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Archive for March, 2010
Mark your calendar for April 28, when 41 of 53 condos at the Audubon Park complex in the Fenway are scheduled to go on the foreclosure auction block. The owner, 16 Miner Street LLC, apparently defaulted on construction loans. It was just a tough time to sell condos in a so-called “pioneer” area of the [...]
03/31/10 |
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The median price of a single-family home in Massachusetts rose 8.4 percent last month compared to a year ago, while overall sales were up 13.5 percent. One word: Impressive. Actually, two words: Very impressive. There’s always a “but,” so here it is: But the big question is what comes after all the federal interventions and [...]
03/31/10 |
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One of the key housing questions is: Will house prices fall as the government support for housing eases? Anyone thinking housing prices have reached a bottom had better do some recalculating. Despite Tuesday’s Case Schiller report showing smaller declines in January, housing prices may already be in another free fall. Newly revised numbers are pointing [...]
03/30/10 |
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Scott and Larry Kudlow tackle the thorny issue of housing prices and the federal government’s latest plan to modify mortgage plans to keep struggling homeowners afloat. Both have identified the problem: Many homeowners are still “under water” in terms of the values of their homes purchased at the peak of the market and the values [...]
03/30/10 |
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As expected, sales are picking up again as contracts must be signed before April 30th to qualify for the Federal tax credit: After several disastrous months for home sales across the country, when volume dropped by 23 percent, the pace appears to be picking up again. These deals will be reflected in the national sales [...]
03/30/10 |
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Boston is now one of the many markets that Zillow has now added to the double-dip home value watch list. Double dip, meaning home values showed sustained monthly increases sometime during the year, but have been falling again, for at least five months in a row, on a month-over-month basis. Zillow’s data actually contradicts The [...]
03/29/10 |
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Today, I received a call from a potential client asking me about 45 Province Street. The caller said he heard good reviews about the building and would like to find more information about these condos. The caller went on to say that when he was on the search portion of my blog he couldn’t find [...]
03/28/10 |
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