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Archive for August, 2006


In the market for a market? Waterfront spot up for sale

The Boston Redevelopment Authority is seeking proposals to turn a harborside pavilion into a café or restaurant. The BRA has hired Cambridge architects HMFH Architects Inc. to design preliminary plans to enclose the 2,900 SF pavilion at Long Wharf and maximize its harbor views …
According to a review of the building by HMFH, the pavilion [...]



Guaranteeing the lowest price on that condo you’re thinking of buying

From today’s Washington Post:

To ease buyers’ worries about declining prices, Mid-Atlantic Builders will adjust its sales contract if the price it is charging for one of its houses falls from the time a customer signs an agreement to 45 days before settlement. So, the thinking goes, jittery buyers shelling out $500,000 to more than $1 [...]



News flash: the Massachusetts Association of Realtors sometimes fudges the truth

Scott Van Voorhis is out today, with what he considers a breaking story.
The monthly home sales reports put out by the Massachusetts Association of Realtors for years have been the main indicator of the health of the Bay State’s real estate market.
And as recently as last fall, the trade group was crowing about near-record sales.
However, [...]



The World’s Biggest Loser

So, last night was the premiere episode of Bravo’s new reality-TV show (sic), Million Dollar Listing.
I haven’t watched the episode yet, but I hear it got good.
Yes, Brokers Are the Incompetent Skeezebuckets You Always Suspected They Were
Million Dollar Listing started slow. But then conflict kicked in and it became a hoot. It’s not about the [...]



Ouch. Columbus Center conversation gets ugly

You know the Columbus Center development, proposed for the corner of Clarendon Street and Columbus Avenue, where the South End meets the Back Bay, right?

Yeah, that’s the place.
So, earlier this week, the Globe reported that the developer’s banks said they were concerned whether there was enough money on hand to finance the project, and that [...]



Finding an apartment: an unpleasant, miserable experience for all involved

You have to agree, finding an apartment can be a miserable experience. You call around to find an agency, or you spend all day, and all of the night, looking online at craigslist.
Ugh.
Of course, rental agents think it’s a miserable experience, too.
Really, though, can we have any sympathy for them?
No, especially when you know [...]



Your mortgage loan company is your friend … no, really

So, in order to buy a home over the past couple of years, more and more people have turned to “exotic” loans. You know, interest only loans, and option ARMs.
Option ARMs are where buyers have a choice of payments to make on their mortgage loans. Borrowers can pay the typical payment, which [...]



Local seller slammed by slower real estate market

According to Kiplinger’s, sellers are in rough waters, right now.
Their best example? The poor sap in this story who couldn’t sell his Boston condo, for three and a half months (can you imagine it???), this past year.
Passengers on the Poseidon aren’t the only people in distress this summer. Condo owners, who had been cruising [...]



Fannie Mae economist: Home affordability to improve, over the coming months

Fannie Mae’s board of economists have come out with a new prediction on the direction of housing prices and interest rates, over the coming months.
Hey, their predictions are as good as anyone else’s, right
What do they foresee?
Well, first, they say that, over the past 12 months, housing affordability has improved.
From Fannie Mae:
“During this period, the [...]



Buying a property with your unmarried partner can cause trouble

So, what if you decide, for whatever reason, to buy a property with your lover? Or, with a friend? Is it possible? Yes, of course. Is it easy? Not too difficult – most real estate lawyers, in this day and age, have handled these types of transactions.
Definitely check with an attorney, [...]





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