Last night channel 7 WHDH had special report on the real estate market entitled “Bay State Boom Towns.” The areas included Eastern MA. (inside the 128 belt), towns with 30 or more home sales from Jan – Sept 2008 as it compared to the same period last year. The big winners with price increases [...]

Do you own real estate in Massachusetts?  Don’t worry be happy and take solace that we’re in Massachusetts not Florida. Jack McCabes Research Report calculates that Florida condo market has a whopping 5 years of inventory with cranes still hovering over developments. As one Florida real estate blogger wrote to a potential Florida condo buyer: [...]

“This is worse than a divorce. I lost half my net worth, and I still have my wife.” – says a shell shocked trader yesterday.

From the Boston Globe web site: House prices in Boston increased for a fifth consecutive month, according to the S&P/ Case-Shiller Home Price Index released today, but the price gains dwindled from levels earlier in the year. Boston house prices increased just 0.1 percent between July and August. Boston was one of just four major [...]

The following is from today’s Boston Business Journal web site: The sixth annual survey of the regional housing market is being released Tuesday by The Boston Foundation. The study found that while young people still find homeownership out of reach, rapid price declines is undermining equity area residents have built up over the last decade. [...]

The following information was obtained from MLS. Sales UP – Prices Down Beacon Hill Condo Sales – 1/1/07 – 10/27/07 Number of Beacon Hill condo sales – 132 Avg. sales price of Beacon Hill condo – $697,961.00 ———————————————- Beacon Hill Condo Sales – 1/1/08 – 10/27/08 Beacon Hill condo sales – 160 Avg. sales price [...]

In the last 6 months, I have seen Massachusetts housing inventory go from a high of over 56,000 to today’s  44,454.  What’s causing such a drop in housing inventory? a) The media and pundits are wrong. People are buying real estate which causes inventory to go down. b) The media and pundits are right. Sellers are discouraged [...]

There’s a new Sheriff in town. I hope I don’t let the bostonreb.com blog readers down.

I just spoke with Linda Mitrano of Ford Realty Inc to see how her Sunday Open House went in Brookline. She said it she had a lot of activity. Linda’s listing is a $1,750,000 Victorian home located on 45 Kilsyth St. Brookline. Why she had a good open house and those in Beacon Hill had [...]

Today, I went to several Sunday Open Houses in Beacon Hill. The first was a studio which 4 people attended. The second open house was a one bedroom which had a total of 5 attendees and the last was a two bedroom which had 4 people that showed up. Conclusion, it was slow day in Beacon [...]