Boston is Healthiest City of Country’s 25 Big Cities
WalletHub.com recently released a study showing Boston as the country’s healthiest city. “WalletHub compared the real-estate markets in 25 of the largest metropolitan areas across 10 key metrics. Our data set ranges from the interest rate on a first mortgage to the percentage of households that have received state or local assistance on their first housing loan”.
“As of the first quarter of 2015, for instance, about 255,000 consumers had a bankruptcy notation added to their credit reports, the lowest quarterly total since 2006. Foreclosure rates have also dipped to their lowest since that same year. In addition, lower down payments and higher approval rates for people with average credit scores indicate a growing housing market.”
Given such promising evidence of steady economic recovery, and with Boston’s current building boom, is it time to invest more into Boston real estate? Read the report for yourself with the link below. Interested in speaking with a local real estate investment specialist? Give us a call at 617-297-8641 and let talk about Boston’s future.
The Hamilton Co. recently broke ground on a new six-story, 49,000-square-foot apartment building in Brighton.
The property, located at 40 Malvern St., is the first step in the company’s plan to invest $100 million in Packard’s Corner, in Boston’s Allston neighborhood.
The complex is expected to be completed in September 2016, and will have 48 units, each with two bedrooms and two baths. The units will average 900 square feet and the top-floor units will have views of the Charles River. Rents will start at $2,600 a month.
Amenities for residents will include off-street parking, a “green” roof garden and access to both a Hamilton-owned recreational facility and the MBTA.
“This project is an excellent example of a transit-oriented development that will transform a parking lot into much-need housing,” Brian Golden, director of the Boston Redevelopment Authority, said in a statement. “I congratulate Hamilton Co. on its success, and I look forward to seeing the building come to life.”
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