Fall River is home to Battleship Cove, the world's largest collection of World War II naval vessels, which houses the USS Massachusetts, the destroyer USS Joseph P. Kennedy, Jr., and the submarine USS Lionfish. Fall River hosts one of the biggest Portuguese-speaking communities in the US. Fall River has a diverse ethnic and economic community commited to progress while still maintaining the charm and traditions handed down by generations of European immigrants.
The Fall River real estate market is growing rapidly. New homes are being built in Fall River at a staggering
pace. Much of this Fall River real estate is built with foreign buyers in mind.
Currency exchange rates have made buying real estate in Fall River and the US
in general much more favorable in the last few years.
Over the last several month real estate prices in Fall River 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 Fall River 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 Fall River's real estate market remain sound
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