A real estate agent in my office, just obtained an Exclusive Right to Sell on a Beacon Hill building located on Phillip Street. Any investors or brokers interested in more details, please call Janet on her cell at 617-721-9504.

Boston Massachusetts Mortgage Rate Update is a resource for potential Homeowners and current Mortgage Borrowers to understand what economic data is relevant and what the situation is with mortgage Interest Rates. Brian Cav will provide a opinion as to whether you should lock or float your Home Mortgage.

Earlier today, Trulia.com came out with a report regarding U.S cities with real estate “asking price” reductions. The report compared price reductions in April 2009 with April 2010. Here are the results for Boston:
April 2009 28% of listings had a price reduction.
April 2010 26% of listings had a price reduction.
The average price reduction in [...]

Massachusetts is among the 10 most expensive states for renters, according to a new report from the National Low Income Housing Coalition.
Although the recession is dragging down wages, rents across the country are continuing to increase, the report found. Sorry renters.
An average family needs to make more than $38,000 a year in order to [...]

This week will be the last Open House weekend before the $8,000 tax credit expires for first-time home buyers (under contract). Many sellers and brokers have high hopes that the spring market is very much alive and buyers will be rushing to get their offers accepted to meet the federal deadline.
Last weekend was the first-ever [...]

Is it better to buy or rent? Whether renting is better than buying depends on many factors, including how fast prices rise and how long you will stay in your home. In today’s New York Times they compare the costs of buying and renting by using a interactive chart/calculator. In the example used by the [...]

Jennifer Schonberger at Motley Fool interviews Professor Robert Shiller on housing and the stock market.
A couple of comments from Shiller, first on real estate prices:
Robert Shiller: Home prices have been going up for nearly a year now, according to our data, the S&P/Case-Shiller indices … Normally we could extrapolate that kind of upward trend [...]

First-time home buyers, are you looking for a good deal? Check this out: You can purchase a property for $43,000 in a luxury building with 24hr concierge and elevators. No joke. In order to purchase this unit at 150 Staniford Street #724 (next to the Boston Garden) you must:
1. Earn less than $46,300 per year.
2. [...]

In March 2010, according to LINK, 37 condos sold for $1M and above.
The avg sales price – $1,969,128
Med sales price – $1,680,000
Avg price per sq ft – $947
Based on the sales data, 10 out of the 37 sales were from new luxury condo developments such as the W, the Clarendon, FP3 and Zero Marlborough.
The following [...]

Not all Boston sellers are cutting asking prices to sell their condos. MLS reported that Campion & Company sold 100 Beacon Street #8 for asking price. But it did take some time. The property was first listed for sale on 1/24/2008 for $6,250,000 and sold on 4/14/2010 for the same price of $6,250,000.
File Under: Thumbs [...]