What's happening in Leominster? We are seeing activity in the bottom end of the market (like everywhere else). However, there seems to be some activity close to happening in the upper end of the market as well. Overall we are seeing less Sold units (homes selling) than we have in 2007 (so far). Until we see units increase, the basics of Econimics tell me that we will not nbe seeing price increases anytime soon.
That being said, it is still a good opportunity to buy a home - as long as you are not looking at a 1 to 2 year time frame. If that is the case - RENT! Otherwise, the 'compressed market' accompanied with low mortgage rates (for those who can still get one) make this a real opportunity.
ZIP Code: 01453
Location Characteristics: Located less than an hour from Boston, MA, and even less time to the I-495 'Tech-belt' Leominster is one of the 1st affordable places within a reasonable commute to major employment areas.
This entry hasn't been re-blogged:
Re-Blogged By Re-Blogged At
Find what you need?
See More Blog PostsAbout Real Estate! SEE MORE NOW!