Condominium sales in March rose for the sixth straight month. Condo sales soared 33.4 percent to 1,515 from 1,136 in March 2009. A total of 3,448 condo sales transactions were recorded in the first three months of the year, a 22.9 percent increase from 2,805 a year earlier.
The median price for condos sold in [...]

A CEO of a small bank in Calf. anwers the big question: “Should I walk away from my mortgage?” (Video)

Federal Reserve policymakers end a two-day meeting today (Wednesday) and will likely issue what is always a closely scrutinized statement about interest rates, the markets and economy in general. Stay tuned.
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By picking a public battle with him.
Does Don Chiofaro really think he’s going to influence Mayor Meninio this way? Does he think a judge or jury will overturn the BRA’s decision on his proposed waterfront tower? There are a lot of things to get upset about when it comes to development projects in Boston. [...]

I just picked up a new exclusive building for sale on Beacon Hill. I’m going to try to sell this bldg on my own before I put it on MLS. If interested, please call me. Phone number above. Needs a lot work.

Former housing-market party pooper John Paulson, the hedge-fund billionaire who made a killing betting the mortgage market would fall off a cliff a few years ago, is now a party animal, so to speak.
Mr. Paulson, who has been tied to the Goldman Sachs controvery of late, is now optimistic about recovery. Mr. Paulson said that [...]

Kurt Brauwer sure isn’t buying the good-news housing market narrative:
Both types of homes have fallen drastically in sales volume, but new home sales have fallen much, more. So, take note of this information when you see a piece about how strong new home sales are. They are still very low by historical standards.
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1st Q 2010 Boston condo sales from $400k – $800k
Number of Boston condos sold: 216
Avg. $: $544,551
Median $: $524,000
Avg. $/SF: $509
Avg. DOM: 142
1st Q 2009 Boston condo sales from $400k – $800k
Number of Boston condos sold: 151
Avg. $: $531,692
Median $: $500,000
Avg. $/SF: $493
Avg. DOM: 130
1st [...]

Paul McMorrow wrote an article for Banker & Tradesman regarding the differences between two Boston luxury condominium developments, 45 Province Street and the Clarendon. The following are a few excerpts from the article:
Clear winners and losers are already beginning to emerge. The Clarendon has been open for a fraction of the time 45 Province [...]

David Kocieniewski at the NY Times looks into how much the homebuyer tax credit ultimately cost:
Though the Treasury Department and the real estate industry have termed the program a success, helping 1.8 million people buy homes, many tax policy experts say it has been singularly cost-ineffective: most of the $12.6 billion in credits through end [...]