Northampton real estate market will benefit from forecasted economic growth Reply

Noho4The economic growth of a community benefits the real estate market and such growth is on the horizon for the Pioneer Valley city of Northampton, according to the city’s new economic development coordinator Terry Masterson.

Northampton has a population of just under 30,000 people and already offers a wonderful mix of culture, restaurants, music venues, and shops, making it a great place to live and visit.  I always enjoy a visit to Noho.

“I think maintaining a dynamic downtown feeds quality of life, which strengthens the housing market and brings new talent into the workforce,” Masterson told the Daily Hampshire Gazette.

Of course, he is right.  The way a city or town chooses to grow impacts household transportation costs, infrastructure costs, and even how properties are taxed.   The more desirable a community, the more demand there is to buy a home there and home prices rise as a result of that demand.

The Gazette reported that there are a number of ways that Northampton will grow further in the coming years, as well.  This includes incorporating the city’s environmental initiatives and resources into revitalizing King Street, retaining manufacturing jobs, plans for two new hotels, converting the seasonal fairgrounds to a year round exhibition facility, and bringing back passenger rail service to the city.  All of these plans will complement Northampton’s commercial base and add to the appeal of living in Hampshire County’s largest municipality, which was also designated a Green Community in 2010.

Northampton is the home of the prestigious Smith College and where former president Calvin Coolidge practiced law and served as the city’s mayor before his father administered the oath of office to then Vice President Coolidge in his parent’s living room in Vermont upon learning that President Warren Harding died of a heart attack.  Writers Kurt Vonnegut and Sylvia Plath also once called Northampton home.   Northampton was also one of the sites of Shays’ Rebellion, which some historians claim made the drafting of the United States Constitution more of a priority.

If you are planning on selling or buying a home in Northampton or in other Pioneer Valley towns, make your first call to Michael Seward at 413-531-7129. Michael Seward has been selling homes in the Pioneer Valley for 10 years.  He is a Certified Residential Specialist, a Certified Buyers Agent, a Certified New Homes Specialist, and certified GREEN REALTOR®.

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