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Archive for January, 2009Boston Real Estate – Monthly UpdateJanuary 2009 Boston real estate market outlook: Boston condos and Boston real estate sales and listing information, January 31, 2009The following information is from the local MLS database as of January 31, 2009, compared to (January 24, 2009) and (February 2, 2008). Please Pardon Our AppearancePlease Pardon Our Appearance would make a good title for a post-Apocalyptic movie involving zombies living in old subway stations: Source: Universal Hub Newbury Street -The death of the small merchantThe Boston Globe’s front page has an article on how excusive merchants on Newbury Street are closing shops at high rate. Higher mortgage rates for risky borrowersFrom the Daily Record: Mortgage ratesFreddie Mac released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.10 percent with an average 0.7 point for the week ending January 29, 2009, down from last week when it averaged 5.12 percent. Last year at this time, the 30-year FRM averaged 5.68 percent. Massachusetts Association of REALTORSThe Massachusetts Association of REALTORS (MAR) – reported yesterday that single-family homes sales were up 3.2 percent in December compared to the same time last year. While median prices continue to go down, this is the third month in the last four to experience sales increases. Despite these sales gains, 2008 closed with [...] |