Unemployment Hurting Prime Borrowers
Borrowers with good credit scores are taking center stage as the most likely to default on mortgage loans as they lose jobs and take pay cuts. About 12 percent of home owners with mortgages were behind on their payments in the first quarter, the Mortgage Bankers Association (MBA) said Thursday. Moreover, nearly 6 percent of [...]
Zero Marlborough Adjusts Prices
The new renovation of landmark building overlooking the historic Public Garden, Zero Marlborough is now offered for purchase at new prices. The 24 hour concierge ultra luxury Boston real estate development offers direct access elevator, spectacular floor plan and amazing views of the Boston Public Gardens. Each condo has a living room with a fireplace, [...]
Bostonians are Ranked 4th Among Healthiest of Americans
Bostonians are among the healthiest of Americans — at least not according to the American College of Sports Medicine’s American Fitness Index. In fact, Boston ranked fourth out of the 50 largest U.S. metropolitan areas in terms of fitness, according to the report, which was produced in partnership with the WellPoint Foundation. The snapshot of [...]
MA Home and Condo Sales Continue Slide in April
Single-family home sales fell to their lowest level for the month of April since 1990. Statewide home sales retreated 14.5 percent to 2,731 from 3,196 in April 2008.Year-to-date sales dropped 12 percent to 8,898 from 10,108. The median price for homes sold in April tumbled 13.1 percent to $265,000 from $305,000 last year. Median home [...]
Volvo Ocean Race leaves Boston Fan Pier
It is hard to believe that the Volvo ocean race at the Fan Pier ended a week ago. The boats have left and are on the 7th leg of the world tour heading to Ireland. Even now as the Puma Bar is being disassembled and stacked in a parking lot a quarter mile away. They [...]
First Time Home Buyers’ Tax Credit Can Be Used As Down Payment
Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment. Previously, most buyers wouldn’t receive the funds until after they filed their tax return, and [...]
Distressed Sales Drive Down Home Prices
Distressed sales, including short sales and foreclosures, accounted for nearly half of all transactions during the first quarter of 2009 and weighed down home prices in many markets, according to the NAR’s quarterly survey. Out of 152 metro areas surveyed, 134 reported lower home prices in the first quarter while 18 had price increases. First-time [...]
MIT real estate index continues slide
Prices for commercial real estate sold by institutions such as pension funds fell by close to 6 percent in the first quarter of 2009, according to the MIT Center for Real Estate. The 5.8 percent drop in the prices is the fourth consecutive quarterly drop and the sixth in the past seven quarters, according to [...]
Lenders Chase Short Sale Sellers
An increasing number of lenders are going after borrowers who sell their homes for less than they owe – known as a short sale – in order to recover more of the difference between the amount owed and the sale price. Lenders say the factors that they consider when they decide to seek more money [...]
Fan Pier hosts the Volvo Ocean Race
The Volvo race has been called the “Everest of Sailing” races. One of the most grulling and dangerous boat races in the world, and now it is here in South Boston at the new Fan Pier. Eight teams compete in a trans-oceanic race traveling around the world to 11 ports starting in Alicante, Spain then ending [...]
