Report Examines U.S. House Price Declines
A new report by the Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac, examines previous house price declines in the United States with particular focus on areas that have had the sharpest price declines. The report concludes that house price downturns tend to be long in duration. The median time required [...]
Foreign Investors Optimistic about U.S. Housing Recovery
Foreign real estate investors say they expect to see a recovery of the U.S. housing market by the end of the second quarter of 2010, according to a new survey by the Association of Foreign Investors in Real Estate (AFIRE). Nearly one-third of respondents said they felt more optimistic about their investment projections for 2009 [...]
Housing Starts Rise, Builders Remain Cautious
Housing starts were at a seasonally adjusted annual rate of 532,000 in May, up 17.2 percent from the April estimate of 454,000, but 45.2 percent below the 971,000 homes started in May 2008, according to the latest figures released by the U.S. Commerce Department. Permits for new construction rose 4.0 percent in May to a [...]
Report: Home Prices May Be Stabilizing
House prices may be showing signs of stabilizing, according to a new report by Radar Logic, a real estate research firm. The company’s RPX Index, measured in price per square foot, shows that prices in the top 25 U.S. metro areas have flattened over the past few months, breaking a trend of rapidly declining home [...]
U.S. Foreclosure Activity Decreases in May
Foreclosure filings — default notices, auctions and bank repossessions — were reported on 321,480 U.S. properties in May, a decrease of 6 percent from the previous month but an increase of nearly 18 percent from May 2008, according to RealtyTrac, an online marketer of foreclosed properties. One in every 398 homes received a foreclosure filing [...]
Congress Weighs Buyer Tax Credit Expansion
Legislation introduced in Congress on Wednesday would expand the tax credit now limited to first-time homebuyers (which the government classifies as anyone who has not owned a primary residence in the past three years) to any purchaser of a home and would increase the maximum available to $15,000. The tax credit passed earlier this year [...]
$300k for a Back Bay parking spot
It was reported today that a parking space off 48 Comm Ave in the Back Bay sold for a new record $300.000.. The spot was listed for $250k with Debra Sordillo of CBRB but sold for 50 thousand more due to a bidding war. The funny thing is that only a few blocks away you [...]
Pending Home Sales Up Nearly 7 Percent Nationwide
Pending home sales in April showed a 6.7 percent jump from March numbers, and a 3.2 percent increase from April 2008 transactions according to The Pending Home Sales Index, a forward-looking indicator of the real estate market based on contracts signed. Geographical breakdown: Northeast: The idex jumped 32.6 percent month over month and .8 percent [...]
The 1850 Lofts Are Going To Auction
An auction of 35 lofts at The 1850, a new loft development, in the South End at 90 Wareham Street will be held at 1:00pm Sunday, June 28th, at the Westin Boston Waterfront hotel. The five story loft development encompasses an entire block along Albany St. Minimum bids will start at $175,000 for a 679 [...]
Elad Bushari, Local Real Estate Broker, Recognized in REALTOR Magazine’s “30 Under 30″
Elad Bushari, the broker and owner of Bushari Group Real Estate in Boston, MA, has been recognized by REALTOR® Magazine, (www.realtor.org/realtormag), the official publication of The National Association of REALTORS®, as one of the top real estate professionals nationwide under 30-years-old. Selection criteria for the annual award include professional leadership, business success, community involvement and [...]
