Congratulations to the Boston Bruins!
On behalf of Bushari Group Real Estate, we would like to congratulate the Boston Bruins for being the world champions! Thank you for bringing such a joy to the city.
MA mortgage balances among highest in U.S.
Massachusetts residents are among the most credit-worthy in the country, this despite the fact that the state’s average mortgage balance is a lofty $221,671. Local residents also have some of the largest student-loan balances nationally. The Bay State’s average home-loan balance ranked as the sixth-highest in the United States in May, behind only California ($318,731); [...]
Shiller: American Economy At Tipping Point
Recent housing and employment data suggests the economy is at a tipping point, while home prices could have much further to fall, veteran economist Robert Shiller said on Thursday. “My gut feeling is we might see a continuation of the decline (in home prices),” Shiller said. He added that a 10 percent to 25 percent [...]
MA April Home Sales Drop
Statewide condominium sales declined more significantly – falling almost 37 percent to 1,160 from 1,834 in April 2010. A total of 3,895 condo sale transactions were recorded in the first four months of the year, a 26 percent decrease from 5,279 the prior year. April marked the 10th consecutive month that condo sales declined. The [...]
March Mass Home Sales Shows Decline
Condominium sales in March dropped for the ninth straight month. Condo sales decreased 31.6 percent to 1,034 from 1,511 in March 2010. A total of 2,747 condo sales transactions were recorded in the first three months of the year, a more than 20 percent decrease from 3,445 a year earlier. Sales of both condos and [...]
Vertex Pharmaceuticals is moving to Fan Pier Boston
Vertex Pharmaceuticals has confirmed it plans to move to Fan Pier on the South Boston waterfront. A company spokesman said it is still early in the process and that Vertex has signed a non-binding letter of intent, a step before signing a lease. Vertex said it had not yet negotiated the price of the lease. [...]
Home Remodeling Growth To Soften Through 2011
A still-stalled housing recovery and concern over the pace of economic growth nationally are likely to generate only modest gains in home improvement spending this year, according to the Leading Indicator of Remodeling Activity (LIRA). The study, released by The Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, projected annual [...]
MA Foreclosure Continues Decline In March
Foreclosure activity in Massachusetts dropped significantly during the month of March, according to the latest report by The Warren Group, publisher of Banker & Tradesman. The number of foreclosures initiated by lenders plummeted almost 60 percent from a year earlier. Lenders filed 1,048 petitions to foreclose in March, a 59.4 percent decrease from 2,581 in [...]
Boston’s Sellers Are The Stingiest In The Country
Even though a number of homeowners around the country are offering deep discounts on their homes for sale, Boston ranked No. 1 in the nation as having the stingiest sellers with the smallest discounts on the market, according to real estate website Trulia.com. The average percentage discount for a home in Boston listed on Trulia.com [...]
The Clarendon Back Bay is 50% Sold
Exactly half of the condominium units at the posh Clarendon Boston development on Stuart Street in Boston are expected to be sold by the end of the week, just another sign to some that the Back Bay is downtown Boston’s most sought-after neighborhood. The development recently closed on the 50th of 102 total condominium units. [...]
