Springfield Was the Hottest Market in Nation in July
The Springfield, Massachusetts area was the hottest housing market in the nation in July, according to Realtor.com.
The Springfield, Massachusetts area was the hottest housing market in the nation in July, according to Realtor.com.
Springfield and Worcester real estate leaders are flattered that their areas are expected to be among the top performing housing markets in the U.S. in 2024. The only problem: They’re not sure either market is up to the job.
Some experts expect the nation’s housing markets to begin a long, grinding climb-out next year from the multi-year inventory dives they’ve been on since 2020, but two Massachusetts markets are expected to be top performers.
Prominent economists across the real estate world are turning out their predictions for the new year, and some have New England markets in their lists of top performers for 2023. But uncertainty over the economy’s direction has created an unusually broad spread among this season’s forecasts.
Massachusetts’ four major urban regions east of the Berkshires were short nearly 90,000 homes to meet current residents’ needs right before the pandemic, a new study claims.
Greater Boston grew its housing stock at by 6.2 percent over the last 10 years, according to new Census Bureau data analyzed by apartment rentals website Apartment List, but it wasn’t nearly enough to accommodate job growth over the same time period.