Local market activity is stable August through September. Monthly statistics that cover the towns of Dartmouth, Fall River, Little Compton, RI, Somerset, Swansea, Tiverton, RI, and Westport reveal a total of 139 residential properties went under agreement from 09/01/2010 through to 10/01/2010 with a median and average sale price of $204,450 and $250,345, respectively. September's activity marks only a very slight increase over the volume of residential pending sales realized in August 2010 that came in at 132 properties for the same coverage area. August recorded a median and average sale price of $209,900 and $248,932.
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Foreclosed homes permeate the American landscape. According to data from the Massachusetts Institute of Technology (MIT), they make up about one in 12 houses with under $1 million left on the mortgage.
These foreclosures drive down home prices, and MIT gives two reasons for their depreciating effect – because foreclosed homes add to the housing supply and because the financial firms that acquire the houses want to unload them promptly. Full Article For Sheri Ponte, a career in real estate is not only interesting, but a good fit with her busy life. She’s been a Realtor with the Kinnane Group Inc., with offices in Fall River and Tiverton, for the past three years."I like the flexibility of not having to go to a job every day," Ponte said. "It’s not full-time if I don’t want it to be."
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