Best new loft rental in the best part of the city
Finding 2,000 sq. ft. in the city is hard enough, but to pay less than $4k a month is incredible. Boston’s Leather District has some of the best real estate in the city, and some of the best lofts as well. It should come as no surprise that the latest Boston movie “Bride Wars” had [...]
As Jobless Claims Soar, Impact on Housing Inevitable
According to a government statement on Thursday, the number of people receiving unemployment benefits has reached an all-time record. The Labor Department reported that the number of Americans continuing to claim unemployment insurance for the week ending Jan. 17 was a seasonally adjusted 4.78 million, the highest on records dating back to 1967. This number [...]
Regatta Riverview Short-Sale Now Available
This stunningly renovated 2 bedroom, 2 bath corner unit on the 16th floor of the Regatta Riverview Residences features hardwood floors, granite counters and stainless steel appliances. A short-sale transaction has been negotiated with the lender, and the home is currently being offered at $575,000, which includes one valet garage parking space. The Regatta is [...]
Shrinking Inventory Means Less Transactions
According to data recently released by LINK, the Listing Information Network Inc., inventory in the downtown Boston condo market dropped 16 percent, from 1,022 in September to near a record low of 863 in December. Owners are simply opting not to sell if they don’t have to. They are leasing their properties or continuing to [...]
Las Vegas Leads Cities for Top Housing Deals
Property values are down, but in some cities sales are up because motivated sellers are slashing prices and buyers are getting deals.
“There’s a pretty active housing market, it’s simply at a lower-priced inventory,” says Michael Feder, chief executive of Radar Logic, a New York derivatives firm.
In San Diego, Calif., transactions are up 90 percent as [...]
New Refinance Boomlet May Lift Economy a Bit
Record low mortgage rates are providing a small measure of stimulus to the troubled U.S. economy as borrowers scramble to refinance their home loans–a move that frees up cash to spend on other items.
The Mortgage Bankers Association reports that the volume of loan applications has soared since November to its highest level in six years.
However, [...]
White House Facts
As the inauguration of Barack Obama, the 44th President of the United States, took place yesterday, here are a few fun facts about the White House, courtesy of the White House Historical Association:
– The White House was designed by Irish architect James Hoban and built in 1792 at a cost of $232,372. Today, it has [...]
Americans Favor Smarter Transportation Spending
Most Americans would like the expected economic stimulus plan to include spending on transportation and infrastructure, according to a new survey by the National Association of REALTORS® and Transportation for America.
The survey finds that 80 percent of Americans believe the proposed economic stimulus package should include plans to repair existing highways and build public transit [...]
Moving Trends In 2008
The number one destination for people looking to move state-to-state in 2008 was once again Las Vegas, according to a recent analysis by Relocation.com, a consumer resource for moving services. After Sin City, Denver, Charlotte, N.C., Phoenix, Portland, Ore., and Seattle were most appealing to movers, the report finds.
Michigan and the Great Lakes region continued [...]
Examining the Year-End Foreclosure Data
Foreclosure filings were reported on 2.33 million properties in 2008, an 81 percent increase in total properties from 2007 and 225 percent higher than 2006, according to a year-end study from RealtyTrac, an online marketer of foreclosure properties. The research shows that 3.16 million foreclosure filings — including default notices, auction sale notices and bank [...]
