Aug. 20, 2009
A Reporter story in the Aug. 13 edition quoted Eric Lindsey of The Bentley Real Estate Group as saying that the Section 8 market is â€œkilling the regular market.â€
Thatâ€™s a ridiculous and inaccurate statement. The Section 8 voucher program was established during the first Nixon administration as an alternative to traditionally built public housing developments; it gave families of low income a more flexible choices of homes. Read more
For most of Boston, the chill in the housing market has meant a more glacial turnover, especially for condominiums. But in Dorchester's condo market, figures from the Warren Group show a blizzard of sales accompanied by a steep plunge in the median price.
By comparison with the same month for the previous year, the Warren Group reports condo sales in Dorchester this January were up by 45.8 percent, while the median price was down by 69.3 percent. That was the largest drop in median price for any part of Boston with more than a half dozen transactions. Read more
The Warren Group reports single-family home sales were down last year in Boston by almost 15 percent. The median price decreased by more than 11%. The largest decreases in sales were in Brighton, South Boston and West Roxbury. The largest price drops were in Mattapan, at almost 31 percent, and East Boston, at more then 26 percent. Read more
Under new leadership just last month, the Fields Corner Community Development Corporation (CDC) has been taking home failing grades on its federal report card for the last two years, the Reporter has learned.
The U.S. Department of Housing and Urban Development reviews all the properties it subsidizes each year, grading how well they are maintained on a scale of 1 to 100. Properties graded in the 90 to 100 range are considered high performers. Those below 60 are designated "troubled." Read more