A lot of people greet press releases published by the National Association of Realtors with a good dose of skepticism.
Which they should! We’ve all seen their rosy forecasts, month after month. Often, it seems as though they have no grasp on reality.
I mostly agree - their forecasts seem to be off, and they [...]

Interesting concept.
If you already own and are thinking of trading up, a bad real estate market is good for you.
At least that’s what agent Rona Fischman thinks.
Suppose you own a condo that is worth $400,000 today, and want to buy a house that is worth $650,000 (spending $250,000 more.) Suppose, both markets were depressed equally [...]

Looks as though they’re trying to stimulate sales over at the D4 condo project, in the South End.
At least three units have had price resets over the past couple of days - one unit dropped over $100,000.
MLSPIN shows twelve units having closed, already, for prices between $650,000 and $1.6 million. Almost all of them [...]

It seems as though they’re making good progress in putting units under agreement, up at the Ocean Club development, on Revere Beach.
Pre-sales started last summer, 2006. The sales office is putting 4-6 units under agreement, each month. Impressive. Especially since the units are priced in the $500-$700 per square foot range!
Ocean Club [...]

There’s a Globe editorial out today criticizing subprime lenders (you know, the guys who did the unthinkable - allowing Americans to buy their own homes!).
Mortgage originators who specialize in subprime loans are the buffalo hunters of the financial services industry. They aren’t queasy about tactics, and they rarely seem concerned about the havoc they leave [...]

About a dozen a people a day visit my site after searching on “HarborView auctions” or similar terms.
To clarify, the auction to be held November 11 is for the entire building, not for individual units.
Do not show up expecting to buy yourself a new home.
Unless you’re in the market for an apartment building.