Fewer foreclosure petitions in Massachusetts for November

According to the Warren Group, there have been much fewer petitions for foreclosures in the state of Massachusetts in November. The numbers, which spiked in October, have eased off this month. That is welcome information for the real estate industry. Read the full article on Boston.com.

Also, there has been an increase in activity in real estate sales in the city since the presidential election. “Buyers are pulling the trigger if they see value,” says Kerry Dowlin. “We are definitely seeing some very promising movement at all price ranges.” Dowlin and her colleague, Danielle Bing, just listed three renovated condominiums with modern finishes in Dorchester’s Boston Street neighborhood. The development by New Boston Ventures has been very well received. “We had a tremendous turn-out at the launch event – showing that there is demand for quality homes at the right price.”

For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.