I had a private meeting with the sales team at the NorthPoint Condos development, currently under construction in Boston, on the border of East Cambridge.
I like it. A lot.
There will be two residential buildings put up first, to be followed by a mixture of residential, commercial, retail, and laboratory space, built over the next [...]

Here’s a fake news story I wrote, yesterday.
We can dream about something like this happening, can’t we?
Mayor proposes 12,000 housing units built by 2009
Menino speaks of ‘bold vision’ for city
Mayor Thomas M. Menino yesterday called for the construction of 12,000 units of housing, to be approved and built over the next three years, to demonstrate [...]

We went to two open houses today. Both properties were in Brookline, and both were in multi-unit buildings. That was about all that they had in common.

The first property we visited was at 910 Beacon Street. This is the property that was profiled in yesterday’s Boston Herald. The building is on [...]

There is a seven condo building just being completed on Beacon Street, on the border of Boston and Brookline.
This is actually a new building, from the ground-up, but made to look like the other buildings on the block. Typical five-story Victorian brick, bow-front.
The condos have been listed for sale for about a half a [...]

The following information is from the local MLS database, as of February 25 2006.
Total # of condos for sale in the city of Boston: 2528
Average # of days on market: 82
Lowest priced condo in city of Boston: $123,900
Median price of all condos for sale in the city of Boston: $385,000
Highest priced condo in city of [...]

I was reading the most recent issue of Fortune, as I do every other Friday, when I came across an advertisement for the new Puerto Rico Convention Center.

Puerto Rico Convention Center
Beautiful, no?
But, somehow, I had a weird, deja-vu feeling about the building.
I seen it, before.
But, where?
Oh, right.

Boston Convention and Exhibition Center

For $150,000, you can buy a 2006 Hummer H1, a 2002 Bentley Arnage or a 1999 Lamborghini Diablo.
Or you can just buy a Back Bay parking space to put one in.
Prices for Hub parking spaces are hitting all-time highs.
There are only 19 spaces currently listed for sale – including two Beacon Street spots priced at [...]

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: 225
Back on market (listings that went under agreement but deals fell through): 28
Price changes (almost always downward, but some go up): 107
Under agreements: 76
Off [...]

How often do you move? In the old days, at least in theory, people bought their first homes when they were young, and, after maybe buying one or two more homes over the years as they built out their families with kids, would settle down until they died or were put away. Renters [...]

That’s just about the gist of it.
If you’re putting your home on the market, you need to price it at, or even slightly below, the price of the competition. That is, if you want to sell it.
And, you might consider not putting down money on a new place, until you have a signed purchase [...]