Cambridge is the fifth largest city in the state of Massachusetts. It was named in honor of Cambridge, England. Cambridge is most famous for the two prominent universities that call it home: the Massachusetts Institute of Technology and Harvard University. Cambridge has also been called the "City of Squares". Cambridge is also home to scores of museums and galleries, theaters and music venues, shopping districts, restaurants, and sports and recreational facilities, all of which add to the rich and diverse culture of the city.
The Cambridge real estate market is growing rapidly. New homes are being built in Cambridge at a staggering
pace. Much of this Cambridge real estate is built with foreign buyers in mind.
Currency exchange rates have made buying real estate in Cambridge and the US
in general much more favorable in the last few years.
Over the last several month real estate prices in Cambridge 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 Cambridge 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 Cambridge's real estate market remain sound
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