{"id":139172,"date":"2021-07-27T13:30:00","date_gmt":"2021-07-27T19:30:00","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=139172"},"modified":"2023-03-28T04:53:31","modified_gmt":"2023-03-28T10:53:31","slug":"boston-market-2021","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/boston-market-2021","title":{"rendered":"What&#8217;s Up in Boston? A Realtor Breaks Down the Market"},"content":{"rendered":"\n\n      <iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC3906818622&#038;light=false\" width=\"100%\"><\/iframe>  \n\n\n\n\n<p class=\"wp-block-paragraph\">With nearly 700,000 people living in Boston, it\u2019s safe to say New England\u2019s largest city found itself going through drastic changes over the past year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We had the chance to sit down with Michael Ahearn, a Boston native and Realtor at Coldwell Banker in Boston\u2019s South End. He shared his expertise as a resident and Realtor, discussing insights in the market going forward.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How has the pandemic impacted Boston real estate?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the COVID-19 pandemic rattling dense cities everywhere in the United States, Boston hasn\u2019t been affected nearly as badly as others. During the pandemic, Boston declared real estate professionals essential workers, which kept the wheel turning. Not to mention, the Fed implementing extremely low interest rates helped the housing market surge over the past year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As of May 2021, the Greater Boston area has a hot real estate market that isn\u2019t showing signs of slowing down.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe\u2019ve seen a dramatic increase in buyers looking for single-family homes in the suburbs with office space and yards,&#8221; says Ahearn. &#8220;Combining the fact that buyers are looking for space along with low interest rates, we have a hot seller\u2019s market.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the Boston Globe, the <a rel=\"noopener noreferrer\" href=\"https:\/\/www.bostonglobe.com\/2021\/05\/19\/business\/greater-bostons-housing-market-still-soaring-putting-ownership-further-out-reach-many\/\" target=\"_blank\">median price of a single-family home<\/a> in Boston has risen to $765,000. In the suburbs, bidding wars abound. At a certain point, COVID-19 took away tourists, and the city slowed down, much like the rest of the world. However, the attractiveness of Boston has helped bring it back to the thriving city it was pre-pandemic. Foreign buyers recognize the city as a key investment as well.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n  <div id=\"posts_lists-block_60f84b3a4dad8\" class=\"  my-10\">\n    <div class=\"\">\n      <!-- Column One -->\n      <div>\n                  <h2 class=\"mt-0 mb-1 js-toc-ignore\">\n            More advice from BiggerPockets          <\/h2>  \n                  \n                  <div class=\"mt-1 mb-0 text-sm mb-2 excerpt\">\n            <span data-sheets-value=\"{\" data-sheets-userformat=\"{\">Analyze any real estate deal like the pros.<\/span>          <\/div>\n        \n                  <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/buying-selling\/deal-analysis\" class=\"no-underline text-themeBlue-medium hover:underline uppercase font-semibold text-sm\" target=\"_blank\">Finding Deals<\/a>\n        \n        <div class=\"grid grid-cols-1 gap-y-4 lg:gap-y-7 mt-5\">\n          \n<article \n\tid=\"post-189373\" \n\tclass=\"content-card mb-0 flex flex-col  post-189373 post type-post status-publish format-standard has-post-thumbnail hentry category-deal-analysis\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/how-to-find-people-ready-to-sell-in-any-real-estate-market\" target=\"_blank\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"340\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2024\/05\/finding-deals_canva-340x225.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"How to Find People Ready to Sell in Any Real Estate Market in 20 Minutes\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/buying-selling\/deal-analysis\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Finding Deals<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">5 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2024\/08\/cropped-garrettbrown-150x150.jpeg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2026-09-16T10:50:57-06:00\">Sep 16, 2026<\/time><time class=\"updated\" datetime=\"2026-09-16T10:51:00-06:00\">Sep 16, 2026<\/time><\/span><\/span>&nbsp;<a href=\"https:\/\/www.biggerpockets.com\/blog\/contributors\/garrettbrown\" class=\"no-underline line-clamp-1\" target=\"_blank\">Garrett Brown<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/how-to-find-people-ready-to-sell-in-any-real-estate-market\" rel=\"bookmark\" class=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tHow to Find People Ready to Sell in Any Real Estate Market in 20 Minutes\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">I&#8217;ve had my real estate license since 2016. For the first couple of years that I was trying to find my own deals, I did what basically every new investor&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"js-comment-count text-slate text-opacity-80\" data-post-id=\"189373\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-189373 -->\n<article \n\tid=\"post-189214\" \n\tclass=\"content-card mb-0 flex flex-col  post-189214 post type-post status-publish format-standard has-post-thumbnail hentry category-deal-analysis\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/deal-diary-martin-castro\" target=\"_blank\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"340\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2025\/07\/homes_canva-7-340x225.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"How Martin Castro-Silva Flipped His Way to 11 Deals\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/buying-selling\/deal-analysis\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Finding Deals<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">3 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2024\/08\/cropped-garrettbrown-150x150.jpeg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2026-09-01T09:15:16-06:00\">Sep 01, 2026<\/time><time class=\"updated\" datetime=\"2026-09-01T09:15:19-06:00\">Sep 01, 2026<\/time><\/span><\/span>&nbsp;<a href=\"https:\/\/www.biggerpockets.com\/blog\/contributors\/garrettbrown\" class=\"no-underline line-clamp-1\" target=\"_blank\">Garrett Brown<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/deal-diary-martin-castro\" rel=\"bookmark\" class=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tHow Martin Castro-Silva Flipped His Way to 11 Deals\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">Name Martin Castro-Silva Location Vero Beach and Sebastian, Florida Occupation Full-time real estate investor (former private client banker at Chase) Assets 11 properties transacted in 2025 (seven flipped, two rentals&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"js-comment-count text-slate text-opacity-80\" data-post-id=\"189214\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-189214 -->\n<article \n\tid=\"post-189138\" \n\tclass=\"content-card mb-0 flex flex-col  post-189138 post type-post status-publish format-standard has-post-thumbnail hentry category-deal-analysis\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/deal-diary-andres-martinez\" target=\"_blank\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"340\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2025\/05\/hidden-deals_canva-340x225.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"From Waiting Tables to $13K\/Month: How Andres Martinez Used Co-Living to Build a 14-Property Portfolio\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/buying-selling\/deal-analysis\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Finding Deals<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">3 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2024\/08\/cropped-garrettbrown-150x150.jpeg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2026-08-25T13:48:26-06:00\">Aug 25, 2026<\/time><time class=\"updated\" datetime=\"2026-08-25T13:48:29-06:00\">Aug 25, 2026<\/time><\/span><\/span>&nbsp;<a href=\"https:\/\/www.biggerpockets.com\/blog\/contributors\/garrettbrown\" class=\"no-underline line-clamp-1\" target=\"_blank\">Garrett Brown<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/deal-diary-andres-martinez\" rel=\"bookmark\" class=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tFrom Waiting Tables to $13K\/Month: How Andres Martinez Used Co-Living to Build a 14-Property Portfolio\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">Name Andres Martinez Location Dallas, Texas Occupation Full-time real estate investor (former waiter and jazz musician) Assets 14 properties (10 owned, four under management), 107 co-living rooms, ~$27,000\/month gross portfolio&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"js-comment-count text-slate text-opacity-80\" data-post-id=\"189138\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-189138 -->\n<article \n\tid=\"post-189050\" \n\tclass=\"content-card mb-0 flex flex-col  post-189050 post type-post status-publish format-standard has-post-thumbnail hentry category-deal-analysis\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/deal-diary-aaron-murphy\" target=\"_blank\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"340\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2026\/04\/homes_canva-11-340x225.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"The Framework Behind a 75-Unit Portfolio: How Aaron Murphy Replaced His Income in 11 Years\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/buying-selling\/deal-analysis\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Finding Deals<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">3 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2024\/08\/cropped-garrettbrown-150x150.jpeg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2026-08-19T12:31:08-06:00\">Aug 19, 2026<\/time><time class=\"updated\" datetime=\"2026-08-19T12:31:10-06:00\">Aug 19, 2026<\/time><\/span><\/span>&nbsp;<a href=\"https:\/\/www.biggerpockets.com\/blog\/contributors\/garrettbrown\" class=\"no-underline line-clamp-1\" target=\"_blank\">Garrett Brown<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/deal-diary-aaron-murphy\" rel=\"bookmark\" class=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tThe Framework Behind a 75-Unit Portfolio: How Aaron Murphy Replaced His Income in 11 Years\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">Name Aaron Murphy Location Baltimore, Maryland Occupation Full-time real estate investor Assets 75 rental units, in-house construction, maintenance, and property management Investment strategy House hacking, BRRRR, vertically integrated renovation and&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"js-comment-count text-slate text-opacity-80\" data-post-id=\"189050\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-189050 -->        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n\n  \n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Suburbs are hot, but is the city overlooked?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">There\u2019s no question that suburban living became coveted during the pandemic. But Ahearn believes that things are starting to revert to pre-pandemic norms.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cBidding wars are more commonplace in the city once again,&#8221; he says. &#8220;Traffic is back on the roads, and people are realizing that buying that suburban single-family might not actually fit their lifestyle now that the end of the pandemic is in sight.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Working from home will continue, but the trend towards going back to the office is fast approaching. With that in mind, buyers want shorter commutes and the convenience of public transportation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Even though we are likely to see a shift back towards the city, there\u2019s still untapped potential in certain neighborhoods. Ahearn listed areas that have seen spurs of luxury high rises, new shopping centers, restaurants, and other signs of development.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThere are still neighborhoods that investors should consider though, ones that have potential to appreciate healthily: neighborhoods like East Boston, Dorchester, Roslindale, and even Chelsea,&#8221; he says. &#8220;Quincy, our nearest city to the southeast, is also a great place to invest, as home values there have been steadily increasing, and it is serviced by Red Line train from Boston.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another positive indicator is that Boston continues to see growth when many people are leaving the Northeast. People worldwide visit the city for its rich history and move there for job opportunities in growing industries.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cOur growing biotech industry, along with other large corporations moving to and investing in Boston, is also providing a layer of insulation from market fluctuations that affect other cities (even within this state),&#8221; says Ahearn. &#8220;Foreign investors also recognize Boston as a safer place to put their capital. All these things converge to make Boston real estate a shrewd investment.\u201d<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<div id=\"hero-block_62df1a82bfc88\" class=\"first:mt-0 hero-block py-4    has-background has-slate-200-background-color has-text-color has-theme-gold-color\">\n    <div\n        class=\"gap-10 lg:gap-20 flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n\n        <div class=\"relative z-30 lg:w-2\/3 \">\n            <main class=\"py-4\">\n                \n\n<p class=\"has-slate-800-color has-text-color has-large-font-size wp-block-paragraph\" style=\"font-style:normal;font-weight:800\">Become an unforgettable agent<\/p>\n\n\n\n<p class=\"my-3 md:my-5 lg:my-8 has-slate-900-color has-text-color wp-block-paragraph\" style=\"font-size:16px\">Only 13% of real estate agents make it past five years in the industry. Set yourself apart with the skills experts use to succeed with <em><a class=\"rank-math-link\" href=\"https:\/\/store.biggerpockets.com\/products\/sold-every-real-estate-agent-s-guide-to-building-a-profitable-business?utm_source=blog&amp;utm_medium=blog%20banner\" target=\"_blank\">SOLD: Every Real Estate Agent\u2019s Guide to Building a Profitable Business<\/a><\/em>.<\/p>\n\n\n\n<div id=button-custom-event-block_64134fe56b103 class='button-custom-event'>\n      <a href=\"https:\/\/store.biggerpockets.com\/products\/sold-every-real-estate-agent-s-guide-to-building-a-profitable-business?utm_source=blog&#038;utm_medium=blog%20banner\" x-on:click=\"window.analytics.track(&#039;Blog Block | Publishing: SOLD Book&#039;, {\n      referrer: &#039;https:\/\/www.biggerpockets.com\/blog\/boston-market-2021&#039;,\n    });\" class=\" btn-shape inline-block no-underline has-background has-theme-gold-background-color has-text-color has-white-color\" target=\"_blank\">Get Your Copy<\/a>\n  <\/div>\n\n            <\/main>\n        <\/div>\n\n                <div class=\"lg:w-1\/3 first:mt-0 relative h-full lg:flex lg:items-center\">\n            <img decoding=\"async\" class=\"object-cover w-full relative z-20 my-0  rounded-md hidden lg:block\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/04\/sold-1.png\" alt=\"\" title=\"\">\n        <\/div>\n            <\/div>\n<\/div>\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">The rental market<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Boston is well-known as a popular rental area, especially for students. Prior to the pandemic, Boston had a rate of about 1%. According to Boston Pads, in March 2021, that same rate jumped all the way to 5.44%. Factors such as remote education were influencing whether students would continue to rent or live at home. While places continue to open up again, guidelines are still unclear whether students will return to school or continue remote learning.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As of right now, Ahearn thinks that the rental market in Boston is already starting to bounce back.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cLandlords in Boston were getting 25-30% less in rents than they had been in previous rental cycles,&#8221; he says. &#8220;That is changing as we continue to see monthly rents closer to pre-pandemic prices.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Even though rental prices are still lower than what they used to be, the short supply of housing is causing a new buzz to rent. People that may have initially wanted to buy a home now have no other choice but to rent in many situations. There simply aren\u2019t enough homes to buy, which makes people rent longer. If companies continue to bring back employees and education shifts back to in-person schooling, be on the lookout for a full rental market bounce back.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The spring market and beyond<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">For the real estate market in general, the spring market started back in January. With no signs of slowing down, the market will likely continue throughout the summer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There\u2019s lots of optimism that the pandemic end is near as the U.S. continues to open back up, especially with vaccinations being rolled out in the United States. In Massachusetts, the Mayo Clinic reported that 69% of residents have had at least one dose up to this point.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Even though restrictions are getting looser and people are more comfortable living in the city, there are still not enough homes for sale. People looking to buy a home will have to hold off and let the market level out.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cMany buyers have said \u2018enough is enough\u2019 and are temporarily suspending their searches in frustration after months of making offers to no avail. This, coupled with increasing inventory and interest rates ticking up, should help level the playing field for buyers, come late summer or early fall,\u201d Ahearn says.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With the end of the pandemic in sight, the balance is shifting towards city living again\u2014at least in Boston. New England\u2019s largest city has had to shake off the repercussions of the pandemic just like everybody else. Boston is seeing a quick rebound despite going through changes. It remains an attractive spot for college students, tourists, and out-of-state investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With nearly 700,000 people living in Boston, it\u2019s safe to say New England\u2019s largest city found itself going through drastic changes over the past year. Here&#8217;s what to know.<\/p>\n","protected":false},"author":159074,"featured_media":139208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7119,4252],"tags":[],"class_list":["post-139172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-daily","category-deal-analysis"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/139172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/159074"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=139172"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/139172\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/139208"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=139172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=139172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=139172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}