The Times did a great story this weekend regarding people who saved in order to buy their first homes.
save verb, saved, sav·ing, noun / verb (used with object)
1. to rescue from danger or possible harm, injury, or loss: to save someone from drowning.
2. to keep safe, intact, or unhurt; safeguard; preserve: God save the king.
3. to keep from […]
This blog is read by thousands of people each day (by which I mean, hundreds).
I am curious.
If you can spare three minutes, leave me a comment.
Are you a homeowner, currently?
Are you a homeowner looking to buy and/or sell?
Are you a renter looking to buy your first home?
Do you live in Boston?
Do you live in Massachusetts?
Do […]
Keep in mind, although mortgage loan interest rates and the state the national economy have an effect on the US real estate market, one does not directly result in the strength or weakness of the other, and vice versa.
For some reason, I thought I should mention that.
The following information is from the local MLS database, as of July 28, 2007, compared to (July 21, 2007).
Total # of condos for sale in the city of Boston: 2,395 (2,420)
Average # of days on market: 125 (122)
Median price of all condos for sale in the city of Boston: $385,000 ($389,000)
Average price of all condos […]
Well, guess what, it’s not a handout.
Everyone was up in arms this week over the Governor’s plan to help homeowners facing foreclosure.
Here is the proposal:
Governor Unveils $250M Foreclosure Fund
Earlier this month, Massachusetts Governor Deval Patrick unveiled a $250 million fund aimed at helping residents facing foreclosure by refinancing their loans into more affordable ones.
The Massachusetts […]
This guy sounds nuts:
Maybe we should call him “Default
Condo sales in downtown Boston have remained strong, contradicting what has been happening in other cities and towns in Massachusetts, and across the country.
According to the Globe:
Sales of luxury condominiums in Boston’s toniest neighborhoods surged 7.5 percent in the second quarter this year, with prices up as well, according to a report on the city’s […]
I can’t even pretend to keep my patience about this.
According to the Globe:
The Patrick administration is considering a plan that would make mortgage lenders pay moving expenses as well as the first and last months’ rent of homeowners who lose their homes to foreclosure.
The proposal is part of foreclosure prevention initiative administration officials will present […]
So, for the past several years, the common talk has been, “The US economy is being propped up by foreigners buying all our debt.”
I was always a bit concerned about this, but never thought it would affect me, personally.
Well, yeah, about that debt. I thought it was just US Treasuries that everyone was buying.
How […]
From today’s Globe:
DEAR BOB: I am a loyal reader who should have taken your advice. When my adjustable-rate mortgage was recently “recast” to current interest rates, the unpaid interest was added to the mortgage principal balance. I now owe about 110 percent of my home’s market value. I recently lost my tech job, which paid […]
