unaffordable-boston-real-estate

Greater Boston Housing Report Card Shows City Is Less Affordable Than Ever. From B&T

Despite a value decline of 18 percent since the peak of the real estate market in 2005, housing in Greater Boston is less affordable than ever, and that significantly threatens the region’s economic future.

That was the conclusion of the 2009 Greater Boston Housing Report Card, prepared by the Kitty and Michael Dukakis Center for Urban and Regional Policy at Northeastern University, along with The Warren Group, publisher of Banker & Tradesman, and the Citizens Housing and Planning Association.

The article also states that:

“We’re still not in the situation where we are creating housing at all price points that combats the disadvantage in the region, and that’s a serious problem in the medium and long term,” Grogan said.

And by 2006, according to Bluestone, Greater Boston lost 6 percent of its population it had in 2000. People are leaving in search of a cheaper place to live.

Grogan said Boston’s major resource was intelligence: it’s the university and hospital capital of the country. But without enough affordable housing to both retain the talent that comes through the city, and to give local families and their children the opportunity to become that talent, Boston could find itself left behind in the 21st century economy.

“It really goes to the whole talent question: Will this region have the talent, the manpower to have a stable economy going forward?” Grogan said. “We absolutely need to have public policy that will allow people to stay, and let people to choose to stay.”

Read the full Boston real estate story

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

Comments

comments

Call Now