Is It Still Happening in ‘the Woo?’
Worcester County’s housing market used to be the darling of the Massachusetts real estate. But the same slowdown that’s restraining the Boston-area market seems to be dragging “the Woo” down, too.
Worcester County’s housing market used to be the darling of the Massachusetts real estate. But the same slowdown that’s restraining the Boston-area market seems to be dragging “the Woo” down, too.
Rockland Trust Bank has opened a new branch in Westborough, giving the bank eight branches in Worcester County and 123 branches overall.
Rockland Trust Bank opened its second retail branch in Worcester last week as part of its ongoing expansion in Central Massachusetts.
While homebuyers will be able to keep up with rising Massachusetts home prices, lenders may be able to extend their growing refi business, too.
Low inventory and record prices for property in Greater Boston fueled major growth in total sales and median sale prices for single-family homes in communities in Worcester, Bristol and Essex counties during the first seven months of 2019.
The Greater Worcester economy decreased at a 0.9 percent annualized rate during the second quarter of 2019, according to the latest update of Assumption College’s Worcester Economic Index.
The parent company of Randolph-based Envision Bank is coming off its best quarter since 2017 and since the bank rebranded from Randolph Savings Bank, attributing the success to moves it has made in its mortgage division.
Over the last few years, Lynn and other Gateway Cities have been on an upward trajectory, with arts and other investments in their downtowns. And their value proposition isn’t going unnoticed by hopeful homebuyers of many stripes.
The Massachusetts real estate market is poised for another seller’s market across large swaths of the state this spring – as long as sellers keep their expectations in check and don’t ask for overly high prices, market-watchers say.