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Archive for December, 2007


A heartwarming(*) Christmas story

This is a two-part entry.
Part One, courtesy of the Globe:
Still home for Christmas - By Donovan Slack, The Boston Globe
When dawn broke Christmas morning, Kendra Jackson smiled as she watched her 11-year-old daughter tear shiny, red wrapping paper from a gift. Then she began to cry.
“I’m so blessed,” she said.
It was the first Christmas in [...]

12/26/07 | 1 Comment »



Colleges build new dormitories; neighbors cry foul

Here’s a (partial) list of new college dormitories currently under construction or in the planning phase, for downtown Boston. Currently, 2,500 dorm rooms are under construction, with another 1,200 in the pipeline, according to Banker & Tradesman.
Boston University, Student Village (phase II): 960 beds
Suffolk University, Modern Theater build-out: 200 beds
Suffolk University, Ten West Street [...]

12/26/07 | Leave a comment »



Weekly Boston Real Estate Condo Market Report, 12-24-2007

This week’s Boston Real Estate Condo Market Reports are now available, here.
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 [...]

12/26/07 | Leave a comment »



State’s lending program helps absolutely no one, five months after unveiling

Whoops, I mean, State’s lending program helps absolutely no one one person, five months after unveiling …
From the Globe:
A state effort to refinance subprime borrowers before they fall behind on mortgage payments has helped its first borrower.
Surely you remember the program. It was unveiled with great fanfare, back in July.
The purpose of [...]

12/26/07 | 1 Comment »



Weekly Boston Real Estate Sales and Listings Update, December 25, 2007

The following information is from the local MLS database, as of December 25, 2007, compared to (December 15, 2007) (December 16, 2006 - where available).
Total # of condos for sale in the city of Boston: 2,039 (2,164) (2,189)
Average # of days on market: 151 (141) (146)
Number of condos sold (closed) over past 30 days: 272 [...]

12/25/07 | Leave a comment »



The biggest fear of all in subprime lending crisis

Once again, Holden Lewis says in a few words what it would take me many (is that why people go to journalism school?). (He’s actually quoting the writer of the Calculated Risk blog …)
“One of the greatest fears for lenders (and investors in mortgage backed securities) is that it will become socially acceptable for [...]

12/24/07 | 1 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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