They’re not going to be selling this Lynnfield home anytime soon: From the outside, it is a fairly nondescript single-family house, two stories of fading red siding on a busy street, with a lawn that could use a little love. But inside, police responding to a medical emergency found a horrifying secret, one of the [...]
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Archive for the 'Massachusetts real estate' category
Here’s a slide show of towns with the most and least number of homes under water, or when mortgages are higher than the current home values. Not too many surprises in the “least” category (Wellesley has the lowest under water homes at 2.4 percent). In the “worst” category, the top one is also not too [...]
Forget about last night’s Oscar awards. Of far more practical interest are the award rankings for the best towns for housing deals in Massachusetts, not to be confused with the best usual-suspect towns for housing appreciation and bragging rights (Newton, Brookline, Cambridge etc.) So we’ll call this category the “best supporting actor for housing.” And [...]
Home prices in 22 of 156 Massachusetts towns and cities are either at or exceed their old pre-crash peaks. They include many of the usual suspects: Cambridge, Brookline, Newton, Wellesley, Cohasset, Concord, Lincoln, Lexington and Boston, among others There are a few minor surprises, such as Somerville and Winchester, though they’re not that big of [...]
Despite a slackening of the market in the last few months of 2013, home and condo sales were red hot in January, with prices spiking to pre-recession levels in some cases. According to the Warren Group, single-family home sales in Massachusetts increased by 5 percent in January, the best January sales numbers since 2007. Prices [...]
Inventory, inventory, inventory. Or lack thereof. That’s the ‘biggest impediment’ to to the local housing market, experts say. And, oh, truly crappy weather is an impediment too, though this weekend isn’t going to be bad, or so say the alleged weather experts. File under: No kidding.
The developer of the $1.6 billion Quincy Center redevelopment project, which has stalled amid financial uncertainties, has been issued an ultimatum by the city: Build or the development agreement is terminated. Or so says the city. The reality, though, is that Quincy is now in a fine pickle. What does the city expect? The developer [...]
The Herald has a piece on how Somerville’s Magoun Square is slowly taking off, thanks to the recently opened Maxwell’s Green apartment complex and the anticipated arrival of a new Green Line stop. And it’s only a stone’s throw away from where Howie Winter and Whitey Bulger had their cute little auto shop that they [...]
Sales of single-family homes may have been flat in Massachusetts in December. But condo sales soared by 15.29 percent last month, according to the Warren Group. Prices for both single-family (up 3.7 percent) and condo units (7.3 percent) continued their rise as well in December, though not by the sharp upward spikes as seen in [...]
Here’s a piece that suggests that home prices across the country, which spiked last year, may be topping out. Our reaction: We’ll believe it when we see it, at least in Massachusetts. As we noted a few days ago, prices increases may slow, but that doesn’t mean they’ll hit some sort of magical peak and [...]