Foreclosure deeds filed in Massachusetts in May dropped 58.6 percent from the previous year, although foreclosure petitions — the first step in commencing foreclosure proceedings — rose sharply, according to The Warren Group.
Deeds filed in May were also 24.3 percent below April’s count and, year-to-date, were 26.3 percent below the first five months of 2008. [...]

The following is from MLS:
In the first 6 months of 2009 1,372 Boston condos sold.
In the first 6 months of 2008 1,898 Boston condos sold.
Looking to purchase a Boston condo?

I just spoke with Ms. Susan Hawk who’s a spokeperson for the 1850 South End condo auction. She informed me that the Sunday’s auction was “a big success” and that all 35 condos sold in one hour and twenty minutes (1.20).
Ms Hawks also mentioned that 120 bidders attended the auction and there were multiple [...]

Here’s some good news from the Huffington Post.
“Personal bankruptcies rose 37 percent in May from a year earlier, according to the American Bankruptcy Institute, based in Alexandria, Virginia. Credit card defaults in the first quarter went to 7.79 percent from 4.83 percent a year ago, Federal Deposit Insurance Corp. data show. While the share of [...]

Here is another of those stories documenting the difficulties that struggling borrowers and their reps are having when they deal with overwhelmed lenders. It makes your head spin to read this and wonder how are we ever going to get out of this mess if these banks can’t get their act together.
An excerpt:
“She [...]

Here’s one guy that’s upset with Trulia. My house is WHAT

Here we go again, another prediction on the Boston housing market. This time from Yahoo Real Estate.
Boston is a historic city with large hospitals and world-class universities such as Harvard and the Massachusetts Institute of Technology. But while education and health services have been strong, the construction, leisure, financial, and transportation industries have all taken [...]

Rows of wood-frame triple-deckers have provided moody backdrops in movies like “Mystic River,” a first glimpse of Boston for passengers who have landed at Logan International Airport and, for generations now, an affordable and reasonably spacious place to live.
But in the boom years, three-deckers presented a different kind of opportunity. Out-of-town investors bought them, [...]

Beacon Hill condo sales data from LINK.
Beacon Hill condo sales from 1/1/09 – 6/28/09
Number of Beacon Hill condo sales – 74
Avg. Beacon Hill condo sales price – $760,320.00
Median Beacon Hill condo sales price – $502,520.00
Beacon Hill avg. price per sq ft – $785.00
Number of sales – 74
Beacon Hill condo sales from 1/1/08 – 6/28/08
Number [...]