Newton is a suburb in Middlesex County, Massachusetts west of Boston. Newton was the nation's safest city during 2003, 2004 and 2005. Newton is home to Boston College and Boston College Law School. The Fig Newton cookie is named after the city.
The Newton real estate market is growing rapidly. New homes are being built in Newton at a staggering
pace. Much of this Newton real estate is built with foreign buyers in mind.
Currency exchange rates have made buying real estate in Newton and the US
in general much more favorable in the last few years.
Over the last several month real estate prices in Newton 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 Newton 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 Newton's real estate market remain sound
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