So, apparently “predatory lenders preying on little old ladies” aren’t the source of all the subprime lending problems.
According to the Journal:
Mortgages for investment properties constitute a major chunk of defaults in four states with the fastest-rising rates of seriously delinquent loans, according to data released Thursday by the Mortgage Bankers Association.
Mortgages on non-owner occupied properties […]
Good question from a commenter: Why are people buying condos in Boston, today, when the market has slowed, when prices, at best, have stagnated, and, more importantly, when the economy seems at risk of a recession?
So, I took a look at my list of current clients, and here’s what I found out.
Here are some buyer […]
As a public service, here is some information for people considering taking out a loan to purchase their next home:
* If you take out a home loan so you can pay off your SUV and your truck, and then lose your job, and your mom moves out and stops helping out with your loan payments, […]
The following information is from the local MLS database, as of August 25, 2007, compared to (August 18, 2007).
Total # of condos for sale in the city of Boston: 2,293 (2,312)
Average # of days on market: 127 (129)
Median price of all condos for sale in the city of Boston: $375,000 ($379,900)
Average price of all condos […]
Here is more sales data for 04/01 - 07/01, for the four years, 2004 - 2007.
Whereas the other data (below) covers just the downtown Boston real estate market, this data includes all reported sales in ALL Boston neighborhoods, but only includes one-bedroom units.
(The reason I only did the three months from 04/01 - 07/01 is […]
Here is some condo sales data for the downtown Boston market.
The subset (fancy word) is one bedroom units, between $0 and $999,000, in the Back Bay, Beacon Hill, South End, Bay Village, West End, North End, Leather District, Financial District, Waterfront, Theater District, Fenway, and Seaport District.
Sold 4/01/2007-7/01/2007, 251 units, average $432,858, median $396,500, […]
Bank of America came out with a no-cost mortgage loan program, earlier this year. Apparently, Washington Mutual has one of these, as well.
The Bank of America plan offers a loan with no closing costs - no application fee, no appraisal fee, no credit report fee, plus you even get a $200 credit at closing […]
I already regret writing this.
Anyway, for those of you who wanted the data, here are details on +$1 million real estate sales throughout the entire city of Boston, during the years 2004-2007 (data from the Listing Information Network, or LINK, which collects and reports sales in the city, from the Registry of Deeds).
2004 - 393 […]
This week’s Boston Real Estate Condo Market Report is now available.
A sample of this report can be found, here (warning, .pdf).
The available reports include data for the following ZIP Codes:
02108
02109
02110
02111
02113
02114
02115
02116
02118
02210
02215
If you would like your own copy, send me an email (choose one ZIP Code).
The following information is from the local MLS database, as of August 18, 2007, compared to (August 11, 2007).
Total # of condos for sale in the city of Boston: 2,312 (2,311)
Average # of days on market: 127 (126)
Median price of all condos for sale in the city of Boston: $379,900 ($379,900)
Average price of all condos […]
