Warren Residential Group Blog – Boston Real Estate Blog

According to Bankers & Tradesman the Boston real estate market has finally hit bottom.
…Sure, condo prices and sales finally slowed in downtown Boston, but Dorchester, Roxbury, East Boston, Mattapan and Hyde Park saw thousands of homeowners fall behind on their mortgages over the past few years, many losing it all.
But here’s one key sign: [...]

Christina Longo over at Prospect mortgage just sent me over the following data points in regards to the economy.  Looks like things are looking up!
-Existing home sales rose 10.1% in October to a seasonally adjusted annual rate of 6.1 million units from 5.54 million units in September. The increase was largely due to the tax [...]

Many of my clients ask my why I think Boston has held up so well compared to other large markets such as parts of California, Florida and Nevada.  I always tell them that the main reason is the small amount of new supply being brought to market.
Between April of 2000 and July of 2000, Massachusetts [...]

The market report for the second quarter of 2009 has just been released by LINK and I wanted to give you all access to the data.  I’ve added a link to the report on our Quarterly Market Report section of our website.  Here is the link:

http://www.warrenre.com/guides_reports_forms/quarterly

It is a very comprehensive report noting a [...]

Over the past two years, most of what we have heard in the media has understandable been negative in regards to real estate.  However, the Warren Group just put together a chart of single family median home prices from Jan-May comparing 2007 to 2009.  Some of the numbers in the chart below might surprise you [...]

Finally, some good news!  Massachusetts reported that companies in the Bay State added 4,900 new jobs in May, the first increase in a year.  The sectors which saw growth were health, education, professional, scientific, and leisure while construction and manufacturing are still having a hard time.
This is good news for the overall Massachusetts economy and [...]