Temporary Virtual Notarization Introduced In MA
Governor Baker Signs New Coronavirus Notary Bill MASSLIVE is reporting that MA Governor Charlie Baker has signed a new bill allowing for remote notarization of documents "related to mortgages, wills, real estate title transfers, caregiver authorization affidavits and other legal matters." The public health emergency throughout the country has put stress on the real estate industry but this bill is certainly a step in the right direction, now allowing important transactions to [...]
Worcester Real Estate Shows Strong March
Home & Condo Prices Show Large Growth March 2020 The Worcester Telegram released news last week that there was significant growth in both the single family home and condo sales prices in Worcester County last month. According to the report, "home prices in Worcester County last month climbed 11.5% and condominium prices soared 22.6% over March 2019". This resulted in a jump from $268,950 to $300,000 in single family homes and $208,000 [...]
Worcester Economy Among Least Vulnerable to Cornavirus Recession
Worcester Economy Among Least Vulnerable For Coronavirus Recession The Worcester Business Journal released a study last week discussing how the Worcester economy is better equipped than many of its comparable cities around the country to avoid potential coronavirus recession. This is because "The Worcester metropolitan area is most heavily concentrated in jobs in manufacturing, health care and education." This comes in stark contrast to communities impacted the most who deal primarily with [...]
Worcester County Real Estate Update
Worcester County Home Sale Prices Continue to Rise, But Streak Could Be Ending The Worcester Telegram released news earlier this month that according to a new report, "home prices jumped nearly 4% and condominium prices climbed 9% over February 2019." This continues an ongoing month-to-month record breaking trend that we have been seeing recently, despite the current coronavirus Worcester real estate market concerns. The growth sees a jump in median home prices [...]
Worcester Office Space Market Update
Downtown Worcester Office Space In Demand The Worcester Telegram released a report yesterday that indicates the downtown Worcester office market is increasing in demand and "occupancy rates for downtown office space are on the rise." This is based off of a report issued by the Worcester Regional Research Bureau which came to the conclusion that since its last report in 2011, "Worcester has changed substantially". The report tracked important metrics such as [...]