Now the fun starts. I hope that real estate & mortgage brokers out there have had enough business to survive through the summer months. Even with historic low rates, mortgage applications have fallen 27.1 percent during the month.
Hmm…can we thank the expiration of the government tax credit for this drop?
Some would claim that the [...]

The above pictures and drawings are possible renovations for the Longfellow Bridge. According to an atricle from the Beacon Hill Times, here’s the plan: Reduce traffic on the bridge to one lane in each direction. Widen the Red Line right of way to bring emergency evacuation space up to safety standards. Change the surface of [...]

Good times are back for Newbury Street. The Boston Globe reported yesterday on how Newbury Street is making a comeback. Here are excerpts from the article:
So far this year, more than a dozen new shops have opened on Newbury Street — from Cotelac women’s apparel to British clothier Ben Sherman — giving the street a [...]

Here’s an amusing and interesting video clip from the folks at ThnkBigWorkSmall.com

The mortgage deduction has been sacrosanct in promoting home ownership since the Presidency of Herbert Hoover. That may be changing as Housing and Urban Development Secretary Shaun Donovan, pictured above, floated the trial balloon of eliminating or modifying the home interest deduction.
Discussing the housing crisis with reporters at a session sponsored by Third Way, [...]

Scott is monitoring the post-tax credit housing market environment. The numbers aren’t exactly encouraging:
Apparently we are a nationwide leader in the race to cut prices since the April 30th expiration of the home buyer tax credit, which, of course, took out a whole bunch of buyers.
Well, some suburban towns are managing to top even that [...]

Another day. Another Fenway-area foreclosure auction is looming. Do you think a condo-sale pattern is forming here?
File under: Whiff.
PS: There’s another reason for the Fenway blues. But we won’t get into that today.

What’s going on here? Are we up? Are we down?
Well, dig down into the actual numbers from LINK via Suffolk Registry of Deeds and you’ll find that, yes, 2010 first four months, Boston condos sales are up compared to 2009.
Boston Condo Sales 1/1/09 – 5/1/09
Number of Boston condo sales – 993
Avg Boston condo sales [...]

The Davis Cos. has purchased 41 unsold Audubon Park condos near Fenway for $13.5 million.
At an average $329,268 per unit, the foreclosure-auction price seems a little high for a market area that’s still struggling. But the head of Davis seems confident that, at the least, he can’t lose on the deal.
File under: Sacrifice bunt?

According to MLS, eight W condos are under agreement. I wonder how many of those will actually close?