Massachusetts Housing Market Continues Its Comeback
Well, it appears that the housing market is likely stabilizing as Massachusetts home sales increased in November, which marks the fifth straight increase.
This information came from two organizations, which include, the Warren Group and the Massachusetts Association of Realtors.
Compared to November of last year, the Warren Group showed an increase of 59% in single family home sales, and 54% in condo sales. The Massachusetts Association of Realtors was reported to have received similar results.
These increases in sales are a lot higher than the past months likely as a result of the first time home buyer tax credit that was expiring. It turns out the deadline ended up getting extended by Barack Obama until the end of April and even expanded its scope.
With interest rates still low, low home prices, and the tax credits, there should be quite a bit of demand in upcoming months.
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