Don’t miss on this amazing DEAL in the South End! 17 Savoy Street PH D-310 South End 3 bedrooms 2.5 bathrooms 2 garage parking spaces private roof deck extra storage 1870 square feet condo fees: $848 per month, including heat and hot water So, how much is it? good question… Price: $1,050,000 price includes the [...]
Existing-home sales fell 5.3 percent to a seasonally adjusted annual rate of 4.49 million units in January, down from 4.74 million units in December and 8.6 percent below the 4.91 million units in January 2008, NAR reported this morning. NAR estimates that distressed sales, including foreclosures or lender-mediated short sales, comprised approximately 45 percent of [...]
Two national home price indices released today reveal record declines during the fourth quarter of 2008. According to the S&P/Case-Shiller U.S. National Home Price Index, home prices fell 18.2 percent during the fourth quarter compared to the previous year, marking the largest decline in the index’s 21-year history. The 10-City and 20-City Composites showed annual [...]
Housing affordability climbed to its highest level in five years at the end of 2008, with Indianapolis, Ind., maintaining its status as the most affordable major market, according to the latest NAHB/Wells Fargo Housing Opportunity Index (HOI). Nearly two-thirds (62.4 percent) of all new and existing homes that were sold in the final quarter of [...]
The Boston Redevelopment Authority approved a 15-unit residential project located at 333-339 West Broadway in South Boston. The five-story project, being developed by Paul Adamson and Mark Cummins of South Boston, will contain 15 condos of which two will be affordable. The units will be one and two bedrooms and all will feature exterior decks. [...]
President Obama today announced details of the Homeowner Affordability and Stability Plan, which could help up to 9 million families restructure their mortgages to avoid foreclosure. Obama unveiled the $75 billion mortgage relief program in a speech in Mesa, Ariz., which is located in a region that has been hit hard by foreclosures and falling [...]
The $8,000 first-time homebuyer tax credit included in the American Recovery and Reinvestment Act, which President Obama signed into law yesterday, is designed to help boost the sagging housing market. Read NAR’s handy explanation of the tax credit here, and visit the National Association of Homebuilders site for additional information on how buyers can take [...]
Some of the biggest players in the mortgage industry will halt home foreclosures while the Obama administration hammers-out a plan to help struggling homeowners. The plan may cost at least $50 billion, according to news issued from the White House. Government-controlled mortgage finance companies Fannie Mae and Freddie Mac, as well as major banks such [...]
There is a little know fact about South Boston real estate; you can find relatively inexpensive single-family homes minutes from downtown. That means you can get more space for less price. For example, there are currently 14 single-family homes for sale in South Boston ranging in price from $220k-$700k. Most single-family homes have parking and are [...]
Total existing-home sales fell 6.4 percent to 4.70 million units in the fourth quarter of 2008 from 5.02 million units in the third quarter, and they were 5.9 percent below the 5.00-million unit pace recorded in the fourth quarter of 2007, according to the latest quarterly survey by NAR. Home sales rose in only six [...]
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