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Archive for November, 2009
Norman J. Radow brings out the worst in some people. They scream at him. They sue him. He has even been punched in the face.
What has he done to deserve this? In a word: workouts.
The New York Times has written an article about Mr. Norman J. Radow that mentions a development (Grandview – Tremont [...]
11/25/09 |
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What is a boomerang renter? When grown children move back home with their parents.
With many Americans boomeranging back with mom and dad or sharing digs with roommates, the nation’s apartment operators–particularly the public players–continue to bite their nails as they await recovery.
The Pew Research Center reports that one-in-10 adults aged 18-to-35 – prime renting years [...]
11/25/09 |
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From the Boston Hearld:
Home sales soared in the Bay State last month, but the downtown Boston condominium market remains in distress.
Statewide, single-family home sales increased 17 percent last month to 4,295 compared to 3,664 in October 2008. It was the highest number of sales for October since 2005, but the median price fell 2.8 percent [...]
11/25/09 |
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From internet128.com:
Boston’s 2008 population is listed as 625,000, about 12,000-16,000 more than the usual federal population estimates for the city, and about 35,000 more than in 2000. Yet it’s less than the 630,000 that City Hall claims in a challenge to the official census bureau’s 2008 estimate of Boston’s population.
But here’s the kicker: The so-called [...]
11/24/09 |
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There was an increase in home sales throughout the country last month, but it appears that there will always be people (and banks) trying to skirt the system.
According to azcentral.com, an Arizona website, there is funny money auctions going on …
“Prices on some foreclosure homes are being dropped below the opening bid just hours or [...]
11/24/09 |
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WBZ News reports:
An I-Team investigation found that millions of taxpayer dollars are being wasted not on excess salaries or over-budget projects, but on empty parking spaces.
Chief Correspondent Joe Shortsleeve found that the state spends almost $3 million on leasing spaces that are never used.
Read more
11/24/09 |
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The legal battle is between Mass Eye & Ear versus Joseph Crisafulli regarding 313-315 Cambridge Street.
Here’s the short version of the story. On September 21, 1989, Samuel Crisafulli, Joseph Crisafulli’s brother, signed a purchase option with Mass Eye & Ear. The purchase option stated, that five years following the death of Charles Crisafulli and Eleanor [...]
11/24/09 |
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Congress ultimately extended the $8,000 homebuyer tax credit, but it appears the mere thought it might expire drove people to buy last month in Massachusetts.
But it didn’t help prices. They were down.
The credit may have distorted the median-price figures, as first-time buyers rushed for deals in the mid- and lower-end ranges. The November numbers [...]
11/24/09 |
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From the WSJ: 1 in 4 Borrowers Under Water
The proportion of U.S. homeowners who owe more on their mortgages than the properties are worth has swelled to about 23% …
Home prices have fallen so far that 5.3 million U.S. households are tied to mortgages that are at least 20% higher than their home’s value [...]
11/24/09 |
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MLS sales data for October:
October 2009
Number of Boston condo sales – 296
Avg sales price – $423,987.00
Day’s on the market – 95.99
October 2008
Number of Boston condo sales – 273
Avg sales price – $478,961.00
Day’s on the market – 103.08
11/23/09 |
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