A major shortage of available rental units has pushed apartment prices to all-time highs in the Greater Boston area. The data suggests this is fundamentally rooted in a supply delivery conundrum.
Winthrop Sargent has had many jobs throughout his career. He has worked as the owner of a consumer products company, a senior consultant at an accounting firm and a contract CFO. The head of Winthrop Capital Advisors is also a member of the South Shore Economic Development Corp. and is trying to raise the area’s profile.
Efforts like Gov. Charlie Baker’s Housing Choice bill – which would amend state law to make it easier for local zoning boards to approve certain categories of housing – may assist in the creation of more market-rate housing in some communities. But it would not address the dire shortage of affordable housing units among the state’s poorest residents.
U.S. home resales fell more than expected in April, weighed down by a chronic shortage of houses on the market that is keeping prices elevated and sidelining prospective buyers.
