Think it’s bad now? Here are a few indicators that may frighten some Boston real estate agents:
Massachusetts single-family home sales indicator:
Year-to-date totals
2011 – 11,308
2010 – 14,158
Condo sales down 2.6% in September and from 2010 to year-to-date down condo sales down 20%.
Mortgage delinquencies indicator: Mortgage delinquencies are on the rise. In the second quarter 2011 number [...]

This is interesting: The Boston metro area isn’t in the top 10 list of metro areas with the highest median home prices in the third quarter.
Boston usually makes such lists, but maybe it just wasn’t a good third quarter here.

One has to wonder how the U.S. economy — and housing market — would be faring if it wasn’t for the financial crisis in Europe. The Dow got killed today.
Of course, the European financial crisis was a direct consequence of our financial crisis. So we can’t whine too much.
File under: Be careful of Greeks bearing [...]

November 9, 2011: New retail space available for rent on Beacon Hill. This Charles Street space is over 1,000 sq ft. for only $3,000.00 per month. Rent includes everything except electric.
For information, call Linda Mitrano at 617-720-5454 or email her at lindamitrano@yahoo.com.

Boston condo price reductions based on MLS data.
BOSTON CONDO ASKING PRICES 
Boston condo price reductions, last 60 days.
 
Number of Back Bay condo listings – 187/# price reductions  -4
Number of Beacon Hill condo listings – 57/# price reductions – 1
Number of Hyde Park condo listings – 22/# price reductions – 1
Leather District condo listings – 11/# price reductions – [...]

How much do you think residential home prices rise in a typical year? 4 out of every 10 prospective home buyers surveyed by real estate search site Zillow say “7%,” which Zillow says – is way out of sync with reality.
Housing bubbles and busts aside, home values usually increase 2 to 5 percent a year, [...]

I’m aware of a 46-unit apartment building for sale. Great location in Boston. 5% cap.
Ideal for a turn key for condo conversion!
For more information, call Linda Mitrano at 617-720-5454 or email at realtyford@yahoo.com.

Use your view feature to zoom in on  photo.

There was a blog post on Active Rain entitled: Can the Listing Broker Specify the Lender? (must be a logged-in Active Rain member to access). The post raises the question: Can real estate listing agents place certain requirements into the Multiple Listing Service (MLS) such as: Buyer must pre-qualify for a loan through lender XYZ [...]

The word I’m hearing from Boston real estate agents is that Figs, the flower shop on Charles Street, has just closed down.
The other Boston real estate news: the Beacon Hill Hammond Real Estate office will be closing down along with their existing Back Bay office. Apparently they’re going to combine both offices and relocate above [...]