Over the past few weeks the economic outlook for real estate has improved in Western Massachusetts. As a real estate agent in Western Massachusetts for the past 23 years, I have seen a lot of change in the local real estate market. Park Square Realty has noticed a few key elements that will impact the real estate market in Western MA this Spring.
Mortgage rates have been at a lifetime low, but they won’t last forever. Over the past week the rates have been creeping up and it is probably time to ask your lender about a “rate lock” and start seriously hunting for your new home.
Rising interest rates could spur more activity in home sales in Western Massachusetts. As a home buyer this means you want to get out there quickly and get your dream home before the competition grows. If you are a home seller in Western MA then you want to get your house on the market now to try to be there when the buyers show up.
This January and February have been the best two months in winter home sales in the past five years.
Let’s hope these economic indicators are a sign of improvement in Western Massachusetts real estate!
| If you are looking to buy a home in Western MA or sell your Western MA home, I will help you make it happen!
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