So, in order to buy a home over the past couple of years, more and more people have turned to “exotic” loans. You know, interest only loans, and option ARMs.
Option ARMs are where buyers have a choice of payments to make on their mortgage loans. Borrowers can pay the typical payment, which […]
Fannie Mae’s board of economists have come out with a new prediction on the direction of housing prices and interest rates, over the coming months.
Hey, their predictions are as good as anyone else’s, right
What do they foresee?
Well, first, they say that, over the past 12 months, housing affordability has improved.
“During this period, the effective mortgage […]
Although buying a house or condo seems risky right now, to some people, it still makes sense, for most, at least according to this reporter from The Washington Post:
It’s easy to get caught up in the upward scooting of mortgage interest rates. But take the northward movement with a grain of salt.
Some people act like […]
The following information is from the local MLS database, as of August 27, 2006.
Total # of condos for sale in the city of Boston: 2787 (-50)
Average # of days on market: 129 (same)
Median price of all condos for sale in the city of Boston: $379,000 (same)
Average price of all condos for sale in the […]
The following information is from the local MLS database, as of August 20, 2006.
Total # of condos for sale in the city of Boston: 2837 (-39)
Average # of days on market: 129 (+5)
Lowest priced condo in city of Boston: $105,900, a 428 square foot one bedroom in Dorchester.
Second lowest priced condo in city […]
Our local MLS is only as good as its data. Not every Boston agent uses MLS, to list their properties. I report MLS data on listings, under agreements, and sales, because it gives a good (and accurate) picture of what’s going on in the market, if ou compare the numbers to previous […]
From a reader:
Re: Boston condo sales data, August 12, 2006.
Hi John, any idea how these numbers compare to a year ago? I see median prices are down about 7% from your late May report and average prices are down about 14% from the same time, but I know that year-over-year comparisons are much more relevant. […]
The following information is from the local MLS database, as of August 13, 2006.
Total # of condos for sale in the city of Boston: 2876 (-51)
Average # of days on market: 124 (+1)
Lowest priced condo in city of Boston: $105,900, a 428 square foot one bedroom in Dorchester.
Second lowest priced condo in city […]
From The Real Estate Journal:
As soon as you graduate and land a job, you are supposed to move quickly to build up an emergency reserve, buy a house, fund your employer’s 401(k) plan and open an individual retirement account. Worthy goals? Certainly. Realistic? I don’t think so.
My advice: If you’re just out of school, don’t […]
The following information is from the local MLS database, as of August 6, 2006.
Total # of condos for sale in the city of Boston: 2927 (-53)
Average # of days on market: 123 (+1)
Lowest priced condo in city of Boston: $105,900, a 428 square foot one bedroom in Dorchester.
Second lowest priced condo in city […]
