Over the weekend, I read a housing news report in the New York Times. The article was based on an interview with Laure Goodman, who published a paper entitled: “The case for Principal Reductions.” Based on her housing data, here are two shocking observations: 1. Of the 55 million mortgages in the United States, more [...]

When I tell you what I learned this weekend, your first reaction should be rage. Unless, of course, you’re into schadenfreude (see blog post below for definition). 1.The number of Wall Street jobs lost since 2008: 20,000. 2.Goldman Sachs compensation down last year from an average of $430,000 to $390,000: 9%. 3. Bonuses are expected [...]

Sooner or later, it’s going to happen. It can’t keep up at its current pace. At Boston Real Estate Blog, we’re so convinced China’s housing market will tank soon that we’re considering sending over a special BREB correspondent to cover the event. Someone has to do it! File under: Schadenfreude, i.e. the pleasure derived from [...]

Boston condos open houses Roslindale – 29 Whipple Ave # 1R Status: Available Price: $174,000 Type: Condo Bedrooms: 2 Bathrooms: 1 Sq. Footage: 687 $/Sq. Foot: $253.28 Condo Fee: $150.00 Bldg Loc: Space: Deck, Porch, Common Garden Parking: Street Description: Location!! Location!! Location!! Steps to The Arboretum on the Roslindale Jamaica Plain line. 2009 professionally [...]

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The most recent updates on  45 Province Street, Boston W and the  Clarendon: 1. The Boston W has 123 luxury condos of which 52 have sold. Otis & Ahearn plan to have 50% sold by the end of the year. 2. 45 Province Street has 137 luxury condos and has a little over 40% sold. The marketing team claims [...]

Forget about the saying “Go west young man.” The new 21st Century saying is “Move back in with Mama.” In the last 6 years, the number of young men ages 23-34 moving back home with mom and dad has increased from 14% to 19%, based on a recent survey. Just another sign how this recession [...]

3rd Q Boston luxury condo building sales from 2005 through 2011: 2005 -247 luxury building condo sales down 33.60%from 2004. 2006 – 171 luxury building condo sales down 30.77%. 2007 – 158 luxury building condo sales down 7.69%. 2008 – 238 luxury building condo sales up 48.10%. 2009 – 160 luxury building condo sales down 31.62%. [...]

The Washington Post reported that $12.79 million in bonuses will be doled out to ten executives to Freddie Mae & Freddie Mac.  This cash cow was approved by the Federal Housing Finance Agency.  FHFA is the government agency that regulates Fannie Mae and Freddie Mac. I’m sure there’s a logical explanation on why there receiving [...]

The price will get you 25,400 square feet of space, including two home offices, theater, fitness center and steam room, full-sized basketball court, eight-stall barn, ten bathrooms and five bedrooms. (Only five bedrooms? They better be big.) It’s got everything the Jay Gatspy in you could possibly want, except the dock with the view of [...]