Homes in the Boston area cost more than homes in most other places. The difference between median prices here and elsewhere is basically a “Boston Premium,” an additional amount that people are willing to pay for homes near the Hub…
Source:The Boston Premium
Fresh data from Warren Group shows Massachusetts single-family sales and median prices both dropped 12 percent in April compared to the same month last year. The price drop was the steepest since Warren started counting in 1987. As in past…
I have been talking about market analysis and how asking prices are unreliable. As some of you mentioned, a lot of the data I use is public. For the do-it-yourselfers, here is the next set of questions that come to…
A struggling borrower sends an email to Countrywide Financial Corp. pleading for help. “My number one goal is to keep my home that I have lived in for sixteen years, remodeled with my own sweat equity and I would really…
Source:Angelo Mozilo Live
A. B.-G. wrote about her market analysis problem in Dorchester in my last entry. Here?s my answer: There are a lot of problems for me with your question: 1. Why do you trust me more than your agent? Do you…
Meet WMALT 2007-OC1. W, for short, is a pool of mortgages collected by Washington Mutual and sold to investors in May, 2007. These were not subprime mortgages. The average credit score was 705. But something has gone very wrong. At…
Source:An epidemic of lying
Last week, Mish wrote: Limited inventory in our price range, so when something nice is up, it goes within a day or two… This is in homes in the ?burbs for upper six figures. …There have got to be others…
Source:Flying houses, why?
I hope you all thoroughly enjoyed Memorial Day weekend. I take only a few weekends off a year, because the business of residential real estate happens on weekends. Memorial Day weekend is one that I regularly take off. It falls…
Source:What does "home" mean?
I have been beating myself up lately over my bad tenants. In the last 30 days, I have had to evict one tenant for non-payment of rent after only 6 months, ask another to leave at the end of the month after repeated police calls (and probably not collect their past due rent), and threaten […]
I suppose it is tough to say this is a Stupid Repair, as all the houses of this vintage (pre 1950) were built this way.
It is more about how various investment property owners have attempted (and I am using that term generously) to deal with this troublesome bathroom feature.
Back when many of the properties in […]
Source:Stupid Property Repairs #5