Expect an already slow economic recovery to slow down even more, the president of the Boston Federal Reserve Bank seems to be saying in both the Globe and Herald. Some tidbits from the Fed’s Eric Rosegren:
– The government needs to keep stimulating the economy, which is still quite weak, Rosengren suggests.
– There’s a worry that [...]

LINK’s 2nd Q Boston sales report was published yesterday, if you’re a buyer or seller, you’ll find the information in this report very informative.
Read the full report.

Median sales prices are up for studios and one-bedrooms, but down for two- and three-bedrooms.
Click here to enlarge.
Click here for more sales data for Beacon Hill 2nd Q sales.

Comparing the 2nd Q 2009 with 2010, Back Bay sales increased from 85 to 142.
Click here to enlarge Back Bay sales chart.
Click here for more Back Bay condo sales stats for the 2nd Q.

Downtown condo sales continued to improve in the second quarter, jumping to 849 sold units from 653. But prices fell a bit, by 3.6 percent, to a median price of $443,500.
The sales news is definitely encouraging, but let’s hold the champagne for the moment. Let’s see the third quarter numbers first. Sales through the second [...]

The national media has discovered that foreclosures can happen even on Nantucket. But the article, to its credit, digs deeper and discovers it’s not the Wall Street boys who are suffering.
The article also mentions local Nantucket real-estate blogger Brian Sullivan, who today summarized what’s happening on the island:
Basically there are 2 real estate markets on [...]

The following is an email that was sent to me from another broker that I thought you might find interesting:
After showing condos over the weekend, the pre-approved buyers made their selection and were ready to write a contract. So I did what I always do when preparing to write an offer, I called [...]

I just did a search to find out when the last sale was at the W Residence and, according to MLS, it was back in May 27, 2010.
Does anyone have an update on what’s going on at the W?

Look around the city of Boston and there’s a good chance there are some smart — and rich — people milling about. Boston ranked fifth in The Daily Beast’s list of the top earning cities, just behind San Francisco and ahead of Trenton New Jersey.
Here’s what The Daily Beast had to say about our [...]

The Globe looks at the increase in downtown luxury-condo foreclosures, focusing mostly on the plight of Geenway Place along the Rose Kennedy Greenway.
The downtown foreclosure increases aren’t that big in raw numbers. But it does show how the prolonged downturn is wearing down almost every segment of society.