The rental market in Boston has been great over the last few years, and only really improving. It’s going to be an interesting inflection point when the surplus of new apartments being built meets the demand, and the prices either remain constant, or undergo a change depending on vacancy numbers across the city. It’s these little factors that will have a huge impact on both investors holding onto property, owners looking to sell, and first time buyers considering renting vs buying.
If the prices drop for rentals, expect inventory to increase for homes for sale as investors are looking to find a better return for their money. If prices remain constant, I wouldn’t expect an increase in inventory around the city.
Take a look at some more information from Scott Dobos in this video!
