Real estate purchases should uptick soon due to a loosening in residential and commercial lending.
Since the beginning of the year, the appetite for real estate loans by lending institutions is increasing dramatically and without notice to the real estate buyer. Banks are back lending money in a big way. The view is that properties in [...]

This article from David Streitfeld and Megan Thee-Brenan at the NY Times made my day: Despite Fears, Owning Home Retains Allure, poll shows.
Nearly nine in 10 Americans say homeownership is an important part of the American dream, according to the latest New York Times/CBS News poll.
55% said important and another 34% said “somewhat [...]

The official 2nd Q 2011 sales data is not out yet, but early indicators are positive for sellers in the Beacon Hill area.
Beacon Hill sales:
The number of Beacon Hill condo sales 2nd Q 2011: 62
The number of Beacon Hill condo sales 2nd Q 2010: 46
Average Beacon Hill condo sales price 2nd Q 2011: $668,897.00
Average Beacon [...]

I’ve been thinking of opening a new office in the Back Bay. But I’m not sure if this is the best use of my resources. Thus, I’ve decided to invest $1,000.00 on a new Back Bay real estate blog. Based on my readership, I’ll decide if I should move forward or not.
My new blog url [...]

From the Boston Globe:
The S&P/Case-Shiller Home Price Indices — which measure repeat home sales nationwide — also released new data yesterday. Case-Shiller showed that home values in April moved higher in many of the nation’s largest cities, but there was a slight drop — two-tenths of 1 percent — in the Boston market.

Looking for a one bedroom Beacon Hill apartment for $1,300.00 per month? If so, give Linda Mitrano a call at 617-720-5454. Brokers welcome

You heard of Carfax, right? “Show me the Carfax” is the advertisement slogan that you see on TV for which you can find out if a car you’re considering buying has ever been in an accident, had a major repair, or similal vital data. So I guess it would make sense that you should be [...]

Good news via the BBJ:
The report found that, as of April 30, 5.79 percent of active home loans were delinquent in the so-called Boston-Quincy region. The rate was down from March’s rate of 5.91 percent and marked the region’s lowest delinquency rate on record since July 2009. CoreLogic qualifies a mortgage as delinquent if it [...]

The pendulum has swung the other direction. Banks have been blamed for being too lax within their lending practices in the past, having given mortgages to millions of people who couldn’t afford them and contributing to the foreclosure debacle. Now, they’re being cited as being too restrictive. Some real estate brokers are now saying banks [...]