Fixer upper listing properties might be selling for low prices, but most Boston residents prefer rental dwellings. The rental market is growing in the region.
The number of bank foreclosures and foreclosed HUD homes for sale has increased in Lynn in August, although in a much slower pace compared with other major areas of Massachusetts.
Foreclosed homes in Boston and in other cities and counties of the state continue to inundate the market, with August data showing increased number of foreclosures in various areas.
Sale of residential properties in Massachusetts, including pre foreclosures for sale, declined to its lowest level in 20 years. Home sales started dropping after the tax credit deadline.
Solving fixer upper homes for sale and foreclosed property problems will hopefully get easier in Massachusetts come March. Federal aid will be issued by then.
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