Really? Do you think so? And we thought it had a soothing and calming effect on homebuyers. Silly us.
There’s some good quotes in the story by Wellesley College’s Karl Case about the housing market. Otherwise, the headline and story could have applied to just about anyone. … Plumbers Spooked by Stock Volatility. … King Crab [...]

According to the CBS video below, Massachusetts is ranked the fifth highest in the country for mortgage balances with an average of $221,570. Among other findings, Boston residents have an average credit score of 689, while the average for Massachusetts as a whole was 682, the second highest in the nation.

As of August 21, 2011 MLS is reporting that 62 Back Bay condos are under agreement. The average list price (not sales price) is $1,113,568. The average list price per square foot is $880.

While most parts of the country are seeing their real estate equity dropping, Boston condo owners are seeing their condo values on the rise since 2009.

Click on the Boston condo chart to enlarge.
Source: LINK

The appraiser comes tomorrow. Had a 30-year at 4.8%, paid down some more principal with tax refunds and now going for for a 20-year at 3.75% and 0 points. Will cut six years off the mortgage and the payments will only be -$100.00 more per month.
- Ryszard

As a Boston real estate broker, I’ve seen some bizarre open houses, but this one …

I’d like to tell you a story and give a nice Boston real estate compliment to one of my top Boston real estate agents.
But, first, a Keith Richards story about Charlie Watts, legendary drummer for the Stones.
After a night of drinking, Mick saw Charlie asleep and yells: Is that my drummer? Why don’t you get [...]

It’s music to our ears!
Btw: You know things are bad out there when experts urge investors to flee to not-so-safe havens. But we’ll take it!
File under: Let’s make a deal

As we reported a short while ago, Shangri-La’s on Cambridge Street is closing and will be replaced by a new “Tip Top Room” bar and grille. The new owners have just filed plans for the new restaurant-bar concept.
The Beacon Hill Civic Association seems on board, praising the new owners for listening to their suggestions.
We wish [...]