Condo Sales Dipped by -38% Last Month in Boston
Boston’s market for condo sales looks to be eroding in the face of rising interest rates and inflation. Total condo sales in the city last month were 325, a sharp -43.48% drop compared to August 2021. Last month, the Fed raised interest rates for the 4th time in 2022 to try and control rampant inflation. It seems to have stifled demand for Boston real estate, as last month’s total sales were the lowest for September in the last 5 years.
We can expect to see more of the same as we head into Q4, typically the low season for Boston’s real estate market. This week’s news of another rate adjustment of +75 basis points will continue to squeeze smaller buyers out of the market. If the recession drags on and mass corporate layoffs ensue, we could see demand destruction on par or worse than what we experienced after the last housing market crash in 2009.
With this in mind, it will only be a matter of time until Boston’s median sale price begins to come back down to earth. It is already trending down since it peaked at $825K in April of this year, but as of now August’s median sale price for condos ($759K) is still up +11.03% year-over-year. Look for Boston’s 30 day median sale price for condos to finish closer to $700K by December.
Risk of Eating Disorders in Pregnant Women
Eating disorders can have detrimental effects on families. Beyond the harmful effects eating disorders have on the individual, it can cause emotional stress and anxiety for loved ones as well. Struggling with body image is hard. For those with their struggle with body image, it can be even harder.
Can Pregnancy Cause Eating Disorders?
Eating disorders disproportionately affect females, and pregnancy has been known to induce the same body image concerns that individuals with eating disorders share. So for any woman struggling with body image during pregnancy, it’s important to understand they are not alone. However, your health and your baby’s health are much higher priorities, and eating disorders while pregnant can have damaging effects to both.
How Pregnant Women Can Reduce Risk Of CMV
Cytomegalovirus (CMV) is a common virus among all ages. According to the CDC, nearly one in 3 children have had CMV by the age of 5. For people with healthy immune systems, CMV rarely causes health problems and most people show no symptoms. However in rare cases, it can cause mononucleosis or hepatitis.
What Are The Symptoms of Cytomegalovirus?
The symptoms of CMV include fever, sore throat, fatigue, and swollen glands. Those with weakened immune systems are at higher risk of showing symptoms of CMV, especially more severe reactions affecting the liver, stomach, intestines, lungs, and eyes. Baby’s born with CMV are at increased risk of hearing loss, which is why it’s important that pregnant women prevent CMV infection.
Boston Pads Real Estate Database Now Exceeds 200,000 Boston Apartment Listings
BOSTON, MA, UNITED STATES, October 17, 2022 /EINPresswire.com/ — BostonPads.com has achieved another company milestone by surpassing 200,000 Greater Boston apartment listings in their real estate repository. This latest success comes just weeks after announcing their database surpassed 17,000 landlord contacts in August and 1 million property photos in September.
These latest company milestone’s have occurred during a year when Boston’s apartment rental market is experiencing record low apartment supply figures and record high average rent prices. The market volatility of the past 3 years combined with a poor economic outlook has put a premium on access to real-time market data for landlords and property managers.
Foods to Avoid While Your Breastfeeding
If you’re planning on breastfeeding, it’s important to understand the direct link between your baby’s health and your diet. Just like during pregnancy, what you consume will be passed on to your baby. Many new moms are aware of this, but aren’t sure what foods to avoid while they’re breastfeeding. This article will help you understand what foods could be a risk to your baby.
How is Inflation Affecting Contractors and Boston Real Estate?
Without a doubt, 2022 will go down in history as one of the worst years for inflation in modern U.S. history. With the Consumer Price Index above 8% since March, we’re seeing the highest inflation levels in 40 years. Thanks to poor fiscal responsibility and highly questionable energy policies, rampant inflation and supply chain bottlenecks are starting to cripple our future supply of new products introduced into the Boston housing market.
The cost of building materials is increasing by a much larger margin than CPI. The current PPI for New Nonresidential Building Construction is up by 24% over the past year. That triples the price increase for consumer products (CPI). Housing supply in Boston is already at a critical shortage, and now developers are faced with even more fiscal barriers in creating new housing inventory for Boston’s growing population. We could be entering a new age of unprecedented scarcity of new housing options.
Boston Pads Eclipses 1 Million Property Images In Their Growing Real Estate Database
BOSTON, MA, UNITED STATES, September 26, 2022 /EINPresswire.com/ — Boston, MA – BostonPads.com has reached another company milestone this week, surpassing 1 million listing images in their evergrowing real estate database. This announcement comes just a few weeks after their database eclipsed 17,000 Greater Boston landlord contacts in yet another company achievement.
Boston Pads CEO Demetrios Salpoglou points out that this achievement is a testament to how the company has been able to adapt to changes brought about by COVID. “During the pandemic, we saw a hundreds of landlords flock to our platform and seek cutting edge marketing solutions. Digital property images, 3D tours, and video became even more important to effectively market listings, and the team stepped up and delivered. They’ve added nearly 300K photos and 10K videos just in the last 3 years.” He further added, “We gained over 36,000 listings during the pandemic and the momentum continues to go our way as more landlords tell their friends about our unique value proposition.”
Should You Become a Real Estate Agent in Boston?
With interest rates rising and the nation’s housing market on the ropes, you may be wondering if it’s still a good idea to pursue a real estate career in Boston. While the short-term market outlook may not look too promising, there are still plenty of good reasons to start a rewarding career in real estate. Here are a few reasons why:
1. Boston’s Economy Is Still Growing
Boston has emerged as one of the biotech capitals of the world over the past decade. Boston-based startups have consistently increased the total amount of VC funding raised over the past 5 years, and Boston has solidified itself as the 3rd largest metro in the US by total VC funding raised.
Postpartum Health Tips for New Moms
The postpartum period can be challenging for new moms. Between the shifts in hormone levels, vaginal bleeding, and the newness of caring for your newborn, it can be overwhelming. Don’t neglect your own health and wellbeing. It’s so important that you prioritize your health as a new mom. Here are 6 postpartum health tips that will get your new journey off on the right foot.
1. Schedule Your Postpartum Checkup
One of your first priorities after giving birth is to schedule your postpartum health checkups with your OB/GYN or other obstetric care provider. The American College of Obstetricians and Gynecologists (ACOG) recommends that new moms schedule an initial health assessment within the first 3 weeks of delivery. They also recommend a more comprehensive postpartum followup within the first 12 weeks to assess physical, social, and psychological well-being. During this detailed assessment, you can address any medical concerns that you may be experiencing regarding your own health, sexuality, diet, exercise, emotional well-being, infant care and/or feeding.
Lowest September Vacancy Rates on Record in Boston Following 9/1 Leasing Rush
Boston’s apartment rental market looks much different this September than it has in recent years. Following a rental season where the city recorded some of the lowest supply figures on record, Boston’s vacancy rate currently sits at .46%, a record low for September. That figure is down -76.65% year-over-year and only marks a +64% increase since last month.
Typically on 9/1 in Boston, the vacancy rate surges as previous tenants vacate their leases. Nearly half of leases for Boston apartments begin on 9/1 due to the unusually large student population. In 2019 and 2020, the monthly-over-month vacancy rates jumped by +298.25% and +329.85% respectively in the first week of September, which was considered normal.
Now in the last two years, Boston’s vacancy rate went up by much lower margins. Last September, the month-over-month vacancy rate jumped by a much smaller +55.97%. In the first week of this month, that month-over-month increase was even smaller at +47.06%. Last year could easily be attributed to the fact that Boston’s rental market was recovering from the rental supply calamity of the pandemic. But this year’s smaller vacancy jump may prove that this trend is here to stay.
