Apartment Rents Have Gone Down, But Drop May Be Temporary Boston Condos For Sale Ford Realty

Two articles by Jay Fitzgerald in The Boston Herald, over the past couple of days, regarding apartment rents.

The Department of Housing and Urban Development says rents in Boston have gone down an average of 9.6% over the past year. That’s good news for renters. Local real estate agents, however, say they haven’t seen as large a decrease in pricing to back up the government’s data.

Meanwhile, Boston landlords say they fear that the rental market will become saturated, as the condo sales boom ends, and owners decide to rent out homes they can’t sell. This may also lead to lower rents.

NB: The above data is contradicted by an article by Stephen Ohlemacher at the Associated Press, which says that “overall”, rents have increased, nationwide, and that Boston is the third most expensive rental market, after Hawaii and California.

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