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Archive for September, 2009Report: 1 in 3 loan applications deniedDid you know that nearly one in three borrowers who applied for a mortgage last year was denied? Lenders kept their standards tight as the mortgage crisis accelerated, the government reported Wednesday. Beacon Hill Condo – Short Sale ListingAnd so the Boston housing crisis continues……. Boston Landlords Are Getting FrustratedThere’s a saying: “For every action there is an equal and opposite reaction.” While first-time homebuyer’s are taking advantage of the $8,000.00 tax credit, some Boston landlords claim they’re paying the price. As more and more renters are purchasing $200,000 to $400,000 properties it appears it’s leaving a void in the rental market. Check these [...] Boston real estate sales numbersFrom today’s Boston Herald: It’s all on how you read the numbersThe Warren Group reported that single-family home sales inched up 2 percent in August compared to the prior year. August was the second straight month that sales volume increased in Massachusetts. Mass. is Tax Foundation’s 15th least favorite stateThe DC-based Tax Foundation came out with its annual State Business Tax Climate Index, ranking Massachusetts 36th in business friendliness (down from 32nd last year). That’s still better than most Northeastern states. New Jersey was at the bottom, followed by New York and California. South Dakota was judged to be the best state to set [...] We’re #4The S&P/Case-Shiller index also shows signs of an early local and national housing market recovery, going back to July. Boston ranks #4 on its latest value list. Care to guess what city is first? Go ahead. Guess. A wild guess. The answer is … Cleveland? |