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Archive for the 'Massachusetts real estate' category

Is the housing recovery weaker than it appears?

In Massachusetts, you might think the housing recovery is now beyond the recovery stage and in the midst of a full-blown boom, at least in some areas. But wait: Foreclosure petitions spiked in March in Massachusetts, while nationally officials are getting nervous about the housing-market recovery elsewhere. The Warren Group’s Tim Warren cautions that other [...]

East Boston leads state in first-quarter housing market performance

The BBJ has excellent rankings of how the housing markets performed in the first quarter in towns and neighborhoods in Massachusetts. At the very top of the list is East Boston, where prices have soared by 15.6 percent over the past year. The No. 2 spot went to the town of Sharon, which was recently [...]

Finally, more homes and condos are coming to market in Massachusetts

UPDATE — The Warren Group is reporting the same approximate trends: sales down, prices up, the Pope is Catholic, etc. … Now back to the original post. … The Massachusetts Association of Realtors reports today that home sales were down again last month while prices continued to spike, but there was some good news for [...]

Realtors express ‘caution but optimism’ about housing market

From the Fed’s latest Beige Book report, with our bold emphasis added: Realtors in the First District express caution but optimism about the mixed sales results that continued in the region in February. Year-over-year sales of single family homes decreased in Rhode Island, Massachusetts, and Connecticut, and increased in Maine and Vermont. (Contacts in New [...]

Yes, we’re in a housing market ‘bubble’ in Boston

It’s probably official now: So-called “escalation clauses” are back in the Boston area, last seen here about 10 years ago during the run-up to the previous peak prices around 2005. What are “escalation clauses”? They’re a little-used negotiating tactic deployed as a sort of last resort during multiple-bid situations, i.e. in a hot housing market [...]

The haves and have-not towns in Massachusetts

The Globe had an real-estate story yesterday pointing out the differences between the core Boston metropolitan area’s housing market vs. places outside Route 128. The core area is incredibly hot, exacerbated by extremely tight inventories of homes for sale. It’s so tight, that 30 communities now have median home prices sometimes well above their pre-recession [...]

‘What went wrong in Quincy’

The BBJ has a blow-by-blow account of how the huge redevelopment of Quincy Center came about — and how it unraveled. It’s probably the biggest private-public partnership boondoggle in a while. File: Get out the popcorn

Those inventory blues …

The Warren Group is confirming the continued fall in single-family home sales last month — with the main culprit being inventory and lack thereof. “This modest drop in sales was caused by the same lack of inventory that has plagued the market for months,” said Timothy M. Warren Jr., CEO of The Warren Group. “These [...]

February’s Mass. housing numbers: Single-family sales down, prices up

From the Massachusetts Association of Realtors: WALTHAM, Mass. – March 25, 2014 – The Massachusetts Association of REALTORS® (MAR) reported today that while home prices continued to increase in February, closed sales were down from the same time last year. Condominium sales and prices were both up in February. “Even with the continued increase in [...]

Millions of renters want to buy but …

Renters want to buy homes this year — and that sounds like good news for the housing market here and elsewhere. But a Zillow survey says renters probably won’t buy homes this year because of low inventory, soaring prices and strict lending rules — and so it sounds like more of the same for the [...]

Let's talk Boston real estate. The most recent real estate comments

  • Tyler Mills, Lenders go into overdrive to clear out backlog of delinquent mortgages: Instead of forcing out the...
  • warren currier, ‘Boston’s faux housing boom’: Scott, Do you own any units in Boston? Supply /...
  • Nishant, Major Developers: Affordable homes can only be built outside downtown Boston: Yes, this is correct that...
  • warren currier, Done deal: Dr. Dre buys Tom and Gisele’s mansion for $40M: The property is located in LosAngeles,...
  • JS, Despite predictions, inventory of homes for sale continues to fall in Mass.: One thing that could be holding...
  • dcmhomebuyers, For 74 Beacon Street, it was the kitchen, stupid: Nice house. I think front section to location of...
  • Johnd478, Five signs you’re a ‘renter for life’: I just couldnt depart your site prior to...
  • Dionis Padron, Downtown condo prices now averaging near $1 million each: great article but prices for standalone...
  • John Ford, Charles Ponzi’s old Lexington home for sale at $3.3M: That’s a great idea. Anyone have an idea how...
  • Rich, Charles Ponzi’s old Lexington home for sale at $3.3M: Speaking of Mr. Ponzi, he ran his Ponzi scheme out of an...
  • amparo bracero, Big changes in store for Tremont Street?: I will love to comunicated my self with aida I was one of...
  • warren currier, Low mortgage rates may partly explain low inventory: The banks are making it very hard to get a loan....
  • Kiki, ‘Our biggest impediment’: Inventory: A quick maybe unrelated question. What’s a typical or...
  • JS, Hey, let’s tear down most of downtown Boston for the Olympics: I agree, and I resent the commission describing us...
  • PROPERTY MANAGEMENT COMPANIES in Carlsbad CA, ‘Our biggest impediment’: Inventory: good blog
  • Phoenix property management, Blog: As you may have noticed I am having problems with the comment section of the blog....
  • Phoenix property management, Get your very own ‘mushroom house’: Good post. i like it so much.
  • Phoenix property management, Get your very own ‘mushroom house’: Good post. I like it
  • PROPERTY MANAGEMENT COMPANIES in Carlsbad CA, California dreamin’ on such a winter’s day …: Good post...
  • Borris C., ‘Friendly competition’ keeps Seaport rents as high as possible: Sounds like good old-fashioned collusion...

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