People hoping to buy homes in the Worcester residential real estate market have many factors to consider before making offers. After looking at schools, crime rates and other demographic issues, they must also find homes that meet their personal and financial needs. One factor that should be considered in the financial evaluation of a prospective…
Massachusetts home sales hit an 8-year September high
There is good news to report for people interested in the health of the Massachusetts housing market: last month’s home sales hit their highest monthly mark in almost a decade. September proved to be an excellent month for the state’s residential real estate market. According to the Warren Group, last month marked the highest September…
Residential real estate market flourishing in Massachusetts
For Massachusetts residents waiting for the right time to get into the residential real estate market, that time may have arrived. Current housing market trends suggest that the housing crash of the last decade is truly on its way out and that healthy economic conditions are bringing the market back to success. The Warren Group…
Residential real estate goes small in Worcester
In and around Massachusetts, many people want to buy bigger homes to accommodate their growing families and incomes. It seems that only those people who are experiencing empty nests choose to downsize and seek out smaller spaces in which to live. That trend may be changing across the country as well as right here in…
Waiting may help buyers making residential real estate purchases
Jumping into the residential housing market can be scary for first-time home buyers as well as seasoned homeowners. Here in Worcester and across the nation, investors have made housing prices rise to unexpected levels and new development has been somewhat slow, creating fierce competition over the few residential properties currently available. While some people may…
Off property factors can influence residential real estate sales
It is a fear that many Massachusetts homeowners face. Their friendly neighbors decide to move out and they put their home up for sale. Homeowners all around the newly offered property begin to wonder just who will move in and how those new residents’ behaviors will impact their community. In the residential real estate field,…
Residential real estate matters drive buyer concerns
The residential real estate market is changing. Though the last few years have been marked by enough homes on the market to satisfy buyers’ demands, the number of homes available for purchase has dropped off both here in Massachusetts and elsewhere in the country. Additionally, rising home prices and rising mortgage interest rates are driving…
From renter to owner of residential real estate
Many people in Massachusetts choose to rent houses, condos and apartments instead of buying for a variety of reasons. Some people like the freedom of monthly rental contracts, while others may not be able to afford all of the costs associated with buying a home. While renting is a viable option to keep a roof…
What to expect from this summer’s residential real estate market
Some people in and around Worcester may be wondering if now is the right time to get into the housing market. They may not know if current residential real estate prices are reasonable or if there is any chance that interest rates will dip lower. With much uncertainty surrounding the sale and purchase of real…
Residential real estate prices nowhere near bubble
Anyone trying to buy a home in Massachusetts may have noticed that residential real estate prices are up from recent years, and people trying to sell their homes may be encouraged by rising listing prices. Some people may fear that rising prices are setting local economies up for the fallout of another market crash. Others…