From The San Francisco Chronicle
Wells Fargo & Co. reported a $2.83 billion loss in the fourth quarter on Wednesday, revealing signs of strain as the San Francisco banking giant digests Wachovia Corp.’s enormous book of toxic loans and grapples with a worsening economy
Still, the numbers were better than most analysts had expected and the company [...]

Pew Research Center conducted a housing survey, here are the results:
1. Almost half of all Americans want to live somewhere else.
2. Living in Las Vegas appeals more to men than women.
3. Affluent adults are twice as likely as poorer folks to want to live in Boston.
4. Young people like big cities such as New [...]

With residential sales getting tougher to close, an increasing number of Boston brokers who once worked exclusively in sales are now taking on transactions that in the past they never would have touched: rentals.
In the last few months, I have noticed an increase in MLS rental listings from Boston brokers. I also noticed a large [...]

From the Boston Daily:
To date, the US Treasury has doled out $302 billion to 339 banks, auto companies, and insurance companies as part of the $700 billion bailout bill Troubled Asset Relief Program (TARP money). Ten banks in the Commonwealth have already received approximately $2.367 of the $350 billion that Congress has already approved. Of [...]

Back Bay condo stats according to MLS:
Average Back Bay condo listing price – $1,965,510
Average Back Bay condo sq. ft. price – $1,180.00
Least expensive Back Bay condo – $299,000.00
Most expensive Back Bay condo – $16,990,000.00

Universalhub blog reported: Newsstand operator Muckey’s signed a lease for the Harvard Square icon this week.
Sorry Starbucks.

One of my agents, has a studio condo for sale in Beacon Hill that is aprox 400 sq. ft. with an asking price of $299,000. It was first listed in October 2008, but She thought it would be best to take the condo off the market until the holiday’s were over. Yesterday, she put the [...]

No, I’m not talking about the ice on Boston’s sidewalks. This post is about Boston neighborhoods and how the median sales prices are falling down.
Comparing median sales prices of December ‘07 with December ‘08:
* Dorchester median sales price down -61.44%
* East Boston median sales price down -46.15%
* Mattapan median sales price down -70.37%
Source: Warren Group

Charlestown median sales price, comparing December ‘07 with December ‘08.
December ‘07 – $444,000.00
December ‘08 – $399,700.00
Down – -9.98%
Sad times for Charlestown sellers.

WASHINGTON – In a swift victory for President Barack Obama, the Democratic-controlled House approved a historically huge $819 billion stimulus bill last night, filled with new spending and tax cuts at the core of the young administration’s revival plan for the desperately ailing economy.
The vote was 244-188.
Will this have any impact on our local housing [...]