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Archive for February, 2009Real estate ideaOne of my blog readers sent me this email. Boston Proper Condos -Comparing Feb 2008 with Feb 2009 Boston proper condo sales are down but prices are up according to MLS data. The sacred cow….not so sacredPresident Obama has grabbed what the real estate industry considers the sacred cow of tax reform: mortgage-interest deductions. Ouch!The nation’s jobless rate is now at 7.6 percent, the highest in more than 16 years. The Federal Reserve expects the rate to climb to close to 9 percent this year, and probably will stay elevated into 2011. I’ve heard this idea beforeHave you ever seen the Hyundai commercial on TV that annonces it will allow customers to return their cars with in a year of a purchase or lease if they lost their job, no questions asked. Sunday Open House RobberiesAs if things weren’t bad enough. An alert email was sent out by LINK to real estate brokers warning them or recent robberies at Sunday Public Open Houses. The most recent was last weekend in South Boston. Boston one of the BEST housing markets in the countryForbes Magazine ranked the 10 best and the 10 worst housing markets in the country. Boston was ranked the 7th BEST. |
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