As if the residential sales market needed another swift kick to the gut the FHA has issued tighter restrictions on condominium lending that are stricter than it’s 2009 standards. Banker and Tradesman has a nice run down of the new points: What You Need To Know Here’s a rundown of the essential points of new [...]
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According to the Boston Business Journal the major Somerville development project known as Maxwell’s Green has just secured financing. Woo Hoo!! The developers behind the 184-unit Maxwell’s Green residential development in Somerville, Mass., said Wednesday that they had lined up financing for the $52.5 million project and hired a contractor. Davis Square Partners, which is [...]
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I fear that the article referenced in my post below from this past Monday’s Boston Globe is not fully accurate when accounting various sub-markets within Boston. For example: in Brighton my database has a total of 248 apartments available for rent between now and 9/1/11. That figure includes 76 two bedroom apartments, 50 three bedroom [...]
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According to boston.com rents within the greater Boston market have reached an all time high with a median price of $1,665 a month. This ranks us as the 5th most expensive rental market in the Country behind the New York and Southern Connecticut markets as well as San Francisco. If you’re a renter this news [...]
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Boston.com today reports that the $13.2 million paid for the Penthouse at the posh Mandarin Oriental is the most expensive condo sold in Boston. Recession? What Recession? The Ultra Luxury (no not luxury $1Mil condos. We are talking ULTRA LUXURY multi million dollar condos) market is doing swell. Condos that are priced $10 Million or [...]
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