Massachusetts Foreclosure Homes Lead August Sales

Sales of Massachusetts foreclosure homes dominated the real estate market last month. Home sales in Plymouth County rose last month, helped by foreclosure properties.

According to industry experts, the increase in home sales helped stabilize a housing market that has not experienced any positive activity since the start of this year. Experts are hoping that the increase in home sales is the catalyst that the housing market has been waiting for a long time now.

Many experts are cautiously optimistic about the current market situation which they described as stable. They believed that the market will remain in its current stable state if the federal government would extend the $8,000 tax credit given to first-time homebuyers.

By Cassiano Travareli