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  • 30-Year Fixed Mortgage Rate Hits 5.25%

    30-Year Fixed Mortgage Rate Hits 5.25%

    (PHOTO) Home at 11 Campello Rd., Framingham, MA
    Homes such as this Framingham, MA single family ranch have more than doubled in value in 10 years.

    FRAMINGHAM, MA — The cost of everything from home heating fuel, to gasoline, food and other commodity items have been on the rise. Several economic indicators have hit records in the past year or two — and for those who have been on the fence in regards to buying a home in the past year, the bad news in that the 30-Year Fixed Rate mortgage increased more than 46% in the past year.

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  • Framingham Foreclosure Real Estate Auctions

    Framingham Foreclosure Real Estate Auctions

    (PHOTO) Home at 11 Campello Rd., Framingham, MA
    This home at 11 Campello Rd. is slated to be sold at Public Auction September 29, 2011.

    FRAMINGHAM, MA – Due to economic conditions, more owners of residential real estate than usual are facing foreclosure.

    While some properties sold at Public Auction can be purchased below market value, buyers should be aware that many times such properties have been neglected, and in some cases have been damaged or had items such as plumbing fixtures, copper heating pipes and other items removed.

    In general, property purchased at foreclosure auctions should be examined even more closely than property sold on the normal residential real estate market.

    In addition to structural or cosmetic problems, (more…)

  • April 2011 Residential Real Estate Sales

    FRAMINGHAM, MA – A total of 42 residential properties were sold in the town of Framingham, MA during the month of April, (2011).

    Thirty one single family homes, nine condos, and two multi-family homes were sold in town during the month.

    Of the single family homes sold, the average list price was $367k and the realized selling prices averaged slightly less at $355k.  The homes had an average time on the market of approximately 4-1/2 months, (132 days).

    The two multi-family homes which sold both had 14-rooms divided among 3-units, and were both located in the Waushakum Pond area and closed only days apart.  The first,  at 16 Eames Street had been on the market for nearly a year and a half, (511 days), and was listed at $449k and sold for $360k.  A similar 3-unit, 14-room multifamily at 83-85 Winthrop Street was only only the market for (44) days, listed at $399k and sold for $370k.

    Nine condominiums were sold in Framingham during the month of April. The average list price for condos was $125k, and the average selling price was slightly lower at $122k.  At the extreme ends of the condo sales, a 2-room, 1-bedroom, 1-bath unit on Beaver St sold for $37k, while a 5-room, 2-bedroom, 2-bath unit at 1500 Worcester Road sold for $205k demonstrating the wide range of properties available in the Framingham condo market.

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