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Archive for July, 2008
How do you help a homeowner who can’t keep up his or her payments on a home loan?
You find him or her another loan, is what you do.
So that the borrower can default on that loan, too.
At least that’s what pessimists are saying will happen following Congressional approval of the new “housing rescue” bill, which [...]
07/29/08 |
5 Comments »
What’s a townhouse, what’s a rowhouse?
Row house, town house, brownstone - By James McCown, The Boston Globe
It is a question that has vexed real estate brokers and lovers of urban architecture for generations: What’s the difference between a town house, a row house, and a brownstone? Boston native Kevin D. Murphy, whose book ”The American [...]
07/29/08 |
2 Comments »
UPDATE:
I just received an email from the developer. Apparently, B&T was incorrect in what it reported.
Eastat is developing 250,000 sf of office and 174 parking spaces. We are not touching the historic Jacob Wirth building at all and it will be preserved, protected and remain operational. The project you describe was the pervious proposal [...]
07/28/08 |
1 Comment »
SUFFOLK COUNTY
2007 June #Sales: 791
2008 June #Sales: 635
Difference: -19.72%
2007 YTD #Sales: 3450
2008 YTD #Sales: 2535
Difference: -26.52%
2007 June Median Price: $360,000
2008 June Median Price: $381,800
Difference: +6.06%
2007 YTD Median Price: $350,000
2008 YTD Median Price: $365,000
Difference: +4.29%
And, condo sales for Massachusetts as a whole:
2007 June #Sales: 2982
2008 June #Sales: 2288
Difference: -23.27%
2007 YTD #Sales: 13733
2008 YTD #Sales: [...]
07/28/08 |
1 Comment »
Comparison of 2008 to earlier years. Period is from 01/01 - 07/15 for each year.
2008
Total Properties Sold: 337
Avg Days on Market: 98
Average Sales Price: $685,826
Average Final List Price: $705,037
Average Original List Price $716,169
Lowest Price: $237,000
Median Price: $590,000
Highest Price: $2,350,000
Average Price: $685,826
Total Market Volume: $231,123,500
2007
Total Properties Sold: 333
Avg. Days on Market: 106
Average Sales Price: $678,090
Average Final List [...]
07/26/08 |
4 Comments »
The Senate and the House of Representatives appear close to approving a $300 billion government rescue plan to help homeowners facing foreclosure.
Lou Barnes seems a bit skeptical about it:
Then there is this week’s housing bill. Barney Frank and Chris Dodd’s egomaniacal dream is going to fall flatter than Phoenix vacant land, so flat that it [...]
07/26/08 |
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