Area home prices may be still falling in places, but Boston’s apartment rents are expected to rise about 6.2 percent this year, on top of last year’s increase of 7 percent.
Says Scott: “Renters, are you feeling the heat yet? And are we headed for another real estate bubble, this time with apartments?”
A true bubble probably won’t happen until we see contractors scrambling to build new units, flooding the market with surplus supply. But we get the picture.