LandVest’s MAI (Member of the Appraisal Institute) appraiser, Mike Hart, recently attended the annual Economic and Real Estate Market Outlook, where different industry experts discussed the Boston housing market.
Here are the top five takeaways:
- Projected increases in disposable income supports growth in real estate spending
- Record housing affordability combined with easing credit conditions are boosting housing demand
- Boston’s job gains support the real estate market: Gaining back more jobs than were lost during the recession, companies like Google (who now occupy 306,000sf in Boston) are capitalizing on the access to graduates from the surrounding Universities who want to stay in the Greater Boston area
- Boston is one of the top three markets for new apartment investors, with very strong demand from young professionals in downtown “live-work-play” locale
LandVest appraisers are experts in understanding how national trends impact the value of special properties. For more information on how the global and regional economy is impacting your property values, contact Mike Hart, (617) 357-0430, mhart@landvest.com or David Rosen, (617) 357-8955, drosen@landvest.com
