USA TODAY: Banks falling short on modification efforts Here is another report on the Obama loan modification plan not making much headway yet because banks are so overwhelmed and the system is so chaotic. Everything in this story is what I have heard countless times over and over from borrowers who can’t get going on [...]

Thomas Parkin really wanted that townhouse. [The Real Deal] … There’s nothing as good as a bad Realtor ad. [Gawker] A comical Broadway-esque medley about the financial situation. [youtube]

High-end homeowners might want to hold off on a sale. Analysts predict homes priced at more than $1 million may not bottom out until 2012, compared with 2011 for the majority of the national housing market. The government’s efforts to help everyday homeowners with its “Home Affordable” loan and refinancing programs may slowly be giving [...]

1850 Invitation TASTE OF THE NEIGHBORHOOD Have some wine, grab a plate and get to know your future neighbors at The 1850! This Saturday, June 20th, 2009 from 2-5PM. Come join us this Saturday afternoon at The 1850 for a free tasting of your favorite neighborhood restaurants, wine tasting and live music! As always, all [...]

The Boston Globe did a nice photo feature on 45 Province Street entitled Inside 45 Province St.

The following is from the Boston Courant: Given the current economic conditions, the seller of a Beacon Hill mansion must be praying that the Bible is correct: “Ask and ye Shall Receive.” For $23,500,000, a potential buyer will get 11 bedrooms, 10 full and four half bathrooms, nine parking spaces, a two-level wine cellar and [...]

Friday, June 19, 2009 total Boston condo inventory – 2,238 Friday, June 21, 2008 total Boston condo inventory – 2,489 Looking to view a Boston condo visit our web site Source: MLS

The following is from NPR: (I hope you like math) By most of the estimates I’ve seen, the projected US deficit for 2009 will be somewhere close to 1.7 trillion dollars, which probably does not yet include the off-book accounting for Iraq and Afghanistan (perhaps one of you has the answer?). I have been trying [...]

Massachusetts yesterday received its strongest evidence yet that the end of the recession may be near. The state reported that Bay State employers added 4,900 new jobs to payrolls last month, the first net gain of jobs in a year in Massachusetts. The state saw growth in the health, education, professional, scientific and leisure industries, [...]

The Boston Globe has an article today that Boston apartment vacancy rates are on the rise. In the article it stated that in 2000, when the state’s unemployment rate was below 3 percent and the high-tech bubble had not yet burst, the Boston metro area vacancy rate was 0.7 percent. Today the vacancy rate is [...]