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Archive for June, 2008


Housing market looks up

From Inman News:
KB Home: Orders up, cancellations down
In a regulatory filing, KB Homes reported that new-home orders nearly tripled from the first quarter to the second, to 4,200, while the cancellation rate fell to 27 percent, down from 53 percent in the first quarter.
Schwarzenegger sees California recovery in 2009
California Gov. Arnold Schwarzenegger said Sunday that [...]



Why are home prices falling (someplaces)?

Why do home prices fall slowly, in a down market?
Karl “Chip” Case gives his opinion, in a paper released recently.

Bob Shiller and I have surveyed homebuyers for nearly two decades, and consistent evidence of this stickiness is found in the responses to survey questions. Buyers who sold properties prior to [...]



Economy looks in distress

What a mess.
This week, Lou Barnes covers the two sides of the argument over US interest rates and inflation, US and world.
1930s-style collapse haunts economy
Commentary: Why near-term rate increases are unlikely
By Lou Barnes, Inman News

Mortgages are sticky near 6.5 percent, Treasurys getting most of the flight-to-quality benefit from the stock market dive.
Economic data this week [...]



Sorry, NC

Massachusetts is once again the top tech-savvy state in the nation beating out California, Texas, and New York. The Milken Institute’s 2008 State Technology and Science Index looked at five major areas before compiling the list below, which included the state’s ability to attract funding, skilled tech workers, and new businesses. Here is the list [...]



South Boston’s future looks bright

The Herald’s Peter Gelzinis gives a big “thumbs up” to the new apartment project currently under construction in South Boston, at the corners of A Street and West Broadway. Soon, hundreds of Bostonians will be living in brand new homes, bringing a sense of vitality and vibrancy to an otherwise moribund area.
Oh, wait, he [...]



Seaport District: no housing to speak of

The Globe profiles the Seaport District. Or, where the “Seaport District” may someday rise. Plans are for several new mega-billion, multi-use projects to fill the space.
In the meantime, the vast, windblown streets are often lonesome between destinations, making the waterfront feel like an amalgam of disparate elements - convention center, hotel bars, a [...]





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