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Renting in Boston: What’s the cheapest apartment available right now?

Renting in Boston: What’s the cheapest apartment available right now?

2001 Commonwealth Ave. | Photo: Zumper According to rental site Zumper , median rents for a one-bedroom in Boston are hovering around $2,447. But how does the low-end pricing on a Boston rental look these days — and what might you get for your money? We took a look at local listings for studios and one-bedroom apartments from Zumper and Apartment Guide to find out what budget-minded apartment seekers can expect to find. Read on for the cheapest listings available right now. (Note: Prices and availability are subject to change.) Hoodline offers data-driven analysis of local happenings and trends […]

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Real Estate

How bad is the housing crisis in Greater Boston?

How bad is the housing crisis in Greater Boston?

The country is facing a housing crisis : There’s a growing shortage of affordable units, and renters and homeowners in many places struggle to afford their monthly payments. The Greater Boston area isn’t faring any better. There are not enough homes to go around for everyone; homelessness is on the rise; and modern zoning practices continue to perpetuate racial and economic segregation, according to a new study authored by Northeastern professor Alicia Sasser Modestino . “We’ve had a lack of supply that’s been a chronic problem for decades, but when you combine that with a booming economy that’s drawing […]

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Real Estate

How investors flipping houses in Massachusetts are hurting the market

How investors flipping houses in Massachusetts are hurting the market

First-time home-buyers already have a tough market to break in to, but real estate investors (or ‘flippers’) make the process all the more difficult by scooping up the available housing stock and reselling homes at a higher price. [File photo] Hide caption Mandy King fell in love with the house as soon as she started walking up the driveway. The curb appeal, the cute detached garage, the spot on the lawn where she could already picture planting a garden. But King and her husband never got that dream home, located just off Whitmans Pond in Weymouth. She just accepted […]

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Real Estate

Foreigner buyers reportedly have cooled on Boston real estate

Foreigner buyers reportedly have cooled on Boston real estate

. David L Ryan/Globe Staff file US home purchases by foreign buyers dropped a staggering 36 percent between April 2018 and March, from $121 billion to $77.9 billion, according to a new report from the National Association of Realtors. The slowdown included home purchases made by both nonresident foreigners and recent immigrants or visa holders, and was evident across the board: US real estate purchases by citizens of Canada, China, Mexico, India, and Britain were all down from a year ago. But the drop in Chinese buyers was the most dramatic, plunging 56 percent: from $30.4 billion in 2018 […]

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Real Estate

Boston house where Whitey Bulger buried 3 victims for sale

Boston house where Whitey Bulger buried 3 victims for sale

799 East Third Street in Boston, Massachusetts. BOSTON — The Boston home where late mobster James “Whitey” Bulger and his gang buried three of their victims is for sale. The Boston Globe reports that the asking price for the 1,975-square-foot two-story home at 799 East Third St. on a 5,000-square-foot lot that also includes a second residence is $3.5 million. The home, which Bulger referred to as “The Haunty,” was once owned by a Bulger associate. During Bulger’s racketeering trial, a witness said he saw Bulger kill Arthur Barrett, John McIntyre and Deborah Hussey in the house. Their bodies […]

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Real Estate

Massachusetts condo and single-family prices hit all-time highs

Massachusetts condo and single-family prices hit all-time highs

Shutterstock Echoing milestones in Boston , housing prices in Massachusetts ascended to fresh records in June, according to the Massachusetts Association of Realtors . The median sales price for a condo reached $426,165, up 8.4 percent from June 2018. The median price for a single-family home was $440,000, up 2.3 percent from 12 months before. Both represented records. What’s driving the surge? “We’re hitting these record-high prices because we continue to have a historically low number of homes for sale,” Anne Meczywor, a broker/associate at Roberts & Associates Realty in Lenox and president of the Waltham-based realtors association, said […]

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Real Estate

Here’s How Much Of Their Income Mass. Residents Have To Fork Over For Their Mortgage, By City

Here’s How Much Of Their Income Mass. Residents Have To Fork Over For Their Mortgage, By City

Kaitlyn Locke/WGBH News Housing costs are spiking in the Greater Boston area — but not equally in every city and town. If you get the feeling that housing costs are skyrocketing in Greater Boston, it is not your imagination. The median house price in Massachusetts jumped 41% between the post-financial crash low of 2009, when the median price was $331,417, to today, when it’s $467,333. But here’s what’s really surprising: The median house price in Greater Boston is even higher than the median home price in the New York metropolitan area, and has been since 2013. It’s not the […]

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Real Estate

Here’s what you need to know about Boston-area development this week

Here’s what you need to know about Boston-area development this week

Welcome to Critical Mass., a weekly roundup of the most notable development news in the Boston area. This week’s includes new life sciences projects, a reimagined landmark in Fenway, and a new tower for Chinatown. Rendering via US2 The Somerville Planning Board has approved a a 175,000-sqauare-foot lab building at Somerville Avenue and Prospect Street. It’s a major part of the eventual 2.4 million-square-foot buildout of a 15.7-acre footprint in the Union Square area. Speaking of life sciences-slash-lab buildings, Manhattan-based developer Tishman Speyer is co-launching a venture to build real estate for drugmakers. And the venture’s first project will […]

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Real Estate

Renting in Boston: What will $2,100 get you?

Renting in Boston: What will $2,100 get you?

Curious just how far your dollar goes in Boston? We’ve rounded up the latest rental offerings via rental sites Zumper and Apartment Guide to get a sense of what to expect when it comes to scoring housing in Boston if you’re on a budget of $2,100/month. Read on for the listings. (Note: prices and availability are subject to change.) Hoodline offers data-driven analysis of local happenings and trends across cities. Links included in this article may earn Hoodline a commission on clicks and transactions. 126 Border St. (East Boston) Listed at $2,001/month, this 426-square-foot studio apartment is located at […]

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Real Estate

Boston’s median one-bedroom rent up nearly 6 percent annually in July, report says

Boston’s median one-bedroom rent up nearly 6 percent annually in July, report says

Shutterstock The median rent for a Boston one-bedroom was up 5.6 percent in July, to $2,450 a month, compared with the same time last year. The city’s median two-bedroom rent was up 3.3 percent over the same period. That is according to a new analysis of median rents in 16 Boston-area cities and towns from real estate research and listings site Zumper. The analysis tracked vacant and available apartments on Zumper’s database as of the start of July. Like other recent reports , it shows an especially expensive regional core. Cambridge is the most expensive municipality among the 16 […]

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