Housing Market Cooling Down

In Boston, the once red-hot rental market is experiencing a serious downturn -- creating a renter's market unheard for years.

1 minute read

October 12, 2001, 4:00 AM PDT

By Christian Madera @http://www.twitter.com/cpmadera

"Boston's once-scorching rental market has begun to cool, with demand slipping and vacancy rates climbing from less than 1 percent this time last year to roughly 5 percent now. The new signs of the times: A for-rent sign on Charlestown's upscale waterfront with an offer of one month's free rent, South End landlords paying finder's fees for tenants, and renters redeeming coupons for $100-a-month rent reductions." However, housing advocates say that even with the recent changes, most workers still can't afford the average apartment.

Thanks to Christian Peralta

Read the full story: Suddenly, renters get edge

Thursday, October 11, 2001 in The Boston Globe

Housing Massachusetts

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