This is a story of a New Jersey firefighter whose family is the sole occupant of a high rise apartment tower in Fort Myers, Florida which has been making the rounds. The oddity of it is generating a bemused buzz on real estate blogs, with Google News identifying 507 articles on it. FORT MYERS, Fla. [...]

This hasn’t been a very profitable year so far for sellers at the Ritz Towers. Listed below are Ritz sales for 2009 from LINK’s database. 3 Avery #907 Selling price $505,000.00 – 6/3/09 Purchased price $550,000.00 – 9/26/05 3 Avery #809 Selling price $630,000.00 – 6/3/09 Purchase price $715,000.00 – 9/26/05 1 Avery #11F Selling [...]

A front page article in today’s WSJ divides the residential real estate market into two halves: low/moderate priced homes, and the upper end. The Journal observes: Housing is fast dividing into two markets: Sales of low- and moderately priced homes are picking up and values have stopped falling in some parts of the nation. But [...]

Signs are multiplying that the Bay State real estate market is no longer in a free-fall. Condo prices have risen 35 percent since January to $275,000, and condo sales have risen for five straight months, the Massachusetts Association of Realtors reported this week. June home sales rose 39 percent from May’s levels, while median prices [...]

According to LINK 412 Boston condos sold in the month of July 2009. Avg sales price for a Boston condo – $444,500.00 Median sales price for a Boston condo – $363,300.00 Avg price per sq ft for a Boston condo – $461.00 Avg days on the market for Boston condo – 99 The most expensive [...]

For the past 2 years, Senator Chris Dodd has denied knowing he got a special deal on his mortgage from Countrywide. Now in testimony before investigative panels, an employee who worked in the VIP section of Countrywide is blowing the whistle on the Senator. What is galling is that while Countrywide was writing thousands of [...]

Page 4 of this weeks Boston Courant: On Thursday, July 24 at 7:22 pm, a District 4 officer responded to a breaking and entering report in the 400-block of Marlborough Street. The victim said he had gone out for 20 minutes to check his car parked at a Newbury Street meter. He left his apartment’s [...]

The FDIC closed five more banks on Friday, and that brings the total FDIC bank failures to 69 in 2009. The pace has really picked up recently, with the FDIC seizing almost 5 banks per week in July, and with 5 months to go, it seems 125 to 150 bank failures this year is likely.