March 30, 2009 Mara Bushari

As inventory in Boston and across the country expands, rents are dropping quickly in major metro areas. Sellers who don’t need to sell or can’t get the price they want list their homes on the rental market as well as the sales market. Boston ranked as 10th on Business Week’s list of metro areas with the largest rent drops in the Q4 2008 compared to Q4 2007. According to the study, Boston rents slid 2.8% year-over-year to an effective rent of $1,634.20 per month. With large job cuts in the financial industry hitting local employers like State Street and Fidelity Investments, the unemployment rate climbed to 5.0% in November 2008 compared to 3.6% in November 2007. The apartment vacancy rate hit 6.0% in the fourth quarter last year from 4.7% in the same period in 2007. Boston landlords are giving an average of 1.3 weeks of rent concessions.

Mara Bushari

Mara is a creative thinker and strategic marketer. She graduated Summa Cum Laude from Boston University’s College of Communication and worked in international finance before joining The Bushari Team. Mara strives to exceed expectations. As Client Relations Specialist, she is a key facilitator in all team transactions, making the buying or selling process as stress-free as possible for the client. Mara learned many of her extraordinary organizational and problem-solving skills during her service in the Israeli Defense Forces, where she earned the “President’s Award” for exceptional service. In the military, Mara solidified her abilities to achieve top results in high pressure and time sensitive situations. In her spare time, Mara enjoys skiing, photography and writing.

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