The Twin Cities Daily News Blog
Fitchburg and Leominster Mass Daily News.- What's going on with the Real Estate market, that it's making buyers, investors, banks, and real estate companies are shaking like they got stock in the cold Massachusetts winter. A couple years ago everyone was buying houses at the city of Fitchburg like there was no tomorrow, but now everything is changing, houses has been in the market for too long that prices starting to drop little by little. But a couple months ago prices drop more than 15% and their not stopping, look like the financial storm that hit the real estate market in the 80's it's trying to strike again.
For investors this represent a big problem, but buyers think their in heaven, that cause they haven't notice that when then prices goes down the interest rates goes up. That's the way this industry operates. If looking to buy a house where you are going to spend a few years, you're safe. But, if you are investing on houses for sale or rent you need to be very carefull and make sure you are following the market news and updates so you don't get gut on the storm...
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