The following information is from the local MLS database, as of January 20, 2007, compared to (last week).
Total # of condos for sale in the city of Boston: 2,010 (2,022)
Average # of days on market: 147 (145)
Median price of all condos for sale in the city of Boston: $399,000 ($399,000)
Average price of all condos for […]
According to data released by The Warren Group, the number of single-family home sales last year was the lowest in a decade.
Condo sales, however, remained strong:
Condominium sales were second only to 2005’s record year. In December, 8.2 percent fewer condos were sold statewide than a year earlier, but prices increased 1.9 percent, an indication there […]
If you want to search all the MLS listings, go here.
Unfortunately, due to MLS regulations, you aren’t able to get all the available information, this way.
If you want all the details on a specific property, you’ll have to sign-up with me, by giving me an email address. Then, you can log-in and search through […]
It’s one of the most popular questions I get.
Should I pay points or pay a higher interest rate?
I don’t know. Truth be told, whenever I’ve read about the issue, my eyes end up glazing over, I lose interest, I end up taking a nap.
Here, in a nutshell, is the difference, and when one would […]
It’s one of the most popular questions I get.
“What’s the difference between pre-approval and pre-qualification?”
Let’s ask the experts!
Michael L. Moskowitz, president of Equity Now, says that pre-qualification means, “based upon income, asset, liability, and personal information a borrower has provided, a lender will indicate how much of a mortgage the borrower should be able to […]
PMI Mortgage Insurance Co. reports that its Market Risk Index scores have increased for 34 of the nation’s 50 largest metropolitan statistical areas.
The scores measure the risk that home prices will decline in the next two years. Nineteen MSAs face a greater than 50 percent chance that home prices will fall, up from 18 last […]
Economics, probably.
While there might be some who feel they should have a right to rent or buy wherever they want (free market, be damned), most people understand that it’s just not going to be possible to buy a two-bedroom, 1,000 square foot condo in the Back Bay for $300,000, and that they’ll have to go […]
The answer’s simple.
Don’t use the seller’s agent as your agent!
Don’t.
Makes sense, right? Yet, people do it, all the time. Smart people.
Unfortunately, things can go wrong. Very wrong.
DEAR BOB: We got ripped off when buying our first home last November. Our first mistake was letting the listing agent act as a “dual agent” […]
(click on image to see full-size)
Source: On the Road to Recovery - By Robert Freedman, Realtor.org
There’s never been a better time to buy a new home.
Well, there was, actually. Maybe three years ago, when rates were as low or lower than they are today, and prices had yet to inflate.
It’s the second best time to buy a new home. You have fixed interest rates under 6.5% and condo […]
