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housing prices

By adamg - 3/24/08 - 2:08 pm

This chart (detailed here), would probably be good news for home buyers, if only they could get new mortgages - or sell their current homes.

By adamg - 3/9/08 - 2:36 pm
Foreclosing costs
Owners aren't the only ones caught in the mortgage crisis. Renters, like this East Boston family of immigrants, are feeling the fallout, too.
New benchmark for luxury living
Mandarin Oriental's posh rentals are likely to fill quickly, even in slump.
By adamg - 3/8/08 - 9:53 pm

Outside of the Red Line corridor, the prices of Dorchester housing units - especially multi-family properties - are crashing, the Dorchester Reporter reports. The mortgage crisis may not be the only reason:

... A less examined reason for the sinking market could be a decrease in fraud brought about by increased media and governmental focus on the sub-prime lending crisis. Several properties previously detailed in the Reporter appear to have been sold under curious circumstances. ...

By adamg - 3/3/08 - 9:56 am

Apparently, you might want to bring a tape measure when you check out Brookline condos (scroll down the page a bit).

By adamg - 2/26/08 - 7:47 am

The Boston Condo Guy reports:

... We talk with a growing number of Europeans each week who are interested in buying Boston investment property, or a Boston vacation home in one of America’s most historic cities. Europeans recognize that downtown Boston real estate will always hold its value, and the best time to "get in" is when their currency allows them to do so at a discount.

By adamg - 2/8/08 - 9:52 am

Cosmo Catalano surveys the current offerings around Louisburg Square.

By adamg - 2/5/08 - 9:21 pm

On myDedham, Brian compares the sale prices of the first 13 houses sold in town this year with the values listed in town assessing records. Even taking out the outliers, the average is 18% less than assessed values.

By adamg - 1/28/08 - 1:06 pm

Aaron Weber adds real estate to the list of things he can't expect the Globe to cover well, after reading a piece in the Sunday real-estate section about foreclosures in the two cities, which is accompanied by a large map that shows the problem is far, far worse in another city:

... In Lawrence, the foreclosure rate is nearly double that of even the most hard-hit areas in the Route 2 West corridor. You want to write about a housing crisis, and you ignore Lawrence? Is that more of a Herald town or something? ...

He also uses the Globe's own stats to ponder why the story didn't examine the possibility that the relatively high foreclosure rates in northern Worcester were due to fraud rather than a financial crisis.

By adamg - 1/24/08 - 5:12 pm

Redfin, an online real-estate venture, this week fired up Redfin Sweet Digs Boston, a group effort by four "real estate addicts," to cover the local real-estate market (really, can I not come up with another phrase to describe "real estate"?).

Compare to the Boston Condo and Luxury Real Estate Blog, Brookline Connection, and, of course, the granddaddy of them all, John Keith's Boston Real Estate Blog (other local real-estate blogs I'm missing?).

By adamg - 1/23/08 - 1:36 pm

Amy Derjue poses the question after reading a report on a 600% (!) increase in Massachusetts since 2005 and then following that up with a BostonNow report that the Massachusetts economy is doing just fine.

By adamg - 1/3/08 - 10:59 am

The Boston Condo Guy reports on new prices at the Claflin Building Residences at Twenty Beacon, a four-unit condo development on Beacon Hill (hmm, do they have a shuttle to the Mall at Chestnut Hill?). After being on the market for several months last year, none of the $2-million+ units sold. Now three of of the four units are back on the market with reduced prices. But the penthouse, despite going unsold last year at $4.4 million, is back on the market at a higher price.

By adamg - 11/8/07 - 1:36 pm

Shirley Kressel discusses competing property-relief bills now in the Legislature from Deval Patrick and Tom Menino.

By adamg - 11/2/07 - 8:37 am

Boston Condo Guy reports that $15-million condo in the Back Bay has been taken off the market after 200 days without a sale. Instead, it's been re-split into two units, one of which is now available for a mere $7 million.

By adamg - 10/18/07 - 7:10 pm

Chris Lovett ponders some recent prices for three-decker condos that would have been outrageous two years ago, never mind in today's less heated market - and why it may not be a good thing for the neighborhood.

By adamg - 9/17/07 - 8:59 am

Harold M. Clemens writes; says Hispanics seem to own all the apartments in the 'hood these days:

... lord knows I'm tired of grinnin', cracking fake smiles, and putting on an affected accent just to find a place to rest for the next few months. I'm even more tired of being second guessed. one palito bitch asked me, "You make $40k?!" in visible shock after reading my rental app. Beeeyyooottchh!! as if $40k is some kinda money! I got peoples who probably blow that on weed, alcohol, and food in a year. ...

By adamg - 9/11/07 - 2:48 pm

John Keith reports that the median asking price for condos currently on the market in 02116 is $1 million:

... It makes you wonder - should you continue to call $1 million condos "luxury" when they pretty much refer to the standard "typical" Back Bay home? ...

By adamg - 8/21/07 - 9:00 am

From this to this.

By adamg - 8/3/07 - 1:50 pm

Rep. Martin Walsh, a Dorchester Democrat, is co-sponsoring a bill that would end rent-control provisions for occupants of mobile-home parks - a move that could affect residents of Boston's only trailer park.

Although voters statewide voted to eliminate rent control in 1994, the measure exempted trailer-park residents, such as the people who live at the Boston Trailer Park off VFW Parkway in West Roxbury.

Walsh's bill would eliminate the exemption - giving poor residents up to a year to adjust before becoming subject to market rates.

By adamg - 7/30/07 - 1:37 pm

Boston Condo Guy provides an overview of a $15 million unit in Trinity Place at 1 Huntington Ave. The unit actually consists of two previously separate condos that were smushed into one giant unit with 8,500 square feet, eight bedrooms, eight bathrooms and four entire parking spaces - they were consolidated by some guy who spent a bit under $8 million for them back in 2000.

Oh, but wait: You'll also have to pay $10,000 in monthly maintenance fees.

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