May
22
2006
According to the report’s findings, employment dropped by over 160,000 since 2001; the population has fallen for the past two years in a row, mostly as a result of rapidly rising out-migration to places like New Hampshire, Arizona, and North Carolina; and the loss of population was disproportionately among young workers and their families. We also know that housing prices skyrocketed by 144 percent in Greater Boston between 1995 and 2004 so that the median single family home sold for $376,000 at the end of this period. Meanwhile, Class A apartment rents in the Boston metro region were the most expensive in the country, save those in New York City. Price and rents have stabilized in the past two years, but they remain among the highest in the country.