From the WSJ Blog:
The National Association of Realtors is due to release its monthly report on existing home sales at 10 a.m. Monday, and it’s likely to look lousy. (What’s with this “existing” home sales bit? New homes don’t exist? Let’s call it home resales.) Analysts are predicting a sharp drop from November’s level. The [...]

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Boston condo inventory numbers:
January 24, 2006 – 2,360 Boston condos for sale.
January 27, 2007 – 2,010 Boston condos for sale.
January 24, 2008 – 1,607 Boston condos for sale.
January 24, 2009 – 1,608 Boston condos for sale.
January 23, 2010 – 1,548 Bosotn condos for sale.
These numbers are based on MLS data. What are your thoughts? Are [...]

The number of Boston condos selling for $1 million or more fell dramatically in 2009 compared to 2008, according to early LINK numbers.
Overall, million-plus home sales were down nearly 40% compared to 2008.
But sales of Boston condos for under $100,000 jumped 46% from the year before, virtually all of that increase due to condo sales [...]

Rules for obtaining FHA loans will be tightening. Where there is no minimum credit score, now a credit scor of 580 will be necessary to obtain FHA funding. Sellers concessions will top out at 3%. To read the entire article from the NY Times, click here.
“Borrowers who get an F.H.A.-insured loan will soon [...]

From Banker & Tradesman:
Boston Properties is preparing to convert the 65 remaining condominium units in its $550 million, mixed-use Russia Wharf development in Boston to rental apartments, sources have indicated to Banker & Tradesman.
Previously, Boston Properties had sought BRA approval to significantly reduce the number of residential units in the waterfront development, from 215 to [...]

Congressman Barney Frank of Newton wants to abolish Fannie Mae and Freddie Mac.
That’s not a big surprise. But it’s not clear how they might be replaced, if at all, and the impact on the entire housing industry.

After speaking with my agent who had a scheduled showing at 45 Province Street, I would like to retract the events that I claimed happened on my previous post. Apparently, I was wrong and I would like to apologize to Kendall Karsten, the Sales Assistant, and Cheryl Bliss, the Marketing Director of Sales. I think [...]

From the Boston Business Journal: The recession left most of Boston’s largest law firms battered – and smaller than were one year ago.
Whether through layoffs or attrition, Boston’s 25 largest law firms shed 9 percent of their lawyers in Massachusetts or 410 attorneys durring the past year, according to the Boston Business Journal research.
Source: Boston [...]

The foreclosure mess shows signs of stabilizing, for now, across the state. But the Cape Cod Times dug deeper into the numbers and found all is not well in its part of the commonwealth.
The opening tale of the auctioneer showing up at a woman’s home is pretty brutal. Can you imagine waking up, sipping your [...]