Chicago vs. Boston: Cost of Living Comparison
Chicago and Boston are both iconic American cities that enjoy international acclaim. Boston is a relatively small city, but with a lot of history and plenty of opportunities. It is known around the world for being the cradle of American history, home to the Boston Common, and where you’ll find hardcore football fans cheering for the Patriots. By contrast, Chicago is a much larger city; it is the third most heavily populated city in the U.S. after New York City and Los Angeles. Chicago residents can enjoy Millenium Park, a modern public park spanning 24.5 acres, and cheering for the Bears. While some football fans may be loyal enough to pick a city based on their favorite team, we recommend comparing the cost of living and salaries in each city for a more complete picture.
Multi-family Homes in Boston for First Time Buyers
As rents continue to rise, more Bostonians are making concrete plans to buy their first Boston home and build equity. A condo or a single-family home in Boston may be the first options that come to mind- and there’s nothing wrong with that! However, if you want to invest and build more wealth in the long run, consider if your first Boston Real Estate purchase should be a multi-family home. While this path isn’t for everyone, it comes with significant benefits. As a multi-family property investor, you could deduct maintenance, insurance premiums, management fees, and other costs. Of course, the primary benefit is that your rental unit(s) will cover most, if not all, of your mortgage payment if you play your cards right. You’ll need to work with an experienced real estate agent as well as an experienced mortgage broker to find the right fit for you and your financial situation. Working with professionals that will guide you throughout the process is a winning strategy.
Here are some Boston multi- family homes for sale currently on market, but keep in mind there are many more options!
Inventory is Low, But Many Boston Apartments Are Still Available!
September 1 is quickly approaching and many renters are still searching for a Boston apartment in an extremely tight market. The real- time vacancy rate (RTVR) is now at 0.25% for the city of Boston and the real- time availability rate is 0.84%. Real estate agents all over the city are running out of properties to show, if they haven’t already. Low Inventory Syndrome (LIS) is affecting renters’ ability to find their next home. LIS is also affecting some real estate agents’ livelihoods.
Thankfully, Boston Pads partner offices have access to the largest real- time rental database in the region and still have plenty of listings to show- although it is considerably less than previous years. This is primarily due to housing supply not being able to keep up with demand. Currently, there are 746 non- luxury listings available. This time last year, there were 2,613 available listings. Even in 2019, when we had an extremely competitive rental market pre- pandemic, there were 1,854 available at the beginning of the day on August 26.
If you’re still looking for the right place to move into September 1, you should definitely make a decision quickly- but rest assured, we can help. Here are some of the metro Boston apartments for rent that are still available.
Somerville Apartment Rental Market Report 2022
We’re now two weeks removed from the peak of the 2022 apartment rental market and something remarkable is happening in Somerville. Historically, the real-time vacancy rate (RTVR) spikes on 9/1 on account of the large number of apartment leases expiring on 8/31. Over the past 3 years, Somerville’s September RTVR increased by +175.85% (2021), +293.10% (2020), and +272.73% (2019) compared to August. Now in September 2022, Somerville’s RTVR is up just +64.71% compared to August when RTVR was at an all time low in Somerville (0.34%).
In fact, both RTVR and real-time availability rate (RTAR) hit new record lows last month in Somerville. In mid August, apartment availability sank to a new historic low of 1.16%. RTVR bottomed out at an all-time low of 0.34% at the beginning of last month. Despite the unprecedented shortage of apartments in Somerville, MA, rent prices have yet to exceed their previous record-highs of 2020 as they have in most neighborhoods in Boston this year. Here are the main trends driving Somerville’s apartment rental market in 2022.
TCR Acquisition LLC ('TCRA') Responds to Demonstrably False Assertions by Kaleyra About TCR’s Offer to Acquire Its Subsidiary, The Campaign Registry
This is a public service response to factually incorrect assertions by Kaleyra made on August 24, 2022. Its purpose is to provide accurate information to shareholders, government regulators, and the general public.
Neither TCRA nor its advisors have engaged in an “unlawful campaign” to “coerce Kaleyra to sell The Campaign Registry to TCRA.” The Campaign Registry itself recruited on or about May 13, 2022 one of TCRA’s representatives, prior to TCRA’s formation, with the intention of having him identify a buyer for The Campaign Registry. A Non-Disclosure Agreement was requested and sent by The Campaign Registry which was executed. At no time did TCRA or any of its representatives or advisors endeavor to “coerce” Kaleyra into selling itself or any of its affiliates at a “low-ball price.” Neither TCRA nor any of its representatives or advisors made any false statement regarding Kaleyra or The Campaign Registry.
On or around June 9, 2022, in response to The Campaign Registry’s request to Giovanni Tarone that he find a buyer for it, a good faith “non-binding” offer was sent to Kaleyra offering to negotiate the purchase of Campaign Registry at a price to be negotiated and agreed on by the parties. There never was any “low-ball” price offer. Indeed, no specific purchase price was mentioned at all. Rather, TCRA’s non-binding Letter of Intent stated as follows: “Unless otherwise agreed to by both parties, and following completion of Due Diligence by Purchaser as defined herein, the Purchase Price for acquisition of 100% of the issued and outstanding common stock of TCRA shall be a multiple of net annual revenues, as agreed upon by Seller and Purchaser and put forth in the Stock Purchase Agreement, plus certain assumed debt or post-closing payment obligations set forth in the Stock Purchase Agreement.”
Medford Apartment Rental Market Report 2022
Based on the most recent rental supply figures, demand for Medford MA apartments has never been stronger. Thus far in 2022, both apartment availability and vacancy rates in Medford have remained 20-30% below their pre-pandemic levels from 2019. During COVID, rental supply levels and average rent prices remained stable in Medford compared to most Greater Boston neighborhoods.
Now as a result of the tight inventory, Medford’s average rent price is up +4.63% year-over-year and has surpassed its previous all-time high from July 2020 ($2,159) by $57. Let’s have a look at the trends moving Medford’s apartment rental market in 2022.
Is Boston good for real estate?
The city of Boston has experienced record housing market growth over the past decade. Median sale prices have soared on account of a tight supply of for-sale properties and growing demand. In 2011, the median sale price for a single-family home in Boston was $375,000. Just 11 years later, that figure has more than doubled to $812,000. With such rapid price growth, you may be wondering if Boston is still a good place to purchase a home that will appreciate in value long-term?
Boston is still a good place to buy real estate because the city’s long-term economic outlook is positive. Despite the current economic slump we’re experiencing, there are many reasons to believe that they are only temporary and Boston’s housing market will recover. Here are a few reasons why:
Malden Apartment Rental Market Report 2022
As rent prices are soaring to record levels all over the metro Boston region, Malden’s apartment rental market is looking stronger than ever. Both real-time vacancy rate (RTVR) and real-time availability rate (RTAR) in Malden MA have both reached record lows in the past 12 months. Because of the tight supply, average rent prices for Malden apartments have never been higher. Let’s take a look at the main trends driving the apartment rental market in Malden MA.
Record-Low Apartment Supply in Malden
The current apartment vacancy rate (RTVR) in Malden is 0.79%. That figure is down -72.76% from mid-August last year when the market was still recovering from COVID. In late July, Malden’s RTVR hit 0.55% which marked a record low. This has been the prevailing trend in Boston over the past few months.
Guide to Managing Postpartum Hair Loss
Postpartum hair loss is a common occurrence for women after giving birth. Many new moms see noticeable hair loss in the first six months after birth, and it can be disconcerting to some. After delivery, the body is depleted of estrogen and progesterone. This causes your hair to grow more slowly and thin out. Hormone fluctuations are inevitable for new moms, and so is hair loss..
Still, there are some things you can do to manage postpartum hair loss. Here are a few:
The most Expensive Rental Markets in the US
Despite the less-than-optimistic economic outlook, rent prices have been on the rise across much of the country this year. It appears like inflation is pushing prices up for renters, as the average rent in the US has risen by +14.75% since June 2021. Rents have surged even higher than the national average in several of the nation’s most expensive rental markets, namely in Miami (+28.35%), New York (+20.50%), and San Diego (+19.26%).
Here are the top 6 most expensive rental markets in the US.
