I am asked a version of this question each day. As a REALTOR in Western MA, it isn’t surprising that people come to me with this question, but it isn’t always an easy answer.
There are still a lot of changes in the housing, real estate and mortgage sector and these can be confusing to most people.
Today while driving to show a house, I listened to “On Point”, on NPR. Their interview with three authorities proves that real estate is local and that mainstream national media figures are not usually reflective of what is happening here for real estate in Western MA.
Most areas of Western MA were not driven as high during the boom. As such, they didn’t feel as much of the crash, either. There are, however, areas in Western MA that were heavily impacted with foreclosures. It pays to have a local expert who can discuss the facts as they apply to your home.
If you are curious about the housing market and what the future may hold, I recommend that you listen to this story…I found it very informative.
