-cost-of-living-comparison/ Chicago and Boston are both iconic American cities that enjoy international acclaim. Boston is a relatively small city, but with a lot of history and plenty of opportunities. It is known around the world for being the cradle of American history, home to the Boston Common, and where you’ll find hardcore football fans cheering for the Patriots. By contrast, Chicago is a much larger city; it is the third most heavily populated city in the U.S. after New York City and Los Angeles. Chicago residents can enjoy Millenium Park, a modern public park spanning 24.5 acres, and cheering for the Bears. While some football fans may be loyal enough to pick a city based on their favorite team, we recommend comparing the cost of living and salaries in each city for a more complete picture.

Full post: https://bostonpads.com/wp-content/uploads/2022/09/Boston-Homes.jpg Boston apartment vacancy is extremely low at 0.43%, leaving renters with few options to choose from. On another front, interest rates to buy a home are extremely high right now after the Fed raised rates for the fourth time- and are expected to raise them for a fifth time soon. Mortgage rates are currently sitting at around 6% for a 30- year fixed mortgage in Massachusetts. Many people are confused right now- should they rent or should they buy? While there are currently 700 apartments for rent in Greater Boston, there are 1,489 Boston homes for sale. It’s time to take a close look at your priorities, your financials, and your long- term goals. Renting allows for more flexibility, but if you know Boston is home then consider the benefits homeownership might provide you with. Let’s compare Boston apartments vs. Boston homes with comparable monthly payments.

Full post: https://bostonpads.com/blog/boston-rental-market/can-you-afford-to-live-in-boston/ Over the past year, there has been a large increase in the average rental prices of Boston apartments. Rising inflation and a looming recession have worsened the affordability problem for renters and property owners alike- costs for property maintenance keep going up. There has been a 14.25% increase in the average rent of studio apartments and a 15.18% increase for 1- bedroom apartments. In comparison, 2-bedroom, 3-bedroom, 4-bedroom, and 5-bedroom apartments have risen by less- 12.77%, 8.79%, 10.32%, and 12.40%, respectively. With this real-time information, renters can keep track of apartment affordability. The city of Boston is looking to overtake San Francisco as the second most expensive place to live in the United States. However, the question of whether you can afford to live in Boston depends on many other factors, such as the general cost of living, how you commute to work, lifest...