Mortgage Rates Are Tumbling. Will Anyone in Mass. Benefit?
Massachusetts renters struggle to become first-time homebuyers, but the recent downward trend in mortgage interest rates will help the richest ones most if it continues.
Massachusetts renters struggle to become first-time homebuyers, but the recent downward trend in mortgage interest rates will help the richest ones most if it continues.
Some of Boston’s western suburbs and other parts of Massachusetts appear to be resisting last year’s national trend of rising luxury-home prices. And part of that could be due to the homes that were never offered for sale in the first place.
Luxury properties offer a barometer for the overall housing market. And rising optimism among luxury buyers could signal an overall thaw. But what do those high-end buyers want?
Pricey East Coast housing markets are nothing new to Theresa Hatton, who took over as the new CEO of the Massachusetts Association of Realtors this month.