“Get Real!” with Mildred Wong

Mildred_Portrait

MYTH: There is plenty of time to secure an apartment. September 1st is still seven months away.

FACT: Boston’s rental market remains one of the tightest and priciest in the country. In 2011, the vacancy rate was 4.4% at the end of June, and even lower in neighborhoods that are desirable to young professionals and students. Landlords quickly reached 100% occupancy due to fewer turnovers than in previous years. As a result, they raised rent prices because supply was low and demand was still strong. And most landlords left the cost of the broker fee to the tenant. Continue reading