Young people are not entering the ownership class like they were in the past and older owners are selling in favor of renting, the study says. And though tenants’ income levels have not kept pace, demand for rental property has driven up rents.  Ed Murphy, CEO of WeRentCentralMass, a Worcester-based listing and rental company, said he has certainly seen those trends here. Murphy said that a three-bedroom apartment in Worcester was renting for around $800 per month three years ago. That rent has now risen to around $1,100.  CLICK TO READ FULL STORY

Nine weRENTcentralmass agents volunteered at Worcester Boys & Girls Club Kid's Cafe tuesday night.  Those who volunteered - Roger Thornburg, Jackie Painchaud, Sabrina Courville, Pamala Andrade, Jessica Leone, Ray Karkman, Sabrina Courville, Stephanie Cavalleri, Sean Libbey and Edward Murphy. Kid's Cafe of Worcester is a program designed to insure that children do not go hungry by providing nourishing evening meals to inner-city, at-risk children... CLICK TO READ FULL STORY!

The yawning gap between commercial and residential tax rates in Worcester has long been a point of contention for the business community.  Edward Murphy, CEO of the residential leasing company weRENTcentralmass.com, said he’s unhappy that the city would even discuss changing large buildings’ tax classification.  He said some property investors from Greater Boston and MetroWest have just entered the Worcester market over the past year and a half, and... CLICK TO READ FULL STORY!

 “In general, the $1,600 to $3,000 [a month] rental in Worcester was pretty much nonexistent even a year or two years ago,” said Edward Murphy, CEO of WeRentCentralMass.com. “Now it’s a very active market in the city.”  Murphy said many people who might otherwise be interested in buying a home have lost confidence in the real estate market and are waiting to see whether prices have hit bottom. And he said there’s a whole new market in... CLICK TO READ FULL STORY!

The Worcester Sharks’ youth hockey equipment giveaway on Sunday was a huge success, according to Eric Lindquist, the team’s director of public relations and broadcasting.  The event, held in the lobby of the DCU Center, was attended by about 100 youth hockey families who received free hockey equipment courtesy of the Sharks and weRENTcentralmass.com.  According to Lindquist, more than $10,000 worth of hockey equipment was given away... CLICK TO READ FULL STORY!

Over $10,000 of hockey equipment will be given away for free courtesy of the Worcester Sharks and weRENTcentralmass. Slightly used hockey gloves, skates, helmets, and pads will be available for all youth hockey families.  "weRENTcentralmass.com feels that it is important to give back to the community", said CEO of weRENTcentralmass.com Edward Murphy. "We are excited to partner with the Sharks for this great event... CLICK TO READ FULL STORY!

Mr. Murphy said there is a low supply of high-end one- and two-bedroom apartments in the city and surrounding communities.  “When we get apartments like that, they go quick. There's a lot of people who work at places like UMass and Babcock Power that would take them. The only other option is a big complex, like Plantation Ridge... CLICK TO READ FULL STORY!

Edward Murphy, chief executive of the realty company, said that he hopes to work with LACCM to fight housing discrimination.  “Our organization has not, does not and will not discriminate,” Mr. Murphy said yesterday in a telephone interview. “We have a reputation of opening our doors to any member of the community looking for housing, and we will continue to do so... CLICK TO READ FULL STORY!