Massachusetts thinks it’s found a faster way to get an $8,000 federal tax credit into the hands of first-time home buyers. Gov. Deval Patrick announced yesterday a new state program that would effectively let first-time home buyers borrow against the federal tax credit for home down payments or for closing costs. The program, which will [...]

Sales data on Beacon Hill two bedroom condos. 1/1/09 – 7/14/09 Number of Beacon Hill two bedrooms sold – 35 Median sales price for Beacon Hill two bed – $625,000.00 Average sales price per sq ft. – $698.00 Average days on the market – 157 1/1/08 – 7/14/08 Number of Beacon Hill two bedroom sold [...]

Is life coming back to the Boston luxury condo market? In the last couple of weeks at the Ritz Carlton Towers, 6 condos have sold, 5 of them sold for a $1,000,000.00 or more. One is currently under agreement. oops! File Under: Wishful Thinking Source: MLS and LINK

Enlarge Real Estate building collapse BOSTON — Emergency crews were called to the scene of a building collapse in Boston at 8:30am this morning near the Northeastern campus. Authorities said roofers were working at the site at 337 Huntington Ave. when part of the facade collapsed on the sidewalk. Symphony and Gainsborough Streets were shut [...]

Interesting to see how much has changed – and hasn’t – since the 1920s: Source: Universal Hub and ArchBoston

Boston condo sales inventory. July 11, 2009 – 2,128 Boston condos for sale. July 12, 2008 – 2,278 Boston condos for sale. July 14, 2007 – 2, 464 Boston condos for sale. In this “Great Recession” wouldn’t you think that the Boston condo inventory would be on the rise not in decline. Looking for Boston [...]

Real estate information site Trulia.com says that as of July 1, one out every four people trying to sell a home in the U.S. has had to lower their asking price at least once this year. The average listing has been reduced by 10%. The grand total of the price reductions adds up to $27.1 [...]

From the Boston Herald: Snapping up a foreclosed home on the cheap isn’t as easy as it sounds. “Buying a foreclosure is definitely a bit of a grind,” said Robert Jenson, a real estate broker in foreclosure-wracked Las Vegas. “You’re getting fantastic pricing, but sometimes it takes going through a lot of houses and writing [...]