Real Estate Blog 
IRS Issues Revised Form to Claim Home Buyer Tax Credit
Thursday, February 11th, 2010 at 1:35pm. 33 Views, 0 Comments.
The Internal Revenue Service has issued IR-2010-6, which provides a revised Form 5405 to reflect the changes to the home buyer tax credit approved last November as part of legislation to extend and expand the tax credit. The release reminds taxpayers that those claiming the credit cannot use the IRS E-File automatic system, and instead must file their returns manually.
The revised form includes a section for repeat buyers who are eligible to claim the $6,500 tax credit. The HUD-1 form or other evidence of the transaction must be filed with all returns claiming the credit (both the $8,000 and $6,500 credits). Individuals who claim the repeat buyer credit must also provide evidence that they have owned and used the prior residence for five consecutive…
read more4th Quarter Market Statistics & 2009 Total Market Statistics
Thursday, February 4th, 2010 at 9:36pm. 33 Views, 0 Comments.
2009 Fourth Quarter Single Family Sales
'S.F'. stands for single family
'U/A' stands for under agreement
Total S.F. Sold | Difference to 4th Quarter '08 | Medium Price | Difference to 4th Quarter '08 | Average Days on Market '09 | Total U/A 4th Q'09 | Total S.F. on market 4th Q '09 | Total S.F. Sold 4th | Medium Price 4th | |
Boston | 261 | -35.2% | $328,000 | -13.1% | 95 | 262 | 276 | 193 | $290,000 |
Brookline | 33 | 32.0% | $1,080,000 | 1.8% | 136 | 37 | 43 | 25 | $1100,000 |
Newton | 122 | 64.9% | $643,915 | -12.4% | 83 | 130 | 92 | 74 | $735,000 |
2009 Fourth Quarter Condominium Sales
Third Quarter Market Report By Zip Code
Saturday, November 7th, 2009 at 4:08pm. 79 Views, 0 Comments.
All information was obtained from the MLS Property Information Network,Inc. (MLSPIN) and the National Association of Realtors.
| Zip Code | Average Price | Price Changes **** | Total # Homes Sold(Quarter) | % Change in # Homes Sold **** | Average Days on Market | % of Asking Price (Sold/List Price) ** |
| Newton | ||||||
| 02458 | $803,400 | -36.60% | 21 | -8.70% | 46 | 94.9% |
| 02459 | $958,100 | 2.92% | 58 | 38.10% | 66 | 96.0% |
| 02460 | $679,200 | -21.00% | 13 | -23.53% | 57 | 97.0% |
| 02461 | $703,900 | -12.93% | 14 | -17.65% | 63 | 96.5% |
| 02462 | $659,100 | 14.47% | 5 | 150.00% | 78 | 95.9% |
| 02464 | $464,500 | 7.20% | 4 | -33.33% | 23 | 92.9% |
| 02465 | $760,700 | -32.74% | 33 | 22.22% | 60 | 95.7% |
| 02466 | $820,300 | 17.19% | 17 | 183.33% | 39 | 97.4% |
| 02467 | $1,351,300 | -11.69% | 13 | 44.44% | 161 | 94.5% |
| 02468 | $1,017,500 | … |
Homebuyer Tax Credit Extended & Expanded
Friday, November 6th, 2009 at 7:35pm. 82 Views, 0 Comments.
The Senate voted 98-0 on Wednesday and Thursday the House voted 403-12 on legislation that includes the extension and expansion of the credit. The President is expected to sign the legislation, perhaps as early as today.
Here is a summary of the new home buyer extension and modifications.
Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010. .
Who Qualifies for the Extended Credit?
- First-time home buyers who…
Bryant Back Bay Auction Results
Sunday, October 18th, 2009 at 8:44pm. 95 Views, 0 Comments.
10 Units Were Gone in 30 Minutes
Here are the resuts:
| Unit # | Type | Last Price | Sold For | Sq.Ft. | $/SF | % S.P./L.P. | %Discounted |
| 602 | 3Bed/3 Ba | $1,976,250 | $1,500,000 | 1959 | $766 | 0.76 | -24% |
601 | 3Bed/3 Ba | $1,750,000 | $1,370,000 | 1913 | $716 | 0.78 | -22% |
401 | 3Bed/3 Ba | $1,692,000 | $1,335,000 | 2259 | $591 | 0.79 | -21% |
403 | 3Bed/3 Ba | $1,900,000 | $1,366,000 | 2128 | $642 | 0.72 | -28% |
505 | 3Bed/3 Ba | $2,050,000 | $1,350,000 | 2165 | $624 | 0.66 | -34% |
305 | 3Bed/3 Ba | $1,695,000 | $1,325,000 | 2181 | $608 | 0.78 | -22% |
404 | 3Bed/3 Ba | $1,900,000 | $1,350,000 | 2130 | $634 | 0.71 | -29% |
801 | 2Bed/2Ba | $2,295,000 | $1,352,000 | 1686 | $802 | 0.59 | -41% |
603 | 3Bed/3 Ba | $2,290,000 | $1,485,000 | 2019 | $736 | 0.65 | -35% |
406 | 3Bed/3 Ba | $2,050,000 |
30-Year Fixed Rate Below 5%
Friday, October 2nd, 2009 at 9:18am. 100 Views, 0 Comments.
Rates on 30-year fixed-rate mortgages for borrowers with good credit fell below 5 percent this week for the first time since May, Freddie Mac said in releasing the results of its Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 4.94 percent with an average 0.7 point. Last week the rate was 5.04 percent and 6.1 percent a year ago, Freddie Mac said. The 30-year fixed-rate last dipped below 5 percent during the week ending May 28, when it averaged 4.91 percent.
The 30-year fixed hit a record low in the records that date back to 1971, when it was 4.78 in April. This
was caused by a Federal…
Brook House Assessment Part 2
Thursday, September 24th, 2009 at 6:40pm. 96 Views, 0 Comments.
On September 11, 2009 the Board of trustees approved the amount of eight million dollars to complete the second half of the Fan Coil Riser Replacement Project. The originally projected cost was $36,500,000. With the slow economy the cost has been reduced to $23,500,000. The savings of $12,500,000 is also due to the fact that after "C" building is completed the construction company feels they can work on "A" and "D" building at the same time.
On the eve of the Jewish New Year, September 17, 2009, the owners of the Brook House condominiums received a letter officially announcing the second half of the Fan Coil Riser Replacement Assessment. Phase II of the heating replacing project payments will begin February 1, 2010 and be in 24 monthly installments.…
read moreBryant Back Bay Auction
Wednesday, September 23rd, 2009 at 5:18pm. 105 Views, 0 Comments.
Bryant Back Bay Condominium Auction October 17, 2009
Just weeks after this 50 unit high-end luxury building nears completion the developers have scheduled to auction off 10 two and three bedroom units. "Minimum bid prices were set low to let the market choose the value", said Jon Gollinger of Accelerated Partners.
Unit | Beds | Bath | Interior Sq.Ft. | Balcony Sq.Ft. | Past Price | Minimum Bid Price | Slash in Price | Min Bid… |
The Number of Foreclosure in MA Cities & Towns
Thursday, September 10th, 2009 at 10:42am. 71 Views, 0 Comments.
http://www.bos.frb.org/economic/dynamicdata/module1/bmap.html#
read moreNew Morgage Disclosures That Could Affect Closing Dates
Saturday, August 8th, 2009 at 4:50pm. 106 Views, 0 Comments.
Revised Truth In Lending Act Disclosure Requirements Take Effect on July 30, 2009
Lenders will be subject to new disclosure requirements for mortgage loans under the Federal Reserve Board Truth in Lending Regulation (Reg Z).
These changes are required by the Housing and Economic Recovery Act (HERA) and its section entitled the Mortgage Disclosure Improvement Act (MDIA) as it amends the Truth in Lending Act (TILA)
Highlights of the New Rule: …
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