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: [...]

South Boston has traditionally been popular among young professionals due to its abundance in condos and apartments for rent, as well as its accessibility to downtown Boston. It’s also interesting to understand the surrounding conditions of our current listings in relation to the future of South Boston Real Estate.

While the market continues to fluctuate, Mark [...]

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 [...]

Our good friend David Bolton over at Prospect Mortgage (one of Boston’s best mortgage brokers) just sent me an advisory memorandum from MassHousing explaining the new $8000 tax credit loan program.  I’ve posted it below and will explain some of the quick details in bullet points afterwards:
“Governor Patrick announced today the establishment of a Tax [...]

This is kind of like a back handed compliment.  June sales of Massachusetts condos posted only a 5.7% decline in price over the same period last year.  This is the smallest year-over-year drop in pricing since last August and is much smaller than the double digit declines we had seen in earlier months this year.  [...]

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 [...]