Archive for October, 2007


Downtown Boston sales to beat all previous records

Each week, the Otis & Ahearn real estate company releases a Boston Downtown Condominium Weekly Report.
Included in their definition of “Downtown Boston” are the Back Bay, Bay Village, Beacon Hill, East Cambridge, Chinatown, Charlestown, Fenway, Leather District, Midtown, Navy Yard, North End, Seaport, South Boston, South End, West End, and Waterfront neighborhoods.
Otis & Ahearn collects […]



The state of the Boston real estate market

I received the following email in my Inbox, earlier today. Interesting question, followed by my interesting answer.
Great blog/website (although you seem to have become more tempestuous, capricious and uneven, recently).
I noticed that the “North East



Weekly Boston Real Estate Condo Market Report, 10-29-2007

This week’s Boston Real Estate Condo Market Reports are now available.
The market reports provide readers with detailed information on the state of the Boston real estate market. The reports include data on inventory, recent sales, and price per square foot of condos for sale and recently closed.
I have detailed listings and sales information for 11 […]



Boston residential real estate condo sales, October 27, 2007

The following information is from the local MLS database, as of October 27, 2007, compared to (October 20, 2007).
Total # of condos for sale in the city of Boston: 2,457 (2,480)
Average # of days on market: 129 (128)
Median price of all condos for sale in the city of Boston: $389,000 ($389,000)
Average price of all condos […]



A bad market is good for you …

Interesting concept.
If you already own and are thinking of trading up, a bad real estate market is good for you.
At least that’s what agent Rona Fischman thinks.
Suppose you own a condo that is worth $400,000 today, and want to buy a house that is worth $650,000 (spending $250,000 more.) Suppose, both markets were depressed equally […]



Final walkthrough - your last chance to make things right

So, you’re buying a home.
A couple months ago, you found the perfect home. You negotiated the price, you signed an offer. Then, you contacted an attorney to write up a purchase & sale contract, contacted your lender, and contacted a home inspector to check out the property.
The home inspector found some problems, so […]



Our own little bubble - downtown Boston condo sales stay strong

Buried in all the negative stories about home sales over the past quarter was this piece of news:
Meanwhile in Boston’s chic downtown neighborhoods, sales and prices rose. According to Listing Information Network, sales in 12 downtown neighborhoods, including the North End, the Back Bay, and the South End, increased 5.4 percent, to 1,023 condo sales […]



Weekly Boston Real Estate Condo Market Report, 10-22-2007

This week’s Boston Real Estate Condo Market Reports are now available.
The market reports provide readers with detailed information on the state of the Boston real estate market. The reports include data on inventory, recent sales, and price per square foot of condos for sale and recently closed.
I have detailed listings and sales information for 11 […]



Those who can’t afford to buy aren’t buying

Off the wire:

Declining availability of financing methods that allow people to buy a home without first accumulating a down payment is one of the key reasons for the housing slump, concludes new research published by the Federal Reserve Bank of Atlanta.
The study points out that U.S. homeownership climbed from 64.2 percent of households in 1995 […]



Problem solved: Countrywide to refinance $16 billion in loans

Well, that was easy!
From the wire:
Countrywide Financial Corp., the nation’s largest mortgage lender, is offering to refinance up to $16 billion of adjustable-rate mortgages.
The lender announced the program today as pressure mounts from legislative and consumer groups to clean up lending practices.
Countrywide said it would reach out to borrowers who are current on their loans […]



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