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Archive for May, 2005


High-end condos at midrange prices: New crop of development mixes style with economy

By Paul Restuccia, Boston Herald
Kerry Durgin wanted a nicer place than her starter South Boston condo, but didn’t think she could afford high-end amenities and detailing while staying in the city.  She was wrong.
    
Durgin recently found a new place that fit the bill.  For a relatively inexpensive $390,000, she bought a two-bedroom South [...]



Dorchester home prices are not going down

Back on April 19th, the Boston Herald had a story about the state of the Boston real estate market.  Basically, it said that the number Beacon Hill sales had fallen precipitously, and that prices in Dorchester and Roxbury had fallen.  (The story is in their archives, here.)
Here’s a direct quote from the story:
If you’re wondering [...]



Most recent Boston condo sales and supply figures

I have updated my website with the latest market reports. This data shows the number of condos on the market, today, by neighborhood, and compares this to the total number sold over the previous twelve months. From this, you can get an idea of whether there is a glut or a shortage of [...]



The lure of luxury leads to Boylston St; Many await Mandarin Oriental condos

By Kimberly Blanton, Globe Staff
It is not yet built, will have no ocean view, and it will sit across from a Trader Joe’s and a Hollywood Video. But Boston’s rich and famous can’t wait to move in.
Maids will turn off the vacuum cleaner when penthouse owners walks by. Residents will be able to order [...]



Interest-Only Loans Not Good Choice for All

Peter Coy, Business Week (by way of National Association of Realtors)
(May 18, 2005) –   Interest-only loans have risen from 1.5 percent of all mortgages in 2001 to 31 percent as of last year, according to LoanPerformance, a real estate information firm based in San Francisco.
The growth of interest-only loans is a concern because the [...]



Amrhein’s last call?

Great news.  Amrhein’s will not be closing (although I wouldn’t take this as the final word on the subject).  It will re-open, but not as a "family restaurant" as it has been advertised, but more up-scale.  That’s because the South Boston neighborhood it’s in has changed so much, over the past couple of years.
Interesting factoid [...]




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