Condo sales defied common expectations, as prices increased during the first quarter, 2005.
(Number of sales increased, as well, from 304 units to 366 units - the South End had 155 sales, 2004, 148 sales, 2005; Back Bay had 94 sales, 2004, 158 sales, 2005; Beacon Hill had 55 sales, 2004, 60 sales, 2005.  Most of […]

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From the Massachusetts Association of Realtors
Single family homes:

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AHHHHH!!!! (part 2)
By Glenn Somerville, Reuters
US Federal Reserve policy-makers noted "a discernible upcreep" in measures of inflation recently, raising worry that risks from accelerating prices were growing, minutes from their May 3 meeting showed.
"Core measures of price inflation had moved up over recent quarters and particularly so over the last few months," said the minutes […]

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AHHHHH!!!!!!

Boston Business Journal
A 10.4 percent drop in the number of single-family homes sold in April could be the first sign of moderation in the hot Massachusetts real estate market.
While home sales dropped year over year, the median sale price was up 5.9 percent for the same period.
Last month 3,658 single-family homes were sold, with a […]

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The best place to live in Boston is in Dorchester
If you are a first-time homebuyer, the best place to live is in Dorchester.  It has a great quality of life, it’s convenient to public transportation and major highways, it’s close to downtown, and, most importantly, housing prices are low.
Right now, there are 78 condos for […]

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154 Attorney Street, New York, NY
The above is a wonderful building currently under construction on the lower East Side of Manhattan.  Here are the details, via Curbed, in turn via Prudential Douglas Elliman’s Rob Gross, who’s handling the marketing (I edited the original comments):
32 Unit Condo building with an attendant
Designed by Kutnicki/Bernstein Architects
Beautiful finishes and […]

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The Boston Globe has an article in this Sunday’s business section about why long-term interest rates have stayed low for so long.  The article is written by Charles Stein.
His theories on why long-term interest rates have stayed low:
1) Influx of foreign money.  Most importantly: The Chinese government keeps buying US government bonds.  As long as […]

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In this week’s Boston Homes, there is a story about Lincoln Plaza a development under construction in the Financial District.  The developer is Cresset Development, LLC.
Buried in the story is the interesting bit of news that Cresset is also going to be putting up 86 units in the South End.  You can learn more at […]

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