Buyer delusions
I have seen this before, and I will see it again: Last week, one of my clients returned to house-hunting after a nine-month break. She was pleased to see a condo on the Multiple Listing Service (MLS) which she liked…
Foreclosures mostly affect renters?
It is quite plausible that the majority of people who have lost homes to foreclosure in Massachusetts since January 2007 were renters rather than owners. That’s my conclusion after reading a new research note from the National Low Income Housing…
Market shows signs of spring
Six percent of the homes for sale in Massachusetts at the end of April were either resales of recent foreclosures or “short sales” — basically, last-ditch attempts to sell a property to avoid foreclosure. That’s a high level by historical…
Fewer searches, fewer sales
One natural consequence of the housing downturn: Fewer people are searching the Internet for information about homes. A researcher for Hitwise, which analyzes Internet traffic, charted searches including the term “homes for sale” as a share of all Internet…
SoftSecond program hails milestone
Hyacinth and Andrew Doman bought a Dorchester home last August, paid $220,000, and this story isn’t headed where you might think. Today I’m writing about good news. The Doman’s mortgage bill is $1,350 a month, an amount they can comfortably…
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