Waltham is commonly referred to as Watch City because of its association with the watch industry. The city stretches along the Charles River and contains several waterfalls. Waltham is also home to Brandeis University, Bentley College, and The Sports Authority Training Center, which serves a dual role as practice facility/offices of the Boston Celtics.
The Waltham real estate market is growing rapidly. New homes are being built in Waltham at a staggering
pace. Much of this Waltham real estate is built with foreign buyers in mind.
Currency exchange rates have made buying real estate in Waltham and the US
in general much more favorable in the last few years.
Over the last several month real estate prices in Waltham 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 Waltham 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 Waltham's real estate market remain sound
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