President Trump’s recent waffling on potential stimulus efforts could have sweeping effects for Boston apartment renters.
According to a new report from public policy think tank the Urban Institute, about 5.3 million American renter households are dealing with a job loss.
Beacon Hill Apartment Landlords
potentially losing a ton of money, are losing money and the number of vacancies are near record highs.
Reuters.com reports that in the second quarter, the national vacancy rate for apartments hit a 22-year high of 7.5%. Real-estate research firm Reis Inc. says that even compared with last year, vacancies are up 1.4 percentage points.
According to MLS Beacon Hill has close to 300 apartments for rent.
File Under: Boston apartment rents heading south
