|
|
Archive for the 'mortgage loans' category
The new Consumer Financial Protection Bureau’s director is vowing a crack down on permissive lending practices. Two immediate thoughts: 1.) “Oh, no. Here come the bureaucrats.” 2.) “Just what we said was needed.” Handled right, the new rules are probably necessary, considering we got into the financial crisis largely due to absurd and shabby lending [...]
01/14/13 |
Leave a comment »
It seems more and more people are using the low-interest-rate environment to take out or switch to 15-year mortgages, allowing people to pay off their houses earlier and to build up equity faster. The trend is the opposite of what normally happens when interest rates fall. Though there are great arguments on both sides about [...]
07/26/12 |
Leave a comment »
That mortgage loan prices are at historic lows is widely known (my email’s spam folder is full of reminders). What’s not as clear is why are rates so low and, more importantly, will they continue to stay low. The Wall Street Journal has a fine article out today, Reasons Why Mortgage Rates Are Staying Low, [...]
06/18/12 |
Leave a comment »
The FHA is thinking of relaxing its rules regarding condo owners whose units qualify for low-downpayment mortgages. This could be a big deal for a lot of people, allowing more units to be sold and purchased through FDA-backed loans. File under: Every little bit helps
05/21/12 |
Leave a comment »
Good morning, I hope all is well. Please let me know if you have any questions, brian.cavanaugh@rmsmortgage.com 617-771-5021 Overall, look for Tuesday or Friday to be the most important day of the week due to the importance of those day’s reports and the FOMC meeting. Tomorrow will likely be the least active day for mortgage [...]
03/12/12 |
Leave a comment »
So you’ve probably heard about the big mortgage-settlement announcement last week. You know, the latest attempt to unclog the mortgage finance system, perhaps the latest futile attempt to unclog the mortgage finance system? OK, now guess how much of the $25 billion will go to actual victims. Go ahead, guess. If you cynically said “only [...]
02/13/12 |
Leave a comment »
The NYT’s Gretchen Morgenson sounds a tad bit skeptical about President Obama’s call last week to convene a new task force to investigate last decades’s mortgage-market debacle, including Wall Street’s bundling of “crap” mortgages into massive securities. After all, it’s now four years since Bear Stearns went belly up. The SEC and Justice Department have [...]
01/30/12 |
Leave a comment »
This is potentially big: Fannie Mae and Freddie Mac may allow people mortgage forbearances (i.e. skip payments) if they can prove unemployment interfered with their ability to pay their mortgages. This will undoubtedly help people who are jobless and financially struggling. There’s no question about it. But here’s the question: What does it do to [...]
01/22/12 |
Leave a comment »
Some libertarians — and supporters of Ron Paul — think home “ownership” as currently defined and structured is basically a fraud. We’ll let you read the above link and decide for yourself. But even one of the libertarian proponents of a revamped mortgage-loan industry concedes: “Of course, all of this would mean effectively returning to [...]
01/20/12 |
3 Comments »
Bank of America has organized a good-intentioned event: It plans to meet in Boston with mortgage holders, face to face, in person, to go over how mortgage-payment pressures can be eased. “The purpose of this event is to eliminate the faxes, the FedEx mailings and the phone calls to 800 numbers and allow for face-to-face [...]
12/12/11 |
2 Comments »
|
|
BOSTON REAL ESTATE AGENTS:
Boston real estate agents needed for our two Boston locations.
Inquiries contact John Ford @ realtyford@yahoo.com
-------------------------------
Boston condo sales for June 2012 - 643.
Number of Boston condos sold: 643
Average sales price for a Boston condo: $585,113
Median sales price of a Boston condo: $445,000
Average square foor price: $510.00
Average days on the market: 67
Boston Real Estate / Boston Condos
Click on the links below for Boston condo neighborhood sales listings
Boston Back Bay Condos
Beacon Hill Condos
Boston Charlestown Condos
Fenway Boston Condos
Boston South End Condos
----------
Back Bay Condos Sales Stats 2012
Boston Back Bay Condos 1st and 2nd Quarters 2012
Back Bay condo sales in the 1st Quarter of 2012 - 80
Back Bay condo sales in the 1st Quarter of 2011 - 82
Back Bay average condo sales price in the 1st Q of 2012 - $1,261,255
Back Bay average condo sales price in the 1st Q of 2011 - $1,306,435
Back Bay median condo sales price in the 1st Q of 2012 - $789,750
Back Bay median condo sales price in the 1st Q of 2011 - $828,895
Back Bay condo 1st Q 2012 sales price per square foot - $804
Back Bay condo 1st Q 2011 sales price per square foot - $809
Back Bay condos days on market 1st Q 2012 - 142
Back Bay condos days on market 1st Q 2011 - 133
Back Bay condo sales in the 2nd Quarter of 2012 - 170
Back Bay condo sales in the 2nd Quarter of 2011 - 118
Back Bay average condo sales price in the 2nd Q of 2012 - $1,100,149
Back Bay average condo sales price in the 2nd Q of 2011 - $1,329,678
Back Bay median condo sales price in the 2nd Q of 2012 - $761,000
Back Bay median condo sales price in the 2nd Q of 2011 - $840,000
Back Bay condo 2nd Q 2012 sales price per square foot - $787
Back Bay condo 2nd Q 2011 sales price per square foot - $823
Back Bay condos days on market 2nd Q 2012 - 80
Back Bay condos days on market 2nd Q 2011 - 133
------------
Beacon Hill Condos Sales Stats 2012
Boston Beacon Hill Condos 1st and 2nd Quarters 2012
Beacon Hill condo sales in the 1st Quarter of 2012 - 35
Beacon Hill condo sales in the 1st Quarter of 2011 - 25
Beacon Hill average condo sales price in the 1st Q of 2012 - $808,840
Beacon Hill average condo sales price in the 1st Q of 2011 - $852,720
Beacon Hill median condo sales price in the 1st Q of 2012 - $549,000
Beacon Hill median condo sales price in the 1st Q of 2011 - $542,250
Beacon Hill condo 1st Q 2012 sales price per square foot - $747
Beacon Hill condo 1st Q 2011 sales price per square foot - $675
Beacon Hill condos days on market 1st Q 2012 - 108
Beacon Hill condos days on market 1st Q 2011 - 198
Beacon Hill condo sales in the 2nd Quarter of 2012 - 65
Beacon Hill condo sales in the 2nd Quarter of 2011 - 69
Beacon Hill average condo sales price in the 2nd Q of 2012 - $677,684
Beacon Hill average condo sales price in the 2nd Q of 2011 - $661,045
Beacon Hill median condo sales price in the 2nd Q of 2012 - $516,250
Beacon Hill median condo sales price in the 2nd Q of 2011 - $511,750
Beacon Hill condo 2nd Q 2012 sales price per square foot - $743
Beacon Hill condo 2nd Q 2011 sales price per square foot - $686
Beacon Hill condos days on market 2nd Q 2012 - 67
Beacon Hill condos days on market 2nd Q 2011 - 80
-----------
Brighton Condos Sales Stats 2012
Brighton Condos 1st and 2nd Quarters 2012
Brighton condo sales in the 1st Quarter of 2012 - 41
Brighton condo sales in the 1st Quarter of 2011 - 47
Brighton average condo sales price in the 1st Q of 2012 - $254,685
Brighton average condo sales price in the 1st Q of 2011 - $254,324
Brighton median condo sales price in the 1st Q of 2012 - $237,000
Brighton median condo sales price in the 1st Q of 2011 - $250,000
Brighton condo 1st Q 2012 sales price per square foot - $316
Brighton condo 1st Q 2011 sales price per square foot - $297
Brighton condos days on market 1st Q 2012 - 28
Brighton condos days on market 1st Q 2011 - 84
Brighton condo sales in the 2nd Quarter of 2012 - 91
Brighton condo sales in the 2nd Quarter of 2011 - 73
Brighton average condo sales price in the 2nd Q of 2012 - $268,434
Brighton average condo sales price in the 2nd Q of 2011 - $255,140
Brighton median condo sales price in the 2nd Q of 2012 - $255,500
Brighton median condo sales price in the 2nd Q of 2011 - $254,000
Brighton condo 2nd Q 2012 sales price per square foot - $337
Brighton condo 2nd Q 2011 sales price per square foot - $311
Brighton condos days on market 2nd Q 2012 - 59
Brighton condos days on market 2nd Q 2011 - 99
-----------
Charlestown Condos Sales Stats 2012
Charlestown Condos 1st and 2nd Quarters 2012
Charlestown condo sales in the 1st Quarter of 2012 - 43
Charlestown condo sales in the 1st Quarter of 2011 - 47
Charlestown average condo sales price in the 1st Q of 2012 - $491,085
Charlestown average condo sales price in the 1st Q of 2011 - $485,918
Charlestown median condo sales price in the 1st Q of 2012 - $435,000
Charlestown median condo sales price in the 1st Q of 2011 - $467,500
Charlestown condo 1st Q 2012 sales price per square foot - $432
Charlestown condo 1st Q 2011 sales price per square foot - $444
Charlestown condos days on market 1st Q 2012 - 112
Charlestown condos days on market 1st Q 2011 - 125
Charlestown condo sales in the 2nd Quarter of 2012 - 115
Charlestown condo sales in the 2nd Quarter of 2011 - 72
Charlestown average condo sales price in the 2nd Q of 2012 - $474,847
Charlestown average condo sales price in the 2nd Q of 2011 - $423,006
Charlestown median condo sales price in the 2nd Q of 2012 - $452,000
Charlestown median condo sales price in the 2nd Q of 2011 - $408,500
Charlestown condo 2nd Q 2012 sales price per square foot - $438
Charlestown condo 2nd Q 2011 sales price per square foot - $437
Charlestown condos days on market 2nd Q 2012 - 81
Charlestown condos days on market 2nd Q 2011 - 60
-----------
Fenway Condos Sales Stats 2012
Fenway Condos 1st and 2nd Quarters 2012
Fenway condo sales in the 1st Quarter of 2012 - 19
Fenway condo sales in the 1st Quarter of 2011 - 20
Fenway average condo sales price in the 1st Q of 2012 - $404,579
Fenway average condo sales price in the 1st Q of 2011 - $320,828
Fenway median condo sales price in the 1st Q of 2012 - $375,000
Fenway median condo sales price in the 1st Q of 2011 - $291,500
Fenway condo 1st Q 2012 sales price per square foot - $513
Fenway condo 1st Q 2011 sales price per square foot - $436
Fenway condos days on market 1st Q 2012 - 42
Fenway condos days on market 1st Q 2011 - 180
Fenway condo sales in the 2nd Quarter of 2012 - 79
Fenway condo sales in the 2nd Quarter of 2011 - 58
Fenway average condo sales price in the 2nd Q of 2012 - $358,981
Fenway average condo sales price in the 2nd Q of 2011 - $321,013
Fenway median condo sales price in the 2nd Q of 2012 - $360,000
Fenway median condo sales price in the 2nd Q of 2011 - $292,000
Fenway condo 2nd Q 2012 sales price per square foot - $519
Fenway condo 2nd Q 2011 sales price per square foot - $491
Fenway condos days on market 2nd Q 2012 - 86
Fenway condos days on market 2nd Q 2011 - 51
-----------
|
|
|