Even though Michael Jackson sold Neverland in a $22.5-million deal this year when the property was in foreclosure and his latest residence was a $100,000-a-month rental in Holmby Hills, both properties are strongly associated with the pop icon who died.
LA Times put together a story about whether the Jackson ties will raise, lower or [...]

The National Association of Realtors released their May Existing Home Sales Report and reported:
The Realtors said that home sales rose 2.4 percent to a seasonally adjusted annual rate of 4.77 million last month, from a downwardly revised pace of 4.66 million in April. Prices, meanwhile, were 16.8 percent lower than a year ago.
That’s all [...]

A blog reader wanted to know: How did Back Bay condo sales in the $700,000.00 to $1,500,000.00 do this year compared to last year?
1/1/09 – 6/27/09 Back Bay condo sales from $700,000 to $1,500,000.00
Number of Back Bay condo sales – 30
Avg. Back Bay sales price per sq ft – $757.00
Avg days on the market – [...]

The California Department of Financial Institutions (DFI) announced yesterday that regulators have closed Mirae Bank, citing inadequate capital. Total number of bank failures since January 2009 – 45.

Well its hard to believe, the year is almost half over. I thought I would take this time to see how some of our Boston neighborhoods are doing in this “Great Recession”.
Lets check out the Back Bay area:
1/1/09 – 6/27/09
Back Bay condo sales – 119
Back Bay avg condo sales price – $1,138,174.00
Back Bay median condo [...]

This week I learned that…
… Japanese office buildings are keeping things steamy
… FDIC Chairperson cuts $100,000 off the asking price of her MA home
…..Did you hear about the Boston Herald story about Michael Jackson? Protesters say it was racist and offensive to Boston’s black community:

Comparing Allston condo sales 1/1/09 – 6/26/09 with the same dates in ‘08
Allston condo sales ‘09
Number of Allston condos sold – 55
Average Allston condo sales price – $290,000.00
Medain Allston condo sales price – $280,000.00
Average price per sq ft. $294.00
Allston condo sales price ‘08
Number of Allston condos sold – 47
Average Allston condo sales price – $352,000.00
Midian [...]

Bigger Tax Credit = More Home Sales?
Apparently low interest rates and reduced home prices aren’t enough incentive to get consumers to purchase new homes.
A recent survey by Weichert Realtors shows that increasing the tax credit for homebuyers to $15,000 and extending it to all buyers — not just first-time purchasers — will get more [...]

Amir Sufi and Atif Milan of the University of Chicago Booth School of Business argue in today’s Wall Street Journal that the recent decrease in consumer spending has been directly fueled by a drop in housing prices. The article is a response to a piece last week by Charles Calomiris and several other economists which [...]

In the last seven (7) days 48 Boston Condos sold. 27 of the 48 sold in 60 days or less.
Looking to view Boston condos for sale