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This week, Trulia announced that 22 percent of listings currently on the market in the United States as of June 1, 2010 experienced at least one price reduction, which is a slight decrease from 23.6 percent in June 2009.
In Boston, 31% of all listings as of June 1, 2010 had a [...]

More bad news for homeowners who’ve been struggling with mortgage payments: Fitch Ratings released a report yesterday predicting that most homeowners who’ve received a loan modification under the federal Home Affordable Modification Program, or HAMP, will default within a year.
The redefault rate within a year is likely to be 65 percent to 75 percent under [...]

If you’re an investor looking for a building for sale, please e-mail me at realtyford@yahoo.com. I know of a 6,000 square foot building on Beacon Hill for sale. For more info, please email me or call my associate Linda Mitrano at 617-512-3712. Principals only.

The sale of triple-decker homes is apparently soaring.
Some don’t like the trend, saying “speculators” are snapping them up for investments and not pouring enough money into them for improvements. That’s probably true.
But isn’t it good that at least someone is buying them? The alternative is abandoned properties. The fact that speculators are speculating again is [...]

The loss of the $8,000 federal tax credit has obviously hurt the real estate market, but picky buyers are also slowing down sales.
One can’t blame buyers too much. It’s the market. If sellers have to jump through hoops to make a sale, then it’s jump through hoops to make a sale.
But sometimes buyers demand [...]

Banker & Tradesman reported today that the Senate voted to extend the amount of time for homebuyers to close on their contracts to take advantage of the homebuyer tax credit:
The Senate voted Wednesday to give homebuyers another three months to settle on their contracts and take advantage of a popular tax credit that sparked a [...]

The following are Boston neighborhood stats comparing list price (after discount) and the orginal list price to the actual sales price for Boston condos.
Back Bay: List/Sale 95% Original/Sale 93%
Beacon Hill: List/Sale 97% Original/Sale 94%
Brighton: List/Sale 97% Original/Sale 94%
Charlestown: List/Sale 98% Original/Sale 96%
Dorchester: List/Sale 98% Original/Sale 96%
East Boston: List/Sale 97% Original/Sale [...]

No, I’m not referring to BP Oil.
In 2007 Fannie Mae (FNM) and Freddie Mac (FRE) were trading above $60; now, shares are at 56 cents and 76 cents respectively.
According to the NYSE rules, a company has to “take action to boost its shares or delist.” Both Fannie and Freddie plan to start trading on [...]