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.
Fannie Mae and Freddie Mac (FMCC) will start making payments that could total hundreds of millions of dollars annually into a fund for affordable housing.
If you're a fan of classic Christmas movies like Home Alone, you know what can happen while you're gone for the holidays. Empty homes are targets for burglars looking for gifts of electronics, jewelry, and other fenceable merchandise.
Janet L. Yellen, the Federal Reserve chairwoman, said Wednesday that the Fed still plans to start raising interest rates next year, but it will be patient and does not expect to begin the process any earlier than April.
Along the cobblestone streets of the historic district of Charleston, S.C., on an early morning this fall, the gas lanterns that flank many front doors flicker. A cold breeze off the Cooper River ripples the American flags that dot the neighborhood and a light fog obscures the pink, green, yellow and blue facades of the city’s iconic Rainbow Row of 18th-century homes.