The following information is from the local MLS database, as of April 28, 2007, compared to (last week). Total # of condos for sale in the city of Boston: 2,514 (2,481) Average # of days on market: 120 (120) Median price of all condos for sale in the city of Boston: $399,000 ($390,000) Average price [...]

Huh? The Massachusetts economy surged in the first quarter, nearly quadrupling the national growth rate and recalling the technology-driven expansion of the 1990s. The state’s economy grew at a 4.7 percent annual rate in the first quarter, the fastest pace in nearly 7 years, according to a report yesterday from the University of Massachusetts. The [...]

So, if you live in a condo or apartment, you’ve probably gotten used to living in close proximity to your neighbors – listening to your upstairs neighbors clomping around on the bare hardwood floors above you; leaving their shoes, boots, moccasins, and snowshoes outside their front doors, in the middle of summer and winter; playing [...]

From today’s Globe: Boston’s condominium market posted a surprisingly weak start of the year as sales in in-town neighborhoods dropped 8 percent in the first quarter of 2007. The drop in sales was most pronounced in condo buildings along Boston’s waterfront, which had 40 fewer sales in the first quarter compared to the same period [...]

So, there’s this guy who wants to build a 75-story skyscraper (1,000 feet) in Boston. Here’s his story: Steve Belkin, Founder, Trans National Group History of 115 Federal Street (Winthrop Square)

Sorry, but posts will be short today & tomorrow, while I attend the Housing Boston 2012 symposium (?). HOUSING BOSTON 2012 Boston is one of an increasing number of American cities where the cost of housing far exceeds what the average resident can afford. These “success cities” are facing daunting challenges. Join Boston Mayor Thomas [...]

Redfin’s Boston website is up and live. I’d be interested to hear what people think about it. The company’s official press release, below. Redfin Launches Real Estate E-Commerce Service for the Boston Area Boston Market Inaugurates Redfin’s Expansion to East Coast BOSTON, April 26, 2007: Online real estate broker Redfin Corporation today launched its real [...]

Here’s a press release that just hit the wire. Sounds as though Move.com is afraid as ever of that little internet start-up out in Seattle. As they should be. Redfin Launches Re-branded Website Move.com Threatened Lawsuit Over Original Logo SEATTLE, April 26, 2007: Online real estate broker Redfin Corporation today launched a new version of [...]

Huh? Apparently, Redfin is launching in Boston, tomorrow. Except for an interview running on NECN, last night, I don’t think they’ve had any sort of public relations push, so far (well, except for in my blog!). What do I think? Redfin is a direct competitor to my business model. My clients tend to be computer [...]

So, the subprime mortgage loan crisis is getting a lot of press these days. There’s two pieces to this puzzle (?!). There are those who took out subprime loans, whose loans were fudged, either by their mortgage brokers, lenders, or attorneys, etc. The buyers in these cases may or may not have participated in these [...]