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https://bostonpads.com/blog/moving/what-is-a-good-salary-to-live-in-boston/ Are you thinking about moving to Boston and wondering what a suitable salary would be? You’re not alone. Boston is an amazing city- that’s why millions of people from across the world consider moving to Boston every year. Our metro housing market is known to be pricey- the cost of living in Boston is significantly higher than the national average. However, you do get what you pay for; although living in Boston is going to come at a premium, it’s often well worth the price of admission. So, why is Boston so expensive? Supply and demand. The demand for housing in Boston has outpaced supply for decades- leading to higher rents. We also experience high home purchase prices compared with most of the country. Housing cost is the largest expense you need to consider if you want to move to Boston. As a rule of thumb, you should budget to spend no more than 1/3 of your monthly salary on rent. Households need to have m...

https://bostonpads.com/blog/boston-rental-market/2023-boston-apartment-rental-market-report/ As of the first week of January, Boston’s apartment rental market seems to picked up right where it left off in 2022. Boston’s average rent price continues to push to new record highs with each passing week while apartment inventory is at an all-time low for January. Even as economic conditions have worsened and rent prices have declined nationwide, Boston rents have continued to climb due in part to the historically low new apartment supply we’re experiencing. Still, rent price growth has rapidly decelerated over the past few months in Boston. Based on current energy and fiscal policies, an economic resurgence is unlikely to happen any time soon. The problematic and confusing economic policies coupled with inflation also suggest that Boston’s rent prices are about to stagnate and possibly fall. Let’s take a closer look at the main trends driving Boston’s apartment rental market in 2023.

https://bostonpads.com/blog/boston-housing-market/2023-boston-sales-market-report/ Boston’s real estate market saw total property sales crater during the final quarter of 2022 amidst rising interest rates and a sluggish economy. The city’s 30 day median sales price took a nosedive in December as a result, dropping $67.5K compared to November 2022. With inflation still high, incoherent energy policies, tech layoffs and more rate hikes forthcoming; it appears like Boston’s real estate market maybe sliding towards a period of challenging times. Total Real Estate Sales in December Down 43% YOY In Boston Total sales for Boston real estate in December (347) marked a -43.76% drop compared to December 2022. Total sales for January 2022 fell ever further to 321. Even worse, Boston recorded 1,099 total real estate sales in MLS during Q4 2022 for all property types, which was the lowest Q4 total in the past 5 years. Without a doubt, the Fed raising interest rates 7 times last year put a damp...

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