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Boston, MA Real Estate News

By Erik Lind
(4More Appointments)
I would like to introduce myself to the community. I have recently been appointed to the Center Director of 4 More Appointments, Inc. 4 More is marketing company that specializes in creating inbound business for our customers. We transfer live calls, set face to face appointments and support on site call center consultation for the inusrance, financial and mortgage industries. The fact is most reps and agents don't fail in these industries because they can't pass the exams. On the contrary; almost all pass the exams and then fail because they run out of prospects to share their knowledge and expertise with. The companies have divested themselves of salaries and benefits and forced the sales force into a self employed status with zero marketing budget.   These industries have gone throug...
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By Greg DiGiorgio, EXPERIENCE | INTEGRITY | RESULTS
(DiGiorgio Realty Group)
This is a question I get asked pretty much on a daily basis.  I could be in Dunkin Donuts, the cleaners, convenience store, or the dentist.  If someone knows that I'm a Realtor the question usually follows.  Here's the deal, its good for some, and not good for others.  Let me explain.   If you are planning to buy a home right now and want to sell it for a profit in 2 years, its probably not a good time to buy.  However, if you plan on staying in the home for at least 5 years, its definitely a good time to buy.  Now on the selling side, if you just bought around 2003 or 2004, HOLD ON TO YOUR PROPERTY IF YOU CAN!!  If you don't have to sell right now don't.  Get out of the adjustable rate mortgage, get into a fixed rate, and hold on for a little while longer.  I know this is easier for so...
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Growing up in Cambridge, MA was not only a great childhood experience and memory; it was also being able to see the history that surrounded my hometown.  Only a hop, skip and a jump to the heart of Boston, I use to love taking the trolley from Lechmere station into what I felt was the greatest place on earth.  Quincy Market and Faneuil Hall hold many dear memories for me.  Where else can you go and find so many beautiful arts and crafts as well as food from every corner of the earth? The feeling as you would walk out from the trolley station and you felt that first gust of wind; you knew you were in Boston. The fluttering of the pigeons perched high on the buildings as well as the business men and women shuffling threw the crowds. The sounds of beautiful music being played by the local ...
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By Robert Nichols, MungoList.com
(MungoList.com)
Boston Real Estate Report By SharpBuyers.comAs we enter into the slowest time of the year for real estate sales it is important to keep a closer eye on the market. This is why SharpBuyers.com is providing this vital report that gives consumers an in-depth look at the real estate market. There are several different ways this information can be utilized. For buyers, declining home prices may be an indication to wait until the market bottoms out before purchasing. The flip side of that philosophy is that the only way to know when the market has hit rock bottom is when it starts to come back up. Hence, you run the risk of missing out on great deals by trying to perfectly time the market. My advice, buy today with the intent to hold. Many investors forget that real estate is a long term inve...
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By David Reznikow, CMPS
(Fairway Independent Mortgage)
Mortgage rates moved away from the best levels of the year last week with force, and this week could resemble last.  Markets have been grappling with conflicting signals about the U.S. economy.  On one hand, there is evidence of inflation in the form of higher cost of living.  On the other hand, there is evidence of a recession in the form of hiring and housing slowdowns.Because market players had expected recession for so long, just the threat of inflation is enough to reverse markets.  Inflation erodes the value of bonds and investors don't want to be caught holding too many of them.  As mortgage bonds are sold, the extra supply drops their price.  This causes mortgage rates to increase.  On most weeks, new evidence of inflation would cause a gradual rise in rates.  But this is no ord...
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If you purchase a Boston property, then you have many options when it comes to transportation. Boston is known as the Walking City due to its extremely pedestrian friendly atmosphere-cars stop at crosswalks, sidewalks are maintained and abundant, and activities are located close in proximity. Many Bostonians who live in areas like the Back Bay, the South End, Beacon Hill or other central areas choose to not own a car, as walkers can supplement their routes with the subway and bus systems. In addition to the public transportation system, Boston also has an intricate road system, much of which has been shifted to underground tunnels-an initiative called the Big Dig-to beautify the city and make it even more pedestrian friendly. Boston is home to the nation's first subway system, fondly re...
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Boston property owners have a world of beauty and history right outside their doorsteps. Because Boston was one of the nation's first cities, it is steeped with history. Residents and tourists alike enjoy taking in history tours and the general atmosphere of this classic city. One of the most popular historical tours is the Freedom Trail. The Freedom Tail a is 2.5 mile trek that covers 16 historical sites that detail America's break from Britain. Another more adventurous option is the Boston Duck Tours, which take viewers on a Duck Boat around the city-and in the neighboring water areas-and is known for its zany tour guides. If you are interested in Back Bay real estate, then some of the city's most popular destinations are at your fingertips. Both the Back Bay and Beacon Hill open up t...
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Boston's real estate sits along the Massachusetts Bay, where the Charles and the Mystic Rivers' mouths empty into the ocean. Naturally, Boston's seafood restaurants are some of the best in the nation. One of the most famous seafood chains in Boston is Legal Seafoods. With several locations all around the city, it is a great choice for fresh seafood in an informal yet elegant environment. If you live in a Back Bay condo or home, then you may make the Atlantic Fish Co. a staple, as many Bostonians do. (Their clam chowder is a must.) On the other hand, if you are looking for no-frills, fresh seafood, you might try No Name Restaurant near the Boston Fish Pier. They have been voted the best seafood restaurant several years in a row and offer practically unheard of prices. But seafood is not ...
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Boston perfectly blends modern amenities and classic buildings to create a timeless city, full of innovation. For those who are interested in purchasing Boston real estate, there are many options. Boston is known for its luxury real estate, which includes Brownstones, Rowhouses, high-rise condos, and a plethora of beautiful houses both in the city and on the outskirts. Because Boston's real estate is extremely diverse depending on which neighborhood you choose, it really has something to meet everyone's tastes. Some of the most popular luxury real estate areas include the Back Bay, the South End, and Beacon Hill. However, each neighborhood has its own characteristics, so check out descriptions of all the different neighborhoods here. The beautiful Boston condos, town homes, and houses a...
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By Robert Nichols, MungoList.com
(MungoList.com)
Attention sellers, we are currently in a declining market. If you are serious about selling your home then it is critical that your Realtor understands the dynamic between the market trend and your home's value. Let me explain. The longer your home is on the market the lower the market value. In order to sell your home as quickly and profitably as possible, you must get ahead of the trend. The 6-month trend for Boston Single Family homes is a 7.79% decline in values and a 36% decline in volume. This is based on the median sales price in Boston from May 2007 to October 2007. This gives us an average monthly decline is 1.3% in value. If you are serious about selling your home then you should seriously consider reducing the price by 1.5% - 2% to get ahead of the negative trend. It may be p...
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Since there aren't many posts about Boston, I thought I'd write about one of my favorite places to stay when I go into town.  The Colonnade Boston Hotel has got to be one of the nicest hotels in town, and they seem to go unnoticed.  From the expert service we always receive to the wonderful restaurant, I have to highly recommend the hotel.  They are at a great location as well.  (location, location, location).  From their front door, the Prudential Center, Museum of Fine Arts and Copley Square are all walkable.Has anyone else stayed here?The Colonnade also also have luxury apartments (for the Realtor in me) attached to the hotel.  They get to use all of the hotel's amenities.Any other Boston hotel recommendations?
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By Richard Rosa, Exclusive Buyer Agent
(Buyers Brokers Only, LLC)
Your high school quarterback son need some help reading defenses or spotting the open receiver? Well, then move in next door to Patriots QB Tom Brady. The Boston Herald reported (actually using the Boston Globe as a source) September 13, 2007 that Brady is selling two condo units he owns in a Beacon Hill brownstone. The new dad reportedly will keep the top two floors, which have "panoramic views of the Charles River." As for the units for sale, "The Boston Globe reported Thursday that Brady is selling one unit, with three bedrooms and three-and-a-half baths, for $4.59 million. The other has three bedrooms, two-and-a-half baths and a $3.99 million asking price." It might seem expensive, but just think of the signing bonus Junior will get after being drafted in the first round. Read The B...
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By James Lowenstern, Castles Unlimited. Newton MA Real Estate
(Castles Unlimited®)
Downtown Boston Condominium sales are ahead of 2006 in total sales absorption and just a little behind 2005 and is showing upward pressure on pricing:                                     Average Price Jan. 1 - July 13                                    2006      $575,689                                    2007      $660,230                                     Median Price Jan. 1 - July 13                                    2006 $455,000                                    2007 $480,000 MetroWest Single Family Home market is 11% above the sales activity for the same time period last year and is almost at 2005 numbers. The high-end is particularly strong showing momentum in the $1M+ price segment over the last 3 years.                                     For time period of Jan. 1 -June 13:...
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By Robert Nichols, MungoList.com
(MungoList.com)
With the closing of Historic Filene's Basement in Downtown Boston, the heart of the city will be revamped with a fresh new look.  A 38 tower retail building will be added above Filnene's Basement when the project is completed. Some of the other changes that will be taking place are, 350,000 Sq. Ft. of Retail space to attract New stores and Shops, 500+ new residential unites, 300+ New Hotel Rooms, and 700+ New parking spaces. The entire project is slated to be completed by 2010. The catalyst for the project was poor economic performance in the downtown area over the last few years.     SB
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By Richard Rosa, Exclusive Buyer Agent
(Buyers Brokers Only, LLC)
According to RealtyTrac, Inc., Massachusetts ranks 9th in the country in foreclosures filings. Massachusetts saw a month-to-month increase of 48.64 percent in July 2007. New Hampshire ranks 34th and actually saw a decline in foreclosures in July 2007 compared to June 2007.  On a month-to-month basis, foreclosure filings in the Granite State dropped nearly 54 percent. One in every 580 Massachusetts household faced foreclosure. One in every 2,946 households in New Hampshire faced foreclosure.

RealtyTrac, Inc. ranks as the third largest real estate site by MediaMetrix, and, for what it's worth, RealtyTrac Inc. calls itself the leading online marketplace for foreclosure properties.
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By Boston Condo Guy
(Boston Condo Guy)
As Green building and development continues to spread across the country, Boston has joined the club.  The Macallen Building, a 140-unit development in South Boston is one of the most progressive developments in the city, opening its doors to residents in June of 2007, it has achieved a coveted Gold-level Leadership in Energy and Environmental Design  (LEED) certification badge, currently the only across all Boston real estate. The sloping 6 to 12 story Macallen Building, nestled among hip, and up and coming, condo developments near the Broadway Red Line T-Stop, including Court Square Press, Allele Boston, and the Lofts at 36 A, sets itself apart with its focus on being the eco-friendly neighbor.  The Macallen Building has strived hard to achieve the highest LEED green certification lev...
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By Robert Nichols, MungoList.com
(MungoList.com)
Attention All Buyers,As a buyer of real estate you have a choice in your representation. Did you know that you don't pay a fee for this representation? The fee gets paid by the seller after the sale. With that said, All Massachusetts Buyers qualify for up to a 50% commission rebate if you use SharpBuyers.comto make your next real estate purchase. Check out our website at www.SharpBuyers.com, or call us today at 800.880.0468
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By David Reznikow, CMPS
(Fairway Independent Mortgage)
After all the volatility and talk of a global crumble, all of the major U.S. stock indices posts gains last week.  It just goes to show you what a strange roller coaster ride we're all on.Last week, the market bounced its way through:The Fed's press release stating that inflation is still a concern Central banks around the world injecting gobs of cash into the global economy A French bank halting withdrawals in several funds until the "true" value of the assets can be determined Bleak outlooks from several high-profile U.S.-based lendersAnd none of those items were based on scheduled economic data releases.This week, by contrast, hosts a bevy of economic growth predictors that will hit the wires.  Continuing with today's Retail Sales report, mortgage rate shoppers will get no rest from ...
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