Number of Boston condos for sale – 2,292
Number of Boston condos under agreement – 791
Source: MLS
View Boston luxury condos for sale or rent.

As job losses rise, growing numbers of American homeowners with once solid credit are falling behind on their mortgages, amplifying a wave of foreclosures.
In the latest phase of the nation’s real estate disaster, the locus of trouble has shifted from subprime loans — those extended to home buyers with troubled credit — to the far [...]

Condominiums are becoming more difficult to purchase and refinance as lenders increase fees and tighten regulations to offset what they say is the higher risk of lending to buyers of condos as compared with buyers of single-family homes.
The changes are part of an effort by mortgage giants Fannie Mae and Freddie Mac to limit risky [...]

Housing data will be among the highlights on the economic calendar during this holiday-shortened week. Small increases in existing home sales out on Wednesday and new home sales on Thursday are forecast.
Housing has been the epicenter of the economic crisis, and the US economy will not find a solid foundation until residential real [...]

Comparing April 2009 condo sales with April 2008.
Boston Condo Sales April 2009
Number of Boston condo sales – 295
Avg Boston condo sales price – $427,325.00
Median Boston condo sales price – $317,000.00
Avg. sales price per sq. ft. – $385.00
Avg days on the market – 127
Boston Condo Sales April 2008
Number of Boston condo sales – 415
Avg. Boston condo [...]

The glitz is off the Ritz.
There is a glut of condominiums for sale at the Ritz Carlton Towers on Avery Street in the Boston’s Downtown Crossing.
The MLS Property Information Network has 40 listings priced from $479,000 for a one-bedroom to $8.5 million for a penthouse with sweeping views of the city. But so far this [...]

It’s now possible to buy a two bedroom condo in Boston for less than the price of a new Honda Accord. At least three Boston condos were sold in 2009 for $25,000 or less….93 Chester Street #A in Allston, 35 Harwood St. #3 in Dorchester and 557 E 2nd St #1 South Boston.
Source: Link
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From 2010 to 2013 about 1,000,000,000,000 dollars of commercial real estate loans are coming due. For those of you who are numerically challenged, this is 1 trillion dollars. Not a million, not a billion, a trillion dollars. A thousand billion or a hundred thousand million dollars.
Some of this money should roll over, but there [...]

Need I say more.

Three banks were closed by the FDIC this week, for a total of 36 banks so far in 2009. The largest was BankUnited in Florida with $12.8 billion in assets.
Source: FDIC