Home Sales Up in Foxborough
New numbers show positive developments for Foxborough's real estate market
A review of the Multiple Listing Service for Foxborough in 2010 shows that there were 109 sales of single family homes of which 12 were bank owned and four were short sales. Presently there are 59 single family homes on the market of which three are bank owned and five are shown as short sales. Many real estate professionals do not believe the market has finished its downswing at this time, and Foxborough may continue to see home prices continue to decline for the foreseeable future. However, home mortgage interest rates continue at all time lows and that should continue to buoy home sales. Short sales, where properties are sold for less than amount of the mortgage debt on the property, are expected to continue to increase in the near …
In this Article:
