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Archive for April, 2005


Is Fan Pier deal near?

I am not optimistic that anything of any size will ever be built down in the Seaport area, except for some hotels and maybe some office space.
The part about this story that caught my eye and kind of scared me, was about how the city might be offering tax-incentives to companies that want to build [...]



Will U.S. kill deduction for home-equity

Whoa – I missed this story last week…yep, this would affect a lot of people…
By Kenneth R. Harney, Boston Herald wire

 
n
WASHINGTON – Is Congress about to kill a popular rule that allows you to deduct interest paid on home-equity loans and lines of credit?  The staff of the influential Joint Tax Committee, which advises the [...]



Weekly Boston Real Estate Sales and Listings Update, April 29, 2005

Below is a report of sales and listing activity for the past week.
Information is derived from LINK, the online database that is used by most Boston
real estate agents.
New listings: 242
Back on market (listings that went
under agreement but deals fell through): 15
Price changes (almost always downward, but
some go up): 101
Under agreements: 184 [...]



At last! Richest homes get mag

Boston to get its own high-end homes
magazine.

By Greg Gatlin, Boston
Herald
Dan Kaplan can’t figure out why virtually every region in
the country except New England has a luxury homes magazine targeting the "super
affluent.” 
That will change in August when Kaplan launches New England
Home, showcasing the region’s most impressive family estates, oceanfront compounds and
cutting-edge urban lofts.
"Our mission is [...]



Top city of Boston officials aid family in zoning bind

Interesting story about how one family built their home on land that didn’t comply with local zoning laws, and are now faced with the catastrophic possibility that they might have to tear it down.
From the Globe:
A politically connected Dorchester family is getting help from the highest levels of City Hall to save a newly constructed [...]



What you can buy in the South End of Boston if prices drop 30%

Well, if prices fell 30% in the South End, what would that mean for a
buyer?
Here’s the scenario:
In March, 2005, if you had been
pre-approved for a purchase of $500,000, with 20% ($100,000) down, you could have bought a
one-bedroom, one-bathroom, 761 square foot penthouse unit at 22 Union Park, #6, for
$482,284.
If prices had fallen 30%, however, you [...]



The sky is falling on Boston real estate

Here are the median sales price of condos in the South End for the past five years. I chose May, since that is probably one of the busiest months when it comes to closings; I used March of this year, since it’s the most recent full-month of sales.
5/01/00 – 5/31/00 – median sales price: $329,000, [...]



Boston condo and single family home sales rise in Boston Massachusetts

Bay State condo prices and sales surged ahead last month, though sales of
single-family homes grew at a more modest pace, a real estate trade group reported
yesterday.
Condo sales rose 26 percent in March compared with the same month the year
before. That represented an increase in sales to 1,689 units – the best March volume ever – [...]



Monday morning musings�

Here’s some random thoughts, off
the top of my head.  I need more original content on this site, instead of just copying things
from other websites (although that’s pretty much what bloggers do, now, don’t
they?).
First, if I had to choose which projects I’m most interested in seeing come
to life, the list would include the redevelopment of the [...]



Closing Day Disasters

Funny story about closing day disasters.  Well, funny as long as it doesn’t
happen to you, I guess.
By Patrick O’Gilfoil Healy, New York
Times

So
metimes, adultery and deceit can put a crimp in the closing.
In the summer of 2001,
Andrew Sokol, a real estate lawyer in Manhattan, was closing a condominium sale for a couple who
had already relocated [...]





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