Top Reasons Why A Property Management Company Is Crucial During A Pandemic
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 by acting without researching and understanding the laws in place. Whether you rely on outdated guidelines or the all-too-common unspoken [...]
Polar Park’s Impending Impact on Worcester Economy
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 Nixon, Tim Wakefield, and Dustin Pedroia. The team’s most recent championship team in 2014 also included two sluggers who would [...]
Worcester Rent Prices
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 a median rent just above the national average. This holds true even when compared to just the state of Massachusetts, [...]
Low Housing Stock Impacting Home Sale Prices
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, it certainly made the thin market thinner." This is good news for sellers, because when the "housing stock is so [...]
Mortgage Application Growth
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 a week earlier." Although this is still below the annual comparison overall, it is good news for the Worcester, MA [...]