Well, by now everyone has read all the bad news about the Massachusetts real estate sales market. So I thought I’d provide you with some positive news. Hmm…where should I begin…
President Obama happens to be vacationing in an area of the country shielded from plummeting home sales.
But with a median housing value of [...]

I was going to provide a link to the NAR web site that shows that buying a home is still a good investment, but I thought these two articles would be more credible:
• Five Reasons to Stop Worrying About Your Home’s Value (Moneywatch)
• In Defense of Home Ownership (NYT)

The prime lender for the W Boston project wants the bankruptcy court to give it permission to foreclose on the 26-story Theater District building.
The developer and city of Boston, which chipped in $10.5 million to complete the final spa/restaurant/bar components of the project, are resisting the move by Prudential Insurance. They argue a [...]

This video clip is about a Time Magazine article asking the question – Does homeownership make financial sense?

Visit msnbc.com for breaking news, world news, and news about the economy

Harvard’s Edward Glaser says people are just as well off saving actual money versus investing in homes in order to build up long-term wealth.
Unless we’re reading the op-ed wrong, he says stats show that housing prices in the Boston area have increased by only about one-tenth of 1 percent per year over the past 22 [...]

From a fellow real estate blogger:
Earlier today I was chatting with a random stranger. Oddly enough the topic of real estate came up. Random stranger said he’d often pondered getting his real estate license.
I tried to wave the guy off, but he wouldn’t listen.
He asked me a question that I couldn’t answer…
How many Realtors [...]

Apparently, bashing Goldman Sachs plays well in China these days.
A new Chinese bestseller called “Goldman Sachs Conspiracy” argues that the bank’s ultimate goal is to “kill China,” the AP reports.
An excerpt from the book:
“Like a fox chewing a bone, Goldman Sachs knows the rules of the game and when to go for your neck.”

Equity Residential wants to tear down the old five-story Garden Garage near TD Bank Garden and replace it with a 500-unit apartment complex. It would be just the latest apartment/condo project in the area of the Garden.
File under: Slam dunk plan

Robert Shiller, an economics professor at Yale University claims that July was ‘anomalous’ month for real estate sales.

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