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Boston Massachusetts
Boston is the capital of Massachusetts. Founded in 1630, Boston is one of the oldest, wealthiest and most culturally significant cities in the United States. Boston shares many cultural roots with greater New England, including a dialect of the Eastern New England accent known as Boston English, and a regional cuisine with a large emphasis on seafood and dairy products. The weather in Boston, like much of New England, changes rapidly. The Freedom Trail, Faneuil Hall and Quincy Market are its most famous tourist spots.
Boston Real Estate
The Boston real estate market is growing rapidly. New homes are being built in Boston at a staggering
pace. Much of this Boston real estate is built with foreign buyers in mind.
Currency exchange rates have made buying real estate in Boston and the US
in general much more favorable in the last few years.
Over the last several month real estate prices in Boston has begun to soften
a bit. The softening market has prompted some sellers to increase incentives
to sales agents and buyers, ranging from increasing sales commissions to
reducing pricing. Many believe this presents an opportunity to scoop up
hot Boston homes at reduced prices.
The reasons for the cooling market include mortgage rates than are beginning to move higher, a temporary oversupply of homes, and the property tax consequences of moving to a new home. Many experts and market watchers say the fundamentals underlying Boston's real estate market remain sound
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