Boston real estate

Boston real estate

You might think adding supply for Boston condo and rentals brings prices down, yet when a lot of new Boston high rise condo and apartment buildings go up in a neighborhood, the Boston media reports median asking Boston apartment rents goes up. But wait, doesn't that defy the laws of economics? It is simple math some would argue: these new high rise buildings are priced above the median sale or apartment rental price to make their investment work, so the median rises.

Western Springs, Illinois took first place, while Massachusetts' own Lexington and Winchester placed second and third. Lexington experiences a property crime rate of 2.937 per 1,000 and a violent crime rate of 0.294 per 1,000. The annual cost of living there runs about $145,764 per household. The mean household income in the area sits just above $300,000. The average value for a single-family home in Lexington is $1,697,821.

A new report by the Boston Business Journal determined these rankings through its Wealth Index, which analyzes per-capita income, owner-occupied housing, and home value data from Zillow and the Census Bureau. Knocking Dover out of its top spot from 2024, Back Bay, or 02116, was ranked the wealthiest zip code in Massachusetts with a $1.3 million median home value. The South End came in second place, despite its 24% poverty rate.

Renovated, well-priced homes in the Boston suburbs and parts of the Boston condo for sale market are actually selling into a quasi-seller's market, while properties that haven't been updated in a number of years, or are priced too high, are stuck in a much larger sort of buyer's market. Cash and international buyers, which often are one and the same, are the biggest drivers of the sustained demand for luxury homes in the city.

One of the top must haves I hear from (out of state) new Boston condo for sale buyers? A straightforward commute to downtown Boston. With many companies now requiring a few days a week in the office, living near reliable public transit has become more important than ever. If you're house hunting with that in mind, here are the neighborhoods I think offer the best access to the T (subway):

The Beacon Hill broker cherishes family gatherings and finds solace beside the lake, reflecting on the loss of children from the past, longing for connection.

The public library was his sanctuary, a haven of quiet reflection amidst the chaotic pulse of the Boston condo for sale market.

Selling a Boston condo today presents numerous challenges, including market conditions that make it tougher, with no margin for error in pricing strategies.

VantageScore 4.0 has been allowed for loan purchases by Freddie Mac and Fannie Mae, marking a significant shift in federal lending policy and competition with FICO scores.

Jim observed a warm, sunny beach scene at Cape Cod, with happy families enjoying their vacation. In contrast, his Beacon Hill apartment suffered from harsh city heat.

The story illustrates that often, the need for a push can lead individuals to accomplish tasks they initially perceive as unachievable.

In response to recent media speculation, Shell wishes to clarify that it has not been actively considering making an offer for BP and confirms it has not made an approach.

"We don't have drivers, we don't have security details. There's a misnomer in the public that we're isolated. We go to the grocery store, we go to Home Depot, we go to big box stores. People see us. We're not in an ivory tower."

Holyoke Public Schools will officially return to local control July 1 after a decade in state receivership, making it the first district to exit state control.

Our initial reaction was that the new rules would shift funds from fiber to satellite, a negative for wired providers... We still think that but in talking to numerous stakeholders, that magnitude of the shift may be less than we initially thought.

A home inspection is a detailed review of a home's condition, typically done during the buying or selling process.

Eastham offers a unique investment opportunity due to its combination of affordable housing and high rental demand, appealing particularly to small investors.

The rising rental income in Falmouth significantly eases the burden of mortgage payments for property owners, making it a promising choice for investors.

Heartbroken beyond words," Hilton wrote while sharing live ABC7 footage of the smoldering remains of her home. "Sitting with my family, watching the news, and seeing our home in Malibu burn to the ground on live TV is something no one should ever have to experience.

Most buyers need to earn $100,000 to $135,000 per year to afford a $400,000 home, based on average interest rates and a modest down payment.

For decades, the Sacklers put profits over people, and played a leading role in fueling the epidemic. While no amount of money can fully heal the destruction they caused, these funds will save lives and help our communities fight back against the opioid crisis.

The average monthly cost for the six most common utilities is about $523, and understanding these costs can significantly influence your home budget.