Quarter Four Disrupts All Expectations As Both Home Prices & Sales Continue Unlikely Rise The end of 2020 was marked by the continued meteoric rise of home prices in Worcester County as potential buyers exchanged escalating offers to land available homes during a housing market scarcity. Single-family home prices in 2020 [...]
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Worcester Follows Trend As Massachusetts Home Prices Reach All Time High The Worcester housing market continued it's rise this summer as August 2020 showed a 15.1% increase in the single-family home median sale price. While the impact of COVID-19 can be seen in the overall home sales decrease year over year [...]
Finding An Accessible Home: A Primer For First-Time Buyers If you have never bought a home before, there’s a lot to learn. From how to choose the best financing to which pieces of information your lender needs, there are many moving parts that have to come together. When you add the need for [...]
Buzzing Worcester Housing Market Contributes to State-Wide Year Over Year Growth In Massachusetts The state-wide housing market in Massachusetts has risen in most categories despite a quarantine-induced stall in home sales. The Worcester Telegram reports, “the median sales price for both single-family homes and condominiums continued to set new records” in [...]
Worcester Ranks As Nation's 8th Hottest Housing Market Realtor.com recently ranked Worcester as the 8th hottest real estate zip code in the United States. When discussing Boston area cities and towns with quick listing turnarounds and increasing value, they highlighted Worcester as a thriving market. Boston.com reports that "The median listing price [...]
Why Having An Experienced Management Team Can Protect You From Legal Issues, Rent Dodging & More Navigating Tenant/Landlord Law Tenant/Landlord Law is changing frequently, with regulations and moratoriums popping up constantly due to the landscape caused by the pandemic. Unfortunately, property owners can create great risk for themselves and their properties [...]
WooSox Expected To Help Increase Local Business & Property Values Alike A Rich History & A New Beginning The Pawtucket Red Sox have played in McCoy Stadium in Pawtucket, RI since 1969, with several Red Sox legends and hall of fame players including Wade Boggs, Jim Rice, Kevin Youkilis, Nomar Garciaparra, Trot [...]
Worcester Rent Prices Staying Steady The Worcester Business Journal is reporting that as of this month, "Rent prices in the city of Worcester remained relatively steady from the year prior, rising 1.2% while prices dropped 0.9% throughout Massachusetts." Despite this, Worcester still remains one of the more affordable large cities nationwide, with [...]
Buyers Compete For Thin Housing The Worcester Telegram is reporting that the COVID-19 pandemic has further exacerbated the limited supply of homes available to a Worcester County Market that was already in short supply given the high demand. The article points out that although "the pandemic did not create a thin market, [...]
Weekly mortgage applications show real recovery in homebuying, as interest rates set another record low CNBC is reporting that weekly mortgage application numbers are indicating real recovery in the home buying sector. The statistics show that "Mortgage applications to purchase a home rose for the third straight week, up 7% compared with [...]