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Jonathan Scott
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  • Harvard, MA
  • United States
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Jonathan Scott added a blog post
CNN recently interviewed Karen Weaver, the global head of the securitization research division at Deutsche Bank, showing the surprising belief that almost half of U.S. mortgage borrowers could be underwater by 2011. Deutsche Bank predicts that hou...
August 17
Jonathan Scott added a blog post
Everyone loves the first time home buyers tax credit; it's helping stimulate the housing market and benefiting people just starting out in life. Unfortunately, there seem to be a few other people attempting to reap the benefits without qualifying....
August 10
Jonathan Scott added a blog post
By now, everyone’s heard the big news. Housing sales increased this summer compared to last. Although prices are still falling, the rate of decline is slowing. Unfortunately, higher priced homes seem to be left out of this uptick. According to th...
August 3
Shortly after I posted this, Bloomberg posted an updated article showing that new home sales rose by 11% in June - higher than any economist they'd spoken to had predicted. Link here.
July 27
Jonathan Scott added a blog post
As the demand for new homes rises slowly (according to a prediction by Bloomberg.com), those who argued months ago that the housing decline would continue until 2010 and 2011 may begin to look a little sheepish. Home builders have lowered their pr...
July 27
Jonathan Scott added a blog post
Nearly everything about real estate is seasonal, even apartment leases. Spring and early summer is typically the peak time of year for rental activity, but the Wall Street Journal reports that vacancies have hit a 22 year high. Obviously the job ...
July 13
Jonathan Scott added a blog post
The Wall Street Journal reported last week that in Manhattan the median apartment price has dropped by 19% and the average time on the market for those same apartments has almost doubled. America Foy reported for the Examiner that the pace of tra...
July 6
I was more surprised by how quickly the homes were selling. Those houses must be great deals to sell that fast.
June 29
Jonathan Scott added a blog post
The Attempted Rebound of the Housing Market Analysts can't seem to agree on whether the housing market has begun to recover. Some believe that the slight increase in new home construction in May is the first sign of the recovery, but Bloomberg is...
June 29
Wow, that is sort of surprising that the median home price has come down so far.
June 25
Jonathan Scott added 3 blog posts
June 22
Jonathan Scott updated their profile photo
June 22
Excellent post Jonathan! The foreclosure situation, in Massachusetts anyway, seems to have peaked.
June 18
Jonathan Scott added a blog post
The Boston Herald reported on Sunday that foreclosures are on the rise in wealthier neighborhoods in Massachusetts, while foreclosures in Massachusetts fell 45% when comparing May 2008 to May 2009 (3,621 to 2,278). In 2009, 16 of those foreclosure...
June 15
Canton, MA median prices have really taken a dip so far this year.
June 13
Jonathan Scott added 2 blog posts
June 8

Profile Information

What is your home-buying status?
Just Browsing
If you are in the real estate industry, what do you do?
Other
What do you prefer in the bedroom?
Carpet
What are the three most important things for your dream home?
Big yard, Finished Basement

Jonathan Scott's Blog

Jonathan Scott

Underwater Mortgages Expected to Continue Rising

CNN recently interviewed Karen Weaver, the global head of the securitization research division at Deutsche Bank, showing the surprising belief that almost half of U.S. mortgage borrowers could be underwater by 2011. Deutsche Bank predicts that housing prices will fall another 14%, severely hurting many borrowers.

Mortgage owners that barely have any equity will be especially prone to… Continue

Posted on August 17, 2009 at 9:30am —

Jonathan Scott

Tax Fraud - Not a Good Idea

Everyone loves the first time home buyers tax credit; it's helping stimulate the housing market and benefiting people just starting out in life. Unfortunately, there seem to be a few other people attempting to reap the benefits without qualifying.

According to the Boston Herald, the IRS is already conducting 24 investigations for fraud related to the first time home buyer tax credit. One case in… Continue

Posted on August 10, 2009 at 10:00am —

Jonathan Scott

Pricey Homes Left Out of Housing Recovery

By now, everyone’s heard the big news. Housing sales increased this summer compared to last. Although prices are still falling, the rate of decline is slowing. Unfortunately, higher priced homes seem to be left out of this uptick.

According to the Wall Street Journal 2.3% of existing home sales exceeded $750,000 in the first quarter of 2009, compared to 4.4% in 2007. Record low mortgage rates and the first tim… Continue

Posted on August 3, 2009 at 10:25am —

Jonathan Scott

Housing Decline Slowing

As the demand for new homes rises slowly (according to a prediction by Bloomberg.com), those who argued months ago that the housing decline would continue until 2010 and 2011 may begin to look a little sheepish. Home builders have lowered their prices to compete with foreclosed homes, and its starting to show.

Near record low mortgage rates are bringing some extra business to the housing market, a… Continue

Posted on July 27, 2009 at 9:57am — 1 Comment

Jonathan Scott

Apartment Vacancies on the Rise

Nearly everything about real estate is seasonal, even apartment leases. Spring and early summer is typically the peak time of year for rental activity, but the Wall Street Journal reports that vacancies have hit a 22 year high.

Obviously the job market has an effect on the vacancy rate, but this year it has a particularly strong hand. Only 19.7% of 2009 college graduates who applied for a job received one, acc… Continue

Posted on July 13, 2009 at 11:36am —

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