BOSTON, MASSACHUSETTS – MAY 13: Pedestrians walk through Fan Pier Park in the Seaport neighborhood on May 13, 2020 in Boston, Massachusetts. There have been over 11,000 confirmed coronavirus (COVID-19) cases reported in Boston. A stay at home order was put into effect by Governor Charlie Baker on March 24 and Phase 1 of reopening the state is expected to begin May 18. (Photo by Maddie Meyer/Getty Images)
Home prices in the Boston area have soared in recent years as the area approaches what one investment bank calls a "bubble".
Boston was one of 25 high-priced cities across the world studied by Swiss financial services company UBS. The report ranked several as so overpriced compared to local wages that they’re considered to be in a housing bubble.
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