NEW YORK — There were fresh signs Tuesday that home prices in much of the country are stabilizing and the housing market is on the mend. Home prices in May posted their first monthly increase since the summer of 2006, according to the Standard & Poor’s/Case-Shiller 20-city index. Prices rose from April in 13 of [...]

My favorite line about Ben Bernanke is from Anna Schwartz a N.Y Times Op-Ed contributor: “Mr. Bernanke seems to know only two amounts: Zero and Trillions.” File Under: Does this guy know what he’s doing?

Enlarge Real Estate building collapse BOSTON — Emergency crews were called to the scene of a building collapse in Boston at 8:30am this morning near the Northeastern campus. Authorities said roofers were working at the site at 337 Huntington Ave. when part of the facade collapsed on the sidewalk. Symphony and Gainsborough Streets were shut [...]

Well today, I visited the Boston South End “luxury condos” at 1850. My first impression – “Cheap Looking.” That’s the bad news, now let me tell you the good news. If you want to buy one of their Boston South End auction condo lofts at min. asking price, I think it’s a good deal. But [...]

Fenway condo sales – 1/1/09 – 5/31/09 Number of Fenway condo sales – 30 Avg. Fenway condo sales price – $369,207.00 Median Fenway condo sales price – $338,250.00 Avg. price per sq ft. – $551.00 Avg. days on the market – 51 Fenwat condo sales – 1/1/08 – 5/31/08 Fenway condo sales – 73 Avg. [...]

1 in 8 Federal Housing Administration loans is delinquent. Yes, you heard it right. 1 in 8. That is a higher rate than any major loan portfolio that the same government is calling irresponsible by a factor of 3. So when you read about how the government officials are berating banks as being selfish and [...]

Fannie Mae and Freddie Mac have proposed new rules for appraisals, effective May 1, 2009, called the “Home Value Code of Conduct.” They are applicable to “conventional” or “conforming” loans intended for resale to those agencies. Among the provisions is a requirement that only lenders may order appraisals, and not mortgage brokers. This hotly disputed [...]

I just “randomly” selected three neighborhoods to find out how sales price per sq ft this year compared to last year. Back Bay condos 4/22/07 – 4/22/08 Price per sq ft – $750.00 Back Bay condos 4/22/08 – 4/22/09 Price per sq ft – $839.00 Brookline condos 4/22/07 – 4/22/08 Price per sq ft – [...]

This is a follow-up story from the Boston Herald, regarding a fight over a real estate internet web site. If you recall, the Boston Herald ran a story about a real estate lawsuit filed at Suffolk Superior Court. Kevin Ahearn, president of Otis & Ahearn filed a claim against CondoDomain.com and the founder of the [...]

I think I’m suffering from writer’s block. Well, that’s what they call in it in the newspaper industry. In the Blog world it’s called………. time to go to the local pub. I’m right now in Harvard Gardens located in Beacon Hill, I just picked up the weekend Wall Street Journal. A song is playing in [...]