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boston real estate blog
Boston real estate. Boston condos.



Archive for May, 2008


Economy at a standstill, for another week

This week, Lou Barnes sees more of the same. Not worse, not better.
I’ll be happy with not worse, my friends.
Will the “global economy” be enough to keep the US out of more trouble? I don’t know.
Lousy numbers escape recession dunce cap
Commentary: Global economy gives us a jolt
By Lou Barnes, Inman News
After six weeks [...]



Pit bull service dog makes things difficult

You can’t win for trying, some days.
A tenant wants to have a service dog in a building that otherwise forbids pets.
A pit bull terrier.
The landlord is nervous. About allowing the dog. And, about being sued for discrimination, should he say no.
I thought it was an interesting story.
Pit bull service dog unwelcome
Inman News
Q: A [...]



FHA loans more popular; tight credit still a problem

Shopping for a loan? You should be able to find one, fairly easily. FHA loans have made a comback.
According to one mortgage broker:
“If you put down 5 percent, you’ll need a credit score of at least 660 [to qualify for a FNMA or FHMLC loan]. But if you go with an FHA loan, [...]



Mandarin Oriental opening delayed

Boston Business Journal is reporting that the Mandarin Oriental hotel is now scheduled to open in October, three months later than originally planned.
No word, though, on whether condo closings will also be delayed.



Weekly Boston Condo and Boston Real Estate Sales and Listings Update, May 31, 2008

The following information is from the local MLS database, as of May 31, 2008, compared to (May 24, 2008) (and June 2, 2007 – where available).
Total # of condos for sale in the city of Boston: 2,542 (2,537) (2,643)
Average # of days on market: 121 (120) (112)
Number of condos sold (closed) over past 30 days: [...]



South Boston real estate market goes sideways

Regarding South Boston real estate sales, the following appeared in this week’s Banker & Tradesman:
During the first four months of this year, 25 condos were sold, compared to 29 for the same period in 2007, according to The Warren Group, parent company of Banker & Tradesman. During the same months in 2005 and 2006, there [...]



How Boston is better (or worse)

Scene outside the London Underground, a couple of hours ago.

Okay, I’m not passing judgment, but for how long was it legal to drink on the subway, anyway?
Good news, we have two days to totally enjoy ourselves!




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