GMAC stops buuying homes in MASS

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U.S. buyers are migrating from big cities like San Francisco and New York to locales like Grand Rapids, Michigan, and Melrose, Massachusetts. housing stock is luring buyers to these areas, where.

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GMAC Real Estate is closing 15 offices in Massachusetts and New Hampshire and laying off staff as home selling and shopping increasingly migrate to the Internet amid a housing slump. Many baby boomers are buying second homes, and their children – like many immigrants who have arrived in the last generation – are destined, in this view.

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GMAC Real Estate is closing 15 offices in Massachusetts and New Hampshire and laying off staff as home selling and shopping increasingly migrate to the Internet amid a housing slump.