Brockton is the 6th largest city in Massachusetts. It is also known as the "City of Champions", mainly due to the success of native boxers Rocky Marciano and Marvin Hagler. Brockton started out originally as a small farming community and now has grown into an industrial - residential city. Brockton offers a great work force, favorable cost of living, good commercial and residential real estate rates, and a welcoming city government.
The Brockton real estate market is growing rapidly. New homes are being built in Brockton at a staggering
pace. Much of this Brockton real estate is built with foreign buyers in mind.
Currency exchange rates have made buying real estate in Brockton and the US
in general much more favorable in the last few years.
Over the last several month real estate prices in Brockton 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 Brockton 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 Brockton's real estate market remain sound
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