A FAST START
The first 2 months of 2012 are off to a very positive start. Nantucket real estate sales have expanded 47% in transactions and 64% in dollar volume over the same time period of 2011.
Although it is a bit early to suggest this will be harbinger for the entire year it is a heartening sign. In addition there are some other metrics that point to an improving market. This chart is a snap shot through the end of February:
Over the last 2 years inventories are down and contracts and sales up. As result the pace of price reductions has slowed. All these factors point to an improving sales market. Today Buyers still have a great opportunity to buy. If the above trends continue, that window maybe closing.
It’s a good time to check the rate on your home mortgage, because you might save money by refinancing. For that, American homeowners can thank British voters, central banks in Europe and Japan, and a global economy that just can’t get out of first gear.
If you're thinking about selling your home, you may be stressed out about all the things you need to do to get it market ready, and all the costs associated with those updates.
Home prices have hit record highs in some major U.S. metropolitan areas, and house-flippers are behaving like it’s 2005: It’s no wonder people are chattering about another housing bubble.
It felt like a reunion inside the TriBeCa cocktail bar in Manhattan where a crowd of 50 or so young professionals mingled.
Nantucket Cottage Hospital cleared a pair of significant hurdles this week in its push to build a new $89 million healthcare facility between Prospect Street and Vesper Lane, receiving approval for the project from both the Historic District Commission and Planning Board.