Located twenty-five miles north of Boston, Lawrence, Massachusetts is truly a city of immigrants and industry. Known as the "Immigrant City", Lawrence has always been a multi-ethnic and multicultural gateway city with a high proportion of foreign-born residents. The Lawrence Heritage State Park and the Essex Art Center are some major tourist destinations.
The Lawrence real estate market is growing rapidly. New homes are being built in Lawrence at a staggering
pace. Much of this Lawrence real estate is built with foreign buyers in mind.
Currency exchange rates have made buying real estate in Lawrence and the US
in general much more favorable in the last few years.
Over the last several month real estate prices in Lawrence 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 Lawrence 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 Lawrence's real estate market remain sound
Whether you’re considering purchasing Lawrence Real Estate or refinancing
your existing Lawrence home, our direct lending partners feature just about
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