Museum of Science Goes Green, May Impact Regatta Views
May 27, 2009 by Elad Bushari · Leave a Comment
Boston’s Museum of Science said Wednesday it is building a wind-turbine laboratory on its roof, the first such lab in the nation to be constructed on a museum rooftop.
The lab, a part of the museum’s green initiative, will demonstrate small wind turbines that could be erected on small businesses and homes. When completed, five turbines [...]
NorthPoint Cambridge Headed Back To Court
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May 22, 2009 by Elad Bushari · Leave a Comment
The Massachusetts Supreme Judicial Court has agreed to hear an appeal on NorthPoint, the beleaguered $2 billion Cambridge mega-project, that will determine, in part, if more than 25 percent of the site’s 40 acres were improperly permitted and should be classified as state lands.
The new suit was brought by the same Cambridge residents who successfully [...]
Cambridge Real Estate Market Update
May 9, 2009 by Elad Bushari · Leave a Comment
24 Cambridge Condos and 4 Cambridge Homes got under agreement in the past week. The average asking price for Cambridge Condos was $401,379 and the average marketing time was 57 days. The average asking price for the Cambridge Homes was $1,005,750 and the avergage marketing time was 110 days.
13 new Cambridge condos got on the [...]
March Existing-Home Sales Fall
April 29, 2009 by Elad Bushari · Leave a Comment
Existing-home sales fell 3.0 percent to a seasonally adjusted rate of 4.57 million units from a downwardly revised level of 4.71 million in February, NAR reported this week. March sales were 7.1 percent lower than the 4.92 million-unit pace recorded the same period a year ago. The national median existing-home price for all housing types [...]
Buyers Say Foreclosure Deals Taking Too Long
April 17, 2009 by Elad Bushari · Leave a Comment
Banks are quickly accepting bids and writing contracts for foreclosed homes, but buyers are complaining that settlements are taking too long.
Cambridge Real Estate pros say purchasing a bank-owned property is different than dealing with a regular home owner, considering that banks have to check claims on the property and problems can arise at closing. Plus, [...]
Office Space Provider Moves to Cambridge
April 10, 2009 by Elad Bushari · Leave a Comment
Cambridge – Interact Business Suites, a provider of temporary office space, has signed a 22,000-square-foot lease at Two Canal Park in Cambridge, relocating from One International Place in Boston.
John Boyle, partner at DTZ FHO Partners, who along with Lauria Brennan and Patrick Langdon of DTZ Barnicke of Canada, brokered the transaction.
The new headquarters at Two [...]
Demand From First-Time Buyers Is Strong: Study
March 27, 2009 by Elad Bushari · Leave a Comment
A new survey by Move.com finds that pent-up housing demand may be increasing, especially among first-time homebuyers. The study finds that 23 percent of adults plan to purchase a home in the next five years; more than half of them (53.5 percent) are first-time homebuyers.
Among first-time homebuyers who plan to make a purchase this year, [...]
Cambridge is one of the ‘best places to live’
March 11, 2009 by Elad Bushari · Leave a Comment
Cambridge – Boston magazine recently named Cambridge one of the “Best Places to Live” as a “Place the Plunge Forgot.” The list features 29 of Eastern Massachusetts best neighborhoods and towns based on how home values are holding up.
Boston magazine wrote, “Simple economics explains Cambridge’s scorching single-family sales and cooler (yet still respectable) condo market. [...]
Consumers Redefining the ‘American Dream’
March 11, 2009 by Elad Bushari · Leave a Comment
While many Americans still believe they can achieve the American Dream, uncertainty in the U.S. economy has prompted a shift in consumer priorities, according to the 2009 MetLife Study of the American Dream. While the American Dream is still defined first and foremost by financial security (66 percent), the current version also emphasizes strong personal [...]
Cambridge Interest Rates Drop Slightly
March 3, 2009 by Elad Bushari · Leave a Comment
The average 30-year mortgage rate in Cambridge stood at 5.35 percent last week, a .2 percent drop from the week prior, according to online mortgage tracker Zillow.
The average rate in Cambridge was above the average national rate last week, which rose slightly to 5.29 percent last week.
Nationally, Florida mortgage rates (5.15 percent), Georgia mortgage rates [...]
