A look at the age-old question: To buy or to rent? Excerpt:
However lawmakers define the government’s role in the housing market, consumers have already begun redefining the American Dream: One where it has become socially OK to mail in a rent check rather than a mortgage coupon.
Hmmm. Is the current trend really about it being [...]

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.

Here’s an interesting article:
The Abbey Group (owner 45 Province St) is putting Boston’s Landmark Center up for sale, reportedly aiming to reap more than $525 million for the mixed-use commercial complex located blocks from Fenway Park. The firm is led by Robert Epstein, a managing partner of the Boston Celtics.
Cushman & Wakefield has been hired [...]

Back Bay condo sales report.
Beacon Hill condo sales report.
Charlestown condo sales report.
Fenway condo sales report.
Leather District condo sales report.
Midtown condo sales report.
North End condo sales report.
South Boston condo sales report.
South End condo sales report.
Waterfront condo sales report.

Two thumbs up for the marketing team at 45 Province Street on another closing.
45 Province Street #2601 list price – $2,300,000
Closed on 7/26/2010 for $2,175,000.00

Diana Olick at CNBC quoted NAR chief economist Lawrence Yun:
Even the always glass-is-half-full chief economist Lawrence Yun made clear several times in the briefing before the report’s release, that he expects home prices to come under significant pressure over the coming months, as inventories rise.
…
Inventories will surpass ten months,” says Yun. “If sustained, prices [...]

Despite the end of the federal tax credit, housing conditions across most of the country improved in May, according to a new S&P/Case-Shiller Home Price Indices report.
Massachusetts fared pretty well, with home prices increasing about 1.6 percent month-to-month and 4.8 percent year-over-year. The report tends to confirm what Banker & Tradesman is also reporting (see [...]

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The excerpts below are from a Banker & Tradesman article regarding the surge in single-family homes sales in Massachusetts for the month of June:
More than 5,700 single-family homes sold in Massachusetts in June, the highest amount for any month since June 2006, according to the latest report by The Warren Group, publisher [...]

I need to read the Banker & Tradesman more often, because they have some fascinating data on the local condo market. Here are my two favorite excerpts from today’s article:
… condominium sales for the second quarter more than doubled from a year earlier, and posted the strongest sales pace for any second quarter since The [...]

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Colleen Sullivan has an interesting article in Bankers & Tradesman about how the Massachusetts million dollar-plus home market is heating up. Below are excerpts from Colleen’s article:
Sales at the high end of the market have increased markedly over the past few months, with some Massachusetts towns seeing homes sales in the $1 [...]