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Archive for October, 2009


Gender Blunder

A new downtown restaurant, Stoddard’s Fine Food and Ale located at 50 Temple Street had plans to open November 17th as a private men’s club/restaurant.
Guess what? The ACLU and the Massachusetts chapter of the National Organization of Women (Mass NOW) had a problem with that.
The new downtown restaurant has now decided to open its [...]



Boston condos sales report, October 31, 2009

The following is for the period ending October 31, 2009 compared to (October 24, 2009).
Units on market: 1,977 (1,988)
Average days on market: 128 (128)
Median price: $415,000 ($405,000)
Average price: $689,883 ($683,034)
Price changes, last thirty days: 530 (502)
Average price change: -4.27% (-4.02%)
Average $ price change: -$23,023 (-$22,412)
Under agreement: 301 (287)
Average days on market: 116 (107)
Sold (closed), last [...]



Cambridge MA Condo Sales

The average Cambridge condo sales prices are up from last year.
8/1/09 – 10/31/09
Number of Cambridge condo sales – 197
Average Cambridge condo sales price – $473,418.00
Number of days on the market – 73.90
Average price per sq ft – $430.00
———————————————–
8/1/08 – 10/31/08
Number of Cambridge condo sales – 229
Average Cambridge condo sales price – $465,605.00
Number of days on [...]



The Local Trick-or-Treating Index

Cambridge real estate agent Liz Bolton politely objects to real estate tracker Zillow.com’s methodology for determining the best candy-rich Halloween towns.
Of course density of homes matter, she says. But she adds: “Aim for the neighborhoods with lots of decorations outside – spider webs, door decals, etc. – those will be your Halloween hotspots.”
Ford Realty, [...]



Federal Home Loan troubles

Wonder what’s going on behind the banking scenes?
The BBJ has a story on the struggling Federal Home Loan Bank of Boston, which the paper describes as a key source of funding for area lenders. The story gives a small peek into how complex things are right now.
The bank is apparently in good fundamental shape. [...]



Recession blues

Ugh.
The rest of the nation may have come out of recession last quarter, causing minor celebrations on Wall Street yeserday.
But Massachusetts was still in its own recession last quarter.
The big question is: What happened? Wasn’t the state supposed to be in better economic position than the rest of the nation?
It’s only one quarter. Some [...]



Stimulus success? Jobs cost state $216G each

The state isn’t getting much bang for its federal stimulus buck.
Gov. Deval Patrick announced yesterday that the $1.9 billion in American Recovery and Reinvestment Act money he’s spent so far has “created or retained” 23,533 jobs.
That’s $80,737 per job over just seven months.
My thoughts: Perhaps I was too tough on the homebuyer tax credit. Compared [...]




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