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arlington: Massachusetts foreclosures - local impact - 09/02/08 08:27 PM
Today the Boston Globe reported a summary of the Warren Group's report on Massachusetts foreclosure activities. ( http://www.boston.com/business/ticker/2008/09/mass_foreclosur_13.html?s_campaign=8299 )
They report that "Foreclosure activity has doubled so far this year" and that there have been 7,804 filings. They also report that filings experienced a sharp drop-off in May after a new law took effect requiring lenders to allow an additional 90 days for borrowers to repay loan defaults.
What the article doesn't comment on is what will be happening now that the extra 90 day period is expiring from all of the filings that have been waiting since May. June, July, … (0 comments)
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arlington: Market Report for Single Family Homes, Arlington, Ma. August 2008 - 08/16/08 03:24 PM
First a review of where we came from. For Arlington, Ma. the market volume peaked in 2006, and the prices peaked in 2005, at an annual median price of $503,000. Prices have shown approximately a 6% pullback since that time. The number of homes sold in 2006 was 314. In 2007, 290 homes sold so the volume has dropped 8%. So far in the first half of 2008 there have been 141 sales, so the market volume is low.
There is a seasonal volume effect on the Arlington market with Q1 (Jan, Feb, Mar) and Q4 (Oct, Nov, Dec) … (0 comments)
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arlington: The Bike Path. - 08/11/08 02:56 PM
So many MLS listings in Lexington, Bedford, Arlington and Cambridge promote ‘easy access to the bike path' or ‘next to the bike path,' as if everyone should know what a good thing that is! I thought it deserves an explanation of just what ‘the bike path' is, and why it is a good thing to be next to. The official name is The Minuteman Bikeway. It is a great example of a successful conversion of an old unused rail right-of-way into a dynamic recreation area. The trail runs from Bedford through Lexington, Arlington and Cambridge, stopping in Cambridge at the … (1 comments)
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Mike Batty
Lexington,
MA
More about me…
Avion Realty
Office Phone: (781) 771-7216
Cell Phone: (781) 771-7216
Email Me
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