If you’re a Boston condo owner or seller, here’s some postive news:
11/1/09 – 11/19/09
Number of Boston condo sales – 165
Avg Boston condo sales price – $556,628.00
Median Boston condo sales price – $323,000.00
Avg price per sq ft – $603.00
Avg days on the market – 108
11/1/08 – 11/19/08
Number of Boston condo sales – 154
Avg Boston condo sales [...]

I know it’s raining outside, but this real estate story will bring sunshine into your life.
How to become rich in real estate. It’s a true story from David Streitfeld at the NY Times: Easy Loans in Expensive Areas
In January, Mike Rowland was so broke that he had to raid his retirement savings to move [...]

From the Boston Herald:
Fifteen-year mortgages dropped to a historic low last week while the 30-year rate came close to hitting bottom on the heels of the nation’s top bank pumping cash into a troubled real estate market.
“The Federal Reserve purchased more than $1 trillion worth of mortgage-backed securities from Fannie Mae and Freddie Mac and [...]

Last month, it was announced the Pontiac Silverdome would be auctioned off. The auction happened and the winning bid was… drum roll, please… $583,000.
$583,000!
That’s right, not a typo folks — $583,000 for an 83,000-seat sports arena, on 127 acres in Detroit Pontiac! According to the Detroit Free Press, the winning bidder is someone from Toronto [...]

Regardless of the grim housing news, Boston condos are still going under agreement. According to MLS 475 condos are presently under contract.
Boston condos priced $400,000 or less – 290.
Boston condos priced $401, 000 – $599,000 – 98.
Boston condos priced $600,000 – $800,000 – 31.
Boston condos priced $801,000 – $999,999 – 15.
Boston condos priced $1mil above [...]

Try to make sense of these latest bi-polar Massachusetts forclosure numbers:
Foreclosures were up 30 percent in October compared to September, but down 8.5 percent compared to a year ago.
Foreclosure filings were down 9 percent in October compared to September, but are up 11 percent compared to a year ago.
So you can be encouraged about the [...]

More than half of smaller, independent landlords, who expect the difficult rental market to continue, are renovating their vacant properties, according to a recent study.
The National Association of Independent Landlords found 76 percent of landlords said they are sprucing up property to attract tenants. This concept not only applies to new renters but the retention [...]

Some new condo developments have spent much of the year averaging less than one sale per month; FP3 was doing two to three during the summer, and closed seven in October. Three more are under agreement, and four others are being held on reservation. FP3 appears to be the busiest new condo development in town. [...]

The BRA has approved the 40-unit Urbanica 691 project in the South End.
The five-story, $14 million condo building, near Massachusetts and Harrison avenues, will have units selling for about $300,000 to $400,000, according to the BBJ.
Those sound like pretty reasonable prices.

Curt Schilling is having a tough time in the real estate market. Check this out: On March 26, 2008, Curt put his mansion on the market for $8,000,000. A year later, almost to the exact date, March 16, 2009, he reduced the price by $3mil to $5,000,000.
On September 16, 2009, the price was changed again [...]