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Wait a minute!!! He wrote this, FIVE YEARS ago!

“What you are seeing are signs of a market peak at the high end,” said Robert Shiller, an economics professor at Yale University. “First there’s a rise in inventory, and then prices fall.”

If you had taken his advice in June, 2003, you would have missed out on one of the greatest wealth-creation periods in this nation’s history.

In fact, Mr Shiller (Dr?) was right only one year (so far) out of ten in his predictions for lower home prices.

A meteorologist does better than that.

A seismologist does better than that.

A major league baseball player does better than that. (Most of them, at least.)

Why do people trust him more? Because he was finally right???

People have preconceived notions, then fit the facts to what they believe.

We’re all the same that way, right?

(Sorry for this post, I had to be a Realtor for a minute.)

More: For Luxury Properties, It’s A Buyer’s Market - By Thomas Grillo, The Boston Globe

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Old news to some, no doubt.

The newest, and fifth Finale Brasserie restaurant, will be located at Salem and Cross streets, on a portion of the former Martignetti’s liquor store site. Facing the Rose Kennedy Greenway, it will occupy 2,400 square feet and employ 35 to 40 people. The company expects to spend about $500,000 to outfit the new location.

More: Finale Desserterie debuts new HQ - Boston Business Journal

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“What you are seeing are signs of a market peak at the high end,” said Robert Shiller, an economics professor at Yale University. “First there’s a rise in inventory, and then prices fall.”

No prediction on how far prices will fall from this widely respected economist, professor, and writer.

This I know for sure, you should listen to what this guy says. He’s saying that prices will fall. Implied in that, don’t buy.

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Or, so says Scott Van Voorhis, in a column out today.

These are tougher times in the real estate market, even for the super-wealthy.

And sellers of luxury homes are having to bargain in order to cut a deal.

The Herald scribe then talks about John Meola, a dentist in Weston, who had to cut the price of his home from $18 million to $10.9 million in order to find a buyer.

This is at least the third story Mr Van Voorhis has done about this guy, in just two years!!

I think it’s really bizarre! Are you looking for a deal on your next gold cap, Scott?

More: Toney town’s mansion sales tank - By Scott Van Voorhis, The Boston Herald

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This week’s Boston Real Estate Condo Market Reports are now available.

The market reports provide readers with detailed information on the state of the Boston real estate market.

The reports include data on inventory, recent sales, and price per square foot of condos for sale and recently closed.

In addition to a summary report of sales across the city, the reports include detailed listings and sales information for 11 of the most popular neighborhoods in Boston, broken down by ZIP code.

The available reports include detailed data for the following ZIP Codes:

02108 - Beacon Hill
02109 - Financial District / Waterfront
02110 - Financial District / Waterfront
02111 - Chinatown / Leather District
02113 - North End
02114 - Beacon Hill
02115 - Back Bay
02116 - Back Bay / South End
02118 - South End / Lower Roxbury
02210 - Seaport District / South Boston Waterfront
02215 - Back Bay / The Fenway

You may always access the most recent reports by following the link on the menu at the top of each of my blog’s pages.

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Walking home from a doctor’s appointment today (good news, no rabies!), I came across a crime scene. Turns out that the Hingham Savings Bank at the corner of Tremont and Hanson streets had been held up. A friendly police officer told that the “perp” was in custody.

(Click on the photo for a good laugh …)

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So, they want to extend the MBTA Green Line into Somerville and Medford. (Can we just finish Kenmore Square, first, for pete’s sake?)

I love the idea, as I am a fan of public transportation in general.

Many others love the idea, as well (including a couple of real estate agents I know, who are already advertising their listings with “Coming soon, new Green Line station in Teele Square!”, which is a bit premature, don’t you think?).

Some people, of course, are not so pleased.

While some others are not so pleased that others are not so pleased.

From the Globe:

Medford representatives and residents, meanwhile, were upset about the location of a station platform near Tufts University, which they said favored the school at the expense of residents who oppose the project and don’t want a station in their neighborhood.

I love that. LOVE IT!

“We don’t want the extension to go through our neighborhood, and now you’re punishing us … BY NOT PUTTING THE EXTENSION THROUGH OUR NEIGHBORHOOD!”

Source: A host of gripes greets Green Line plans - By Eric Moskowitz, The Boston Globe

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Buyers, how I can help you

Sellers, how I can help you

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