This is a great story.
Angela Logan, a Teaneck, New Jersey mother of 3, was about to lose her home. Instead of ignoring the problem she decided to meet it head on. She held a bake sale where she offered her mortgage apple cake for $40.00 a piece.
With a little publicity and a little luck, [...]

I don’t quite understand why – in this age of digital video recorders and streaming Web sites such as Hulu.com — people pack so many televisions into their homes.
The average American home now has 2.86 televisions and just 2.5 people, according to a new survey by Nielsen. The number of TVs jumped from 1.57 in [...]

Foreclosures in Massachusetts fell 29 percent during the first half of 2009 compared to a year earlier, according to the latest report from The Warren Group, publisher of Banker & Tradesman. But petitions to foreclose, the first step in the foreclosure process, rose 5.6 percent during the first six months of 2009 from the same [...]

According to MLS Back Bay has 83 listings (condos & parking spaces) priced $600,000 or less. Out of the 83 listings 41 have had price reductions.

Boston condos under agreement by neighborhood.
Back Bay condos under agreement – 80
Beacon Hill condos under agreement – 19
Charlestown condos under agreement – 41
Dorchester condos under agreement – 71
Fenway condos under agreement – 21
Jamaica Plain under agreement – 61
Midtown condos under agreement – 9
North End condos under agreement – 13
South Boston condos under agreement – 102
South [...]

Source: SNL

The following is from MLS
Allston – Number of condos for sale 36 – Avg asking price $314,706.00
Back Bay – Number of condos for sale 274 Avg asking price $1,637,286.00
Beacon Hill – Number of condos for sale 95 Avg asking price $1,162,356.00
Brighton – Number of condos for sale 129 Avg asking price $332,179.00
Charlestown – Number of [...]

Willem Buiter, Professor at the London School of Economics and Political Science, has a great critique of the Federal Reserve over at the Financial Times. Buiter says the Obama administration’s plans to enhance the Fed’s powers and turn it into the country’s systemic risk regulator spells trouble……. BIG TROUBLE. He writes:
If the same institution, [...]

The following is from LINK.
Boston North End condo sales from 1/1/09 – 7/20/09
Number of Boston North End condo sales – 36
Average sales price for Boston North End condo – $481,206.00
Average price per sq ft. for Boston North End condo – $564.00
Boston North End condo sales from 1/1/08 – 7/20/08
Number of Boston North End condo sales [...]

The following information on 45 Province Street is from LINK.
Number of condos that sold – 13
Average condo sales price – $1,607,327.00
Median condo sales price – $1,550,000.00
Average price per sq ft – $1,043.00