Well … this should get interesting.
So, a bunch of people took out loans on their home purchases and now can’t seem to repay them.
Perhaps you’ve heard about this?
Much hay has been sown (?!) about the issue, but little has changed, in my opinion.
Properties are still going into foreclosure, financial institutions are still afraid to make […]

Wordplay!
What is the definition of a recession?
From Wikipedia:
Recession is a decline in any country’s Gross Domestic Product (GDP), or negative real economic growth, for two or more successive quarters of a year.
However, this definition is not universally accepted. The American National Bureau of Economic Research defines a recession more ambiguously as “a significant decline in […]

Uh-huh.
From the Journal:
In Granada Hills, Calif., Natalie Brandon is fighting to keep the three-bedroom ranch house she bought in 1985 for $105,000. Mrs. Brandon, 51, does medical billing for doctors; her husband is a dispatcher for a local gas utility. Last year, she got a $625,500 mortgage from Argent, now owned by Citigroup. Her 7.99% […]

So, single-family home sales in Massachusetts dropped over 17%, in October, according to The Warren Group.
Year to date, sales are down seven percent.
Meanwhile, single-family home sales in Suffolk County dropped over 40%, but the overall number is pretty low to begin with - the number of sales dropped from 136 to 81.
Median single-family home prices, […]

This week’s Boston Real Estate Condo Market Reports are now available, here.
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 […]

The following information is from the local MLS database, as of November 23, 2007, compared to (November 17, 2007) (November 23, 2006 - where available).
Total # of condos for sale in the city of Boston: 2,325 (2,400) (N/A)
Average # of days on market: 138 (132) (N/A)
Number of condos sold (closed) over past 30 days: 257 […]

How can you get your house sold in a slower real estate market?
According to the Globe:
“Buyers just want price,” says Mike Morgan, a Stuart, Fla.-based lawyer, real estate broker, and consultant who researches property markets for hedge funds and financial institutions. “Buyers have become educated, and they can easily cut through the fluffy incentives.”
“If you […]

This week’s Boston Real Estate Condo Market Reports are now available, here.
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 […]

So, the nation has a glut of residential real estate inventory. So, credit underwriting regulations have tightened, making it hard for those with blemished credit histories from getting loans. So, inflation continues to rise higher, unrepentant.
So, the Wall Street Journal asks “How Much Worse Will It Get?”.
This week’s issue of The Economist joins […]

Banker & Tradesman says the ultra-luxury real estate market is red-hot, these days.
A total of 81 condos with price tags of $2 million or more were sold through October, 37 percent higher than the same period in 2006. Sales are even more brisk than the same months in 2005, when the Bay State housing market […]