Comparing Boston South End condos from January 1st – December 15th for the years 2009 and 2010:
Number of Boston South End condo sales in 2009 – 566
Number of Boston South End condo sales in 2010 – 535
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Average Boston South End condo sales price in 2009 – $600,958.00
Average Boston South End condo sales price in 2010 – [...]

Use Mortgage for last minute 2010 Tax Deduction Boost!

Click real estate chart to enlarge.
Currently in Boston, buying a Boston condo surpasses renting an apartment as the optimal choice in under 5 years, similar to pre-bubble results, according to the above Fannie Mae housing chart.
Read the full report here.

Although, many in the real estate industry still anticipate price corrections, the November RE/MAX Housing Report indicates that prices are remaining stable, or in some cases on the rise. Of the 54 cities survey for the RE/MAX report, 36 showed price increases from last year. The top five markets with real estate price increases:
1. Burlington, VT: [...]

As reported in the Boston Herald yesterday, developer Steven Samuels is planning a huge $250 million development at the corner of Boylston and Brookline Ave. in the Fenway. Plans filed for the BRA call for a total of 290 apartments, and about 400,000 square feet of retail and office space.

In the posts below we just listed some key data for prime downtown Boston condo markets. Over all, we can say some key downtown condo markets held up with small to minimal price declines – and one area actually bucked all trends.
The obvious sweet spot is the $1 million-plus market in condos in Back Bay. [...]

Hi everyone Happy Holiday week!

Overall, I am expecting to see some movement in the markets and mortgage rates, but nothing drastic unless we get some surprising results from the week’s data. That said, we still need to keep a cautious approach following the surprising volatility of the past couple of weeks. I still believe there is more room for improvements to mortgage rates. We saw some improvement late last week and I believe there is a decent possibility of extending those gains the next couple of days.

The number of Back Bay luxury condominium sales of $1,000,000 and above increased this year compared to 2009.
Comparing Back Bay luxury condo sales January 1st – December 1st 2010 with 2009:
The number of Back Bay luxury condo sales $1mil & over in 2010: 162
The number of Back Bay luxury condo sales $1mil & over in [...]

I guess I should file this Boston real estate blog post as…umh….Bah Humbug!
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One trillion dollars is a number that few people can comprehend, let alone the $13 trillion dollar (plus) US National Debt (running debt clock below)…

Okay, how much is a trillion dollars.

What can you buy for a trillion dollars?