Rent Control Boston is once again at the center of a heated debate as housing affordability reaches critical levels. With the city’s real estate market booming and rent among the highest in the nation, many residents are being priced out of their homes. Could reintroducing rent control be the solution to Boston’s housing crisis, or […]
Boston Just Cause Eviction proposals have been at the center of debates since 2015, with implications for tenants, landlords, and the city’s real estate market. These legislative efforts aim to extend renters’ rights while balancing the concerns of property owners. Since 2015, legislative officials of Boston have been developing legislation concerning residential evictions in the
Economic factors affecting real estate in New England play a crucial role in shaping the region’s property markets. In 2019, the demand for residential and commercial real estate in New England was driven by key economic elements such as employment rates, wage growth, cost of living, and shifting lifestyle trends. While national economic conditions influence
Short-term rentals are reshaping the real estate market, but new regulations and appraisal challenges are key factors appraisers must navigate. Platforms like Airbnb and VRBO have introduced alternative rental models, creating opportunities and complexities for property owners and appraisers alike The digital age has disrupted many traditional businesses. Ridesharing has upset the taxi business; online
Fixed and variable expenses are essential components of the income approach to property valuation. This method estimates the value of a property based on its annual income, assuming a relationship between the net income generated and the price an investor would pay. The first step in this approach is calculating the net income for a
Cost approach in real estate appraisal is a critical method for determining property value. As part of standard practice, most commercial lenders require all three valuation methods—sales comparison approach, income approach, and cost approach—to be considered during an appraisal. However, this method is sometimes deemed unnecessary, sparking debates between lenders and appraisers. This article explores
Market Analysis in appraisals plays a pivotal role in determining property value. This essential section of an appraisal report not only influences a property’s value but also provides priceless insights into financial feasibility. Many readers tend to skip the Market Analysis and focus solely on the value estimate, missing critical data that could benefit owners,