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Archive for August, 2006


Why buy when you can rent, instead?

What’s new in Boston?
The availability of apartments in luxury, high-rise buildings.
Just recently opened, or just about to open, are the following:
The Watermark Cambridge, in Kendall Square
The Park Lane Seaport, out on Fish Pier
The Trilogy, in The Fenway
The Archstone Boston Common, in Chinatown
And they’re leasing up fast.
Cambridge’s Watermark has leased 150 out of its 321 apartments [...]

08/27/06 | 2 Comments »



Bubble in trouble? It depends on whom you ask. And, on what day.

Everyone and his uncle thinks he knows what’s going on with the real estate market.
At least half of those people are wrong.
My best guess is that, over the coming year, or years, home prices will fall, as more sellers race after fewer buyers.
At the same time, interest rates will rise, due to concerns over inflation, [...]

08/27/06 | 3 Comments »



Mortgage rates rise, but buying a home still a wise decision, for most people

Although buying a house or condo seems risky right now, to some people, it still makes sense, for most, at least according to this reporter from The Washington Post:
It’s easy to get caught up in the upward scooting of mortgage interest rates. But take the northward movement with a grain of salt.
Some people act like [...]

08/27/06 | 1 Comment »



Weekly Boston Real Estate Sales and Listings Update, August 27, 2006

The following information is from the local MLS database, as of August 27, 2006.
Total # of condos for sale in the city of Boston: 2787 (-50)
Average # of days on market: 129 (same)
Median price of all condos for sale in the city of Boston: $379,000 (same)
Average price of all condos for sale in the [...]

08/26/06 | Leave a comment »



The Modern - Urban Loftsyle Living in the South End

The Modern. Loft living in the South End. Dennis Duffy designed common areas, kitchens, and baths. Garage Parking. Elevator. Private terraces. Zen roof deck with kitchen & artist workspace. Sleek and flexible living spaces due for occupancy Summer 2007. One & two bedroom and loft spaces available.
Dwell Well.
More: The Modern (developer’s [...]

08/26/06 | Leave a comment »



Columbus Center developer needs public financing

Columbus Center is a massive mixed-use development going up between the South End and Back Bay, over the Massachusetts Turnpike.
I’m a big fan of the project, as is.
However, word is, the banks behind the development are saying that they need the state to kick in some money, in order to make the financing work.
I’m not [...]

08/25/06 | Leave a comment »



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Recent comments

  • Bradley, Beacon Hill Condo Developer: My prediction: With O & H at the helm, they’ll be sold by March…. May at the latest. I would conservatively guess at least...
  • Jen, Did you refinance your Mortgage?: I refinanced my mortgage last month. It was a 30 yr fixed to another 30 yr fixed at a lower rate. The process took a little less than 3...
  • John Ford, Economist made a mistake?: Confused, how does that syaing go “to err is human to forgive devine.”
  • confused, Economist made a mistake?: Gee, you think he’ll give the money back to all the people who bought his book…or better yet all who bought at the top who...
  • john Ford, Did you refinance your Mortgage?: Mark, thanks for your insights. Keep me posted if you see any trends in the mortgage market place.
  • Mark, Did you refinance your Mortgage?: Hi JohnF, I am a mortgage broker in Stoneham and I can say that most lenders are backed up big time! Some of the lenders that I work with...
  • BS, Back Bay Parking : My place wants between $40k-$45K in covered attached sub-garage. At 30K I would do it just to add value to the apt on resale.
  • Hrmm!, Back Bay Parking : not that much when you realize a resident sticker costs you nothing but a short walk for your fat ass.
  • JFord, Boston condo listing: I can’t say either way. Please note, it wasn’t me that said it was the largest in the city it was the listing broker.
  • Anon, Boston condo listing: 15×30 is a nicely sized roof deck, but it is hardly the largest in Boston.




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