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https://buymeacoffee.com/bostonpads/launching-real-estate-career-boston-opportunities-resources Starting out in real estate can feel both exciting and overwhelming. Every new agent encounters the same hurdles—finding reliable listings, building a client pipeline from scratch, and learning how to close deals in Boston’s highly competitive housing market. The truth is, enthusiasm and hard work alone aren’t enough. For those just beginning their careers, having the right tools, resources, and support system is essential to gaining traction and establishing long-term success.

https://www.prlog.org/13101083-boston-pads-surpasses-19000-landlord-contacts-in-growing-database.html Boston Pads, New England's largest real-time real estate platform, is proud to announce that its landlord network has officially surpassed 19,000 contacts in the Greater Boston area. This achievement underscores the company's commitment to providing renters, buyers, and landlords with the most extensive and up-to-date property information in Massachusetts.

https://bostonpads.com/blog/real-estate-investing/faq-property-inspections-for-boston-multifamily-investment-properties/ A property inspection is one of the most critical steps when buying or selling Boston multifamily investment properties. This article will cover everything you need to know about property inspections before buying or selling Boston investment real estate. Considering that the Greater Boston Area has numerous two and three-family properties that are often over 100 years old, it is a great idea to give your inspection process the due diligence it deserves. What is a property inspection? The goal of the inspection is to find any problems or possible problems with the property that may need to be fixed before its sale. A professional, licensed inspector thoroughly checks a building during a property inspection. Most of the time, the inspector will look at the building’s structure, its mechanical and electrical components, and any noticeable flaws or risks. Property ins...

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-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...

https://bostonpads.com/blog/real-estate-agents/can-real-estate-agents-in-boston-work-from-home/ The demand to work from home has increased, and real estate is no exception. Across industries, increased flexibility is the major reason professionals want to work remotely. Real estate already offers this perk. As a real estate agent, you can make your own schedule and maximize your time. However, working entirely from home is not a good idea if you want to be a successful real estate agent in Boston. Boston is a competitive market where you need to constantly meet people, build relationships, and interact with a swath of real estate professionals so you can better hone your strategies and closing abilities. Working in an Office is a Benefit Although many experienced agents take this for granted, there’s an incontrovertible truth that offices with a high in-person presence have more knowledgeable agents and close a greater amount of deals. New agents should take note of this, and ask th...

https://bostonpads.com/blog/real-estate-investing/should-your-first-boston-real-estate-purchase-be-a-multifamily-home/ If you’re a first-time home buyer fortunate enough to have some capital to put down, purchasing a multi-family home in Boston could open all kinds of doors for you! A multifamily property (or multi-dwelling unit) is defined as a residential building with two or more units under one roof or several buildings in one complex. Duplexes, townhouses, apartment complexes, and some types of condominiums are all examples of multifamily properties. The Boston real estate market, overall, continues to be robust- with renters in various multi-dwelling units staying put longer and renewing their leases at higher rates than in the past few years. With a ready down payment and the right mortgage, you can potentially purchase a multifamily property as easily as if you were buying a single-family home. Investing in a multifamily property in Boston can provide you and your family with...

https://bostonpads.com/blog/landlords/how-boston-property-owners-can-reduce-apartment-turnaround-time/ Attention Boston property owners. If you own or manage an unoccupied Boston apartment then you’re probably starting to feel a sense of panic. Each and every day that your apartment remains empty is costing you money. Have you actually sat down and calculated how much cash you’re losing? We’re talking about a potential of thousands of dollars per month. It’s bad for your bottom line and your stress levels. You purchased the property to make money, not lose it. The good news is that there are always people looking to move to Boston. That means you’re not limited to tenants who only want to move in by the popular September 1st date. Now, you just need to do what it takes in order to catch the attention of the right tenant. We can help. Here’s how Boston property owners can reduce apartment turnaround time.

https://bostonpads.com/blog/buyer/featured-greater-boston-homes-that-could-be-yours/ Buying a home is one of life’s great milestones. Whether you’re looking to buy a single-family home, a condo, or a multi-family home for sale in Boston, the decision to purchase real estate is a big one. Keep in mind, while the price tag might be smaller on a condo or single-family, multi-family homes might cost you less out of pocket each month. If you’re not sure how you want to move forward in your property ownership journey, you need to talk to professionals. A mortgage specialist will be able to help you figure out how much you can afford to purchase. They can also guide you if there are any steps you need to take before you qualify for a mortgage. A real estate professional specializing in Boston rentals and investment sales will be your best resource if you are considering purchasing a multi-family. It’s important to work with someone that can help you accurately price your rental unit(s) to m...

https://bostonpads.com/blog/real-estate-investing/how-to-get-started-investing-in-multi-family-homes-in-boston/ The Boston real estate market is hot- prices keep rising in 2022, making it intimidating for new investors. However, if you think it’s too complicated, or even impossible, to invest in the city’s thriving multi- family market then think again. In some instances, you may even be able to achieve a lower net monthly payment for a multi-family home in Boston than for a single-family home. Keep in mind, there are a few steps to follow if you want to successfully invest in Boston real estate. 1. First, do the Math Your first step should be to determine how much you can afford to pay. Depending on the loan product, the down payment can be anywhere from 5% to 30%, or more. Typically on an investor loan (non-owner occupied), lenders are looking for at least a 20% down payment. However, if you’re going to occupy a portion of the property, the down payment could significantly change.

https://www.thenewssources.com/boston-single-family-market-report/ Boston’s real estate market for single family homes took a big hit last month. Total single family sales in October were down by -14% year over year in Boston after the Fed raised interest rates in September by 0.75%. That was the third increase of 75 basis points in four months and 5th rate hike of 2022 up until that point. As a result, median sale prices for single family homes took a big hit in November and are trending downward. Boston Single Family Median Price Hits Lowest Point Since November 2021 Last month, Boston’s median sale price for single family homes was $759K. While still up +7.09% year over year, it was the lowest median sale price recorded for the City of Boston since October 2021. It was also a steep drop from the $943,013 single family median sale price recorded just a month earlier in September.

https://butlerdispatch.com/boston-condo-market-report/ The red hot real estate market in Boston is finally cooling off as we head towards the end of 2022. After a decade-long period of record growth, soaring inflation and rising interest rates have effectively put a chokehold on demand for Boston real estate. Year-over-year total sales for all property types in Boston have been in the red for 10 consecutive months now, the longest span since 2010. Even more concerning is the fact that total sales have dropped by margins below -20% for the past 4 months, indicating the demand destruction is accelerating.

https://www.thenewssources.com/boston-single-family-market-report/ Boston’s real estate market for single family homes took a big hit last month. Total single family sales in October were down by -14% year over year in Boston after the Fed raised interest rates in September by 0.75%. That was the third increase of 75 basis points in four months and 5th rate hike of 2022 up until that point. As a result, median sale prices for single family homes took a big hit in November and are trending downward. Boston Single Family Median Price Hits Lowest Point Since November 2021 Last month, Boston’s median sale price for single family homes was $759K. While still up +7.09% year over year, it was the lowest median sale price recorded for the City of Boston since October 2021. It was also a steep drop from the $943,013 single family median sale price recorded just a month earlier in September.

https://www.builtinboston.com/event/boston-real-estate-market-shows-signs-slowing/101007 Boston’s real estate market for condos notched a surprising spike in median sale price last month despite year-over-year sales being down by double digit margins. Boston’s median condo sale price in October jumped by +9.7% month-over-month, and is up +14.79% compared to October 2021. While the MLS data shows that prices are still up year-over-year, rising interest rates have already taken a toll on the demand for Boston condos and prices will likely begin to tumble soon.

https://bostonpads.com/blog/boston-housing-market/2022-q3-boston-real-estate-market-report/ As we enter the final quarter of 2022, it appears like the decade-long period of growth for Boston’s real estate market is grinding to a halt. The most recent MLS data shows that rising interest rates have effectively suffocated demand for Boston real estate in Q3. Total 30 day sales from September are down -37.24% compared to a year ago. Meanwhile, the total number of sales listings are up 25.10% over the same period. As a result, Boston’s 30-day median sale price has been slipping from the record high of $876,091 set in May of this year. Last month’s 30-day median sale price of $807,303 is still up by a slim margin (+3.64%) compared to September 2021, but current data trends show that year-over-year price growth will soon be in the red in Boston. Let’s take a look at the trends driving Boston’s real estate market. Demand For Boston Real Estate Waning In September, the City of Boston re...

https://bostonpads.com/blog/boston-housing-market/2022-q3-boston-real-estate-market-report/ As we enter the final quarter of 2022, it appears like the decade-long period of growth for Boston’s real estate market is grinding to a halt. The most recent MLS data shows that rising interest rates have effectively suffocated demand for Boston real estate in Q3. Total 30 day sales from September are down -37.24% compared to a year ago. Meanwhile, the total number of sales listings are up 25.10% over the same period. As a result, Boston’s 30-day median sale price has been slipping from the record high of $876,091 set in May of this year. Last month’s 30-day median sale price of $807,303 is still up by a slim margin (+3.64%) compared to September 2021, but current data trends show that year-over-year price growth will soon be in the red in Boston. Let’s take a look at the trends driving Boston’s real estate market. Demand For Boston Real Estate Waning In September, the City of Boston re...

https://www.realestatesign.ca/2022/09/30/august-real-estate-sales-down-38-year-over-year-in-boston/ Boston’s real estate market got chin-checked last month as total property sales in August dropped -38.26% compared to August 2021. Last month’s 476 real estate sales was the lowest total for August in the past 5 years and the largest year over year drop in monthly residential real estate deals over the same time span in Boston. Monthly property sales in Boston real estate have been trending below 2021 levels all year, with December 2021 being the last month where total sales were up year-over-year. Still, that figure never trended more than 25% below the previous year’s sales total until last month. Last month marked a sharp drop from the 771 property deals recorded in August 2021. It appears like the Federal Reserve’s rate hikes have finally put a chill on the Boston housing market, with news of their 4th rate hike of 2022 coming last month. Now with last week’s news of another r...

https://activerain.com/blogsview/5752504/condo-sales-dipped-by--43--last-month-in-boston?show_share=1 Boston’s market for condo sales looks to be eroding in the face of rising interest rates and inflation. Total condo sales in the city last month were 325, a sharp -43.48% drop compared to August 2021. Last month, the Fed raised interest rates for the 4th time in 2022 to try and control rampant inflation. It seems to have stifled demand for Boston real estate, as last month's total sales were the lowest for September in the last 5 years. We can expect to see more of the same as we head into Q4, typically the low season for Boston’s real estate market. This week’s news of another rate adjustment of +75 basis points will continue to squeeze smaller buyers out of the market. If the recession drags on and mass corporate layoffs ensue, we could see demand destruction on par or worse than what we experienced after the last housing market crash in 2009. With this in mind, it wi...

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.

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 be entering ...