Blog :: 01-2018

2018 Boston Housing Market: What You Need to Know

As Boston continues to experience an influx of growth, here's what you need to know about Boston's real estate market in 2018

With the arrival of corporate giants like GE—as well as the much-anticipated arrival of Amazon—Boston is on the fast-track to becoming a booming business and commerce center well beyond 2018. 

There are some sources that speculate metropolitan cities in the United States like Boston are currently overvalued, but it shouldn't immediately deter potential home buyers or renters from investing in the area. With proper research and planning, it can be possible to find the right luxury condo, apartment or home in the Boston area. 

To get an idea of the 2018 Boston housing market, we've picked these articles to provide an overview of what other real estate experts are saying: 

 

The Housing Market Looks Good Unless You're a First Time Millennial Buyer

The nation’s housing market for 2018 continues to look good, according to two recently released reports. But first-time millennial buyers will continue to struggle with affordability, especially in high-priced areas like Los Angeles, San Francisco, Boston, New York and Washington DC.

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Four Things to Watch Out For in 2018 Boston Real Estate

Every new year brings with it changes to housing markets, consumer preferences and how real estate professionals conduct business, and 2018 is no exception. It’s a year that will see sweeping federal changes take hold, as well as a number of local and regional changes that will impact housing markets in ways both big and small. From tax reform to rising interest rates to the impact of a potential major corporate relocation, here are some of the issues that will have the biggest impact on Boston real estate in 2018.

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Will That Remodel Pay Off? Here's the project payback for projects

Not all remodeling projects are created equal. In fact, some may help you resell your house more than others. In its annual Cost v. Value report, Remodeling magazine tracked the price and payoff for 20 of the most popular professional projects (midrange and upscale) in 100 US markets for 2017.

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Boston-area rent/price ratio tells tale of neighborhood potential

 “Asking price can be seen as a measure of the long-term prospects of a neighborhood,” NeighborhoodX research director Constantine Valhouli said over email. “Asking rent can be seen as a reflection of what the neighborhood is like right now.”

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Study Ranks Massachusetts as "Best State to Raise a Family"

Massachusetts ranks #1 Best State to Raise a Family according to 2018 study

Whether you're a young couple looking to build a family or a larger family seeking more opportunities, moving to the right place can be an overwhelming decision for anyone. Will there be relatives and friends nearby? How are the public schools for your children? Are there plenty of activities to engage different ages? Is the area you're interested in even affordable?

Massachusetts 2018 Best State to raise a family WalletHub published 2018’s Best & Worst States to Raise a Family to address many of these concerns. 

The WalletHub study evaluated each state based on 42 indicators of family-friendliness under five main categories—Family Fun, Health & Safety, Education & Childcare, Affordability, and Socio-economics. 

The highest average score between the five categories produced the overall rank.

The Results

Massachusetts, followed by Minnesota, New Hampshire, North Dakota and Vermont are the top five ranking states. The lowest ranking states are Louisiana, West Virginia, Alabama, Mississippi, and New Mexico. Connecticut (#11) and Maine (#17) were the only other New England states to make the Top 20.

"States can make family life better—or worse—by taking steps to ensure quality childcare and education and by providing economic programs that support families," says Anne L. Alstott, Jacquin D. Bierman Professor in Taxation at Yale Law School. "Families are inevitably affected by the cost of living, by child care, and educational quality, and by policies like family leave and mandated sick leave. And facilities like public transportation, public parks, and affordable housing can all improve the quality of family life."

In addition to earning the top spot, Massachusetts ranked #3 for having the lowest infant mortality rate. However, Massachusetts was recognized as one of the least affordable childcare costs in the country at #48. 

Review the full WalletHub study to see the complete list of rankings, methodology and expert panel. 

In 2017, Boston ranked #8 on The 25 Best Places to Live in the U.S. for its strong job market opportunities, low unemployment rate, and high desirability to live in the New England city. 

 

5 Classic Boston Sports Bars

It's no secret that there are few sports fans that are as avid and loyal as Boston sports fans.

Each Boston neighborhood has its own spots, so it's hard to name every amazing sports bar in Beantown!

Here are five Boston sports bars that are tried-and-true places to grab a few beers and cheer on the Celtics, the Red Sox, and the New England Patriots:

The All-Star Line Up

Cask 'n Flagon, 62 Brookline Avenue (also located in Marshfield)

Claim to Fame: The Fenway staple has been serving Boston sports fans since 1969

The Fours Restaurant and Sports Bar, 166 Canal Street (also located in Norwell and Quincy)

Claim to Fame: Recognized as #1 Sports Bar in America by Sports Illustrated—a claim that no other local sports bar refutes

The Bleacher Bar, 82A Lansdowne Street 

Claimt to Fame: With a centerfield view of Fenway Park, it's hard to think of a better place for Red Sox fans to enjoy the ball game. The space was previously used as the visiting team’s batting cage, as well as field storage.

The Harp, 85 Causeway Street

Claim to Fame: In addition to being a favorite sports bar and restaurant steps away from TD Garden, The Harp hosts a variety of nightlife entertainment that is perfect for post-game celebrations

Parlor Sports Bar, 3 Beacon Street, Somerville

Claim to Fame: Named 2017 Best Sports Bar by Boston Magazine and known for having a well-curated beer and cocktail list 

More Suggestions for Boston Sports Bars:

Romantic Restaurants in Boston

Have you thought about where to go for a special date night in Boston?

Whether you're looking to plan Valentine's Day dinner or surprise someone you love for no reason, these Beantown restaurants check all the boxes for a romantic evening. 

The Classics

It's no surprise that the highly-recommended romantic restaurants in Boston are French—after all, it is one of the most romantic languages and cultures in the world. 

  • L'Espalier, French, 774 Boylston Street, Back Bay
  • No. 9 Park, Italian/French, 9 Park Street, Beacon Hill
  • Bistrot du Midi, French, 272 Boylston Street, Back Bay 
  • Mistral, French, 223 Columbus Avenue, South End
  • Tasca, Spanish Tapas, 1612 Commonwealth Avenue, Brighton

The Newcomers

Spoke Wine Bar, 89 Bennet Square, Somerville

Spoke Wine Bar has been around since 2013, but has been under new management since April 2017. Late founder and original owner Felicia “Flea” Foster had stepped away from the restaurant in 2015 as she dealt with her amyotrophic laterals sclerosis (ALS) diagnosis. Spoke reopened last spring with new owner Mary Kurth and new executive chef Eric Frier who sought to combine their new ideas with well-loved Spoke's legacy. Foster, who passed away in October 2017, is remembered for her many accomplishments, fierce spirit and opening one of America's Top 20 Wine Bars and a Somerville neighborhood favorite. 

Benedetto, Italian, 1 Bennett Street, Cambridge (inside The Charles Hotel)

When The Charles Hotel made the decision to close Rialto in June 2016, shortly after the departure of chef and owner Jody Adams, the restaurant space was leased and replaced by Michael Pagliarini, chef and owner of Giulia. An Umbrian native, Pagliarini and his wife Pamela Ralston invite customers to "experience the re-imagining of rustic Italian recipes with luxe ingredients and artisan bravado." If the main plates aren't enough to entice you, perhaps Boston Magazine's review of the "enchanted sugarscapes" crafted by pastry chef Renae Connolly will hit your sweet spot. 

Café Du Pays, French-Canadian, 233 Cardinal Medeiros Avenue, Cambridge

The same restaurant group behind State Park, Mamaleh's and Hungry Mother—which closed in 2015—opened the new French-Canadian restaurant in July 2017. If the established restaurant collection doesn't indicate a positive future for Café Du Pays, the restaurant has earned 2017 Restaurant of the Year and 2017 Top Best New Restaurant. Not convinced enough to make reservations? Read this review.

Additional Recommendations

Check out the Boston Chefs website for a more comprehensive list of Valentine's Day restaurant specials.