Goldman Sachs took a look at 24 prior housing busts and draws some tentative conclusions about what to expect moving forward.
The good news: History shows that ‘double-dip’ recessions are very rare after a housing bust.
The bad news: Recoveries after housing busts are usually very, very slow.
Well, we’ll take a very, very slow recovery if the [...]

The Boston Business Journal, Book of Lists came out today. Below is a listing of Massachusetts’ largest employers:
1. Stop & Shop
2. Massachusetts General Hospital
3. Harvard University
4. Brigham and Women’s Hospital
5. Massachusetts Institute of technology
6. Verizon
7. Shaw’s Supermarket
8. UMass Memorial Health Care
9. State Street Corp.
10. CVS

And now it begins. Our first short-sale listing in Beacon Hill for Ford Realty. A one bedroom located at 21 Revere Street, 560 sq ft., asking price $280,000.00. More info call Lawrance O’Connor at 617-720-5454 or 617-785-6188.
On another subject, I just picked up a building for sale in Beacon Hill asking price $1.9mil. More info [...]

By now, the real estate industry’s battle cry has become accepted and common knowledge, seemingly accepted by consumers, commentators, and politicians alike: We must fix housing in order to fix the economy!
But what if our common knowledge on the subject is flat-out wrong? What if – and here’s a world-changing idea – housing isn’t [...]

Boston Mayor Thomas Menino visited a recently renovated Roxbury home thanks to the PBS television show “This Old House.”
Earlier today at 1:30 p.m., Menino toured the formerly foreclosed house at 42-44 Woodbine St. For the past several months, “This Old House” has filmed the house’s renovation. Menino will meet the new homeowner at one [...]

Prices for the most expensive U.S. homes rose in 12 of 17 cities tracked by S&P/Case-Shiller indexes, which also included Boston.
The following is an excerpt from Business Week:
“It does indicate that this is real demand and not just a statistical aberration,” said Karl Case, a co-creator of the indexes. “The ones coming in and buying [...]

Median prices for single-family homes sold in Boston last year slipped 2 percent to $327,500 from $335,000. But home prices actually managed to creep up in a few city neighborhoods, according to new stats from The Warren Group.
In downtown Boston, which includes posh nabes like Back Bay and Beacon Hill, home prices surged 36.1 percent [...]

James Hagerty at the WSJ writes about existing home inventory: Housing Momentum Builds but Perils Persist
Inventories of homes listed for sale are down sharply across the U.S. and have reached very low levels in some areas … The decrease in supplies has sparked a return of bidding wars on lower-end properties in some neighborhoods, [...]

Okay, tell me what you think of this idea. Natick-based RE/MAX of New England and The Stop & Shop Supermarket Co. of Quincy have partnered to develop “micro real estate offices” in local supermarkets.
This is the first time a major real estate brand has teamed up with a large consumer retailer to house real estate [...]

Here’s an email I received today.
NBA versus NFL – you gotta love this………………………..
GUESS WHICH ONE……..
Even if you aren’t a sports fan this is very interesting!
36 have been accused of spousal abuse
7 have been arrested for fraud
19 have been accused of writing bad checks
117 have directly or indirectly bankrupted [...]