Buying Is Still A Lot More Expensive than Renting in Boston
While prices continue to rise in New England, owning a home might be more affordable than renting for some.
While prices continue to rise in New England, owning a home might be more affordable than renting for some.
Nearly one in four Boston renters spend more than 30 percent of their income on housing costs, according to a new report from Apartment List.
Residential rents in the city of Boston have risen by 6 percent in the last 12 months to $2,400 per month, according to a new report by apartment listing service Zumper.
Renters in Boston and Cambridge were paying twice the national average in April at over $3,000 per month.
More than two decades after voters banned local rent control, Gov. Charlie Baker signaled Tuesday he would not support a nascent push from several lawmakers to allow cities and towns to implement tenant protections, such as a limit on rent increases.
The former manager of a Massachusetts apartment complex for low-income tenants has pleaded guilty to stealing more than $8,000 from four residents and $40,000 from the owners.
U.S. consumer price growth slowed in February amid a decline in gasoline prices and a moderation in the cost of rental accommodation, the latest indication that an anticipated pickup in inflation probably will be only gradual.
Facing a rent hike for office space and struggling to retain highly qualified and specialized lawyers, Attorney General Maura Healey asked lawmakers on Tuesday to give her office more money in fiscal 2019 than Gov. Charlie Baker recommended in his budget proposal.
U.S. multifamily rents did not change in December, remaining at $1,359, and ended the year up 2.5 percent.
A decade of unprecedented growth in the rental housing market may be coming to an end.
Younger generations want to buy homes, and some still hold traditional views on the value of homeownership.
Potential renters have to come up with more than a deposit to rent in the Boston market these days; they’ll need excellent credit as well.
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