Massachusetts Housing Info:

According to a January ‘13 report from the Warren Group, a Boston based real estate reporting company; the current median home price is $300,000, an increase of more than 12 percent from the previous year. The housing inventory dropped by 8.5 percent in December from the previous month and is now the lowest it has been in six years sitting at 1,820,000 units; this still offers many opportunities to find excellent deals on a rent to own house all across the state. While the state median has increased this year and home sales are the highest in six years, it seems like there is no better time to jump into home ownership and strike while the iron is hot in this diverse and historic state.

Massachusetts Economy:

The Massachusetts unemployment rate currently sits at 6.7 percent which is far lower than the current national unemployment rate of 7.9 percent. The state continues to add new jobs every month, adding 7,900 jobs in October ’12 and has regained 66 percent of its jobs lost since the recession of 2008. The rate of job growth makes this an exciting state to seek land ownership opportunities through rent to own or lease to own homes. Notable companies in Massachusetts include: Liberty Mutual Insurance Group, Staples, and Raytheon.

While the Massachusetts economy has largely been industrial, currently High Technology, Finance, and Trade are among its fastest growing economic sectors. The leading agricultural crops are currently cranberries, greenhouse, nursery, and vegetables.

Massachusetts Population:

The current population of Massachusetts stands at 6.6M according to the U.S. Census Bureau, an increase of 1.5 percent since 2010. A report in 2000 listed Massachusetts as the third most populated state in the U.S. Most of the “Bay” state citizens live in the Boston Metro area This area includes two of New England most populated cities Boston and Worchester. The other majority of Massachusetts residents reside in the Springfield Metro area while the rest of this state’s residents reside in the rural western part of the state or in the coastal towns. Great deals on rent to own homes can be found all across the state. According to a 2005 report 79 percent of Massachusetts population speaks English as their primary language. Currently 84.1 percent of the population is white, 7.8 percent is black, 9.9 percent is Latino, and 5.6 percent is Asian.