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.
Tired of winter? Summer's coming — and the forecast for this summer is a good one, several in the hospitality industry said, with expectations running higher than last year.
For those in the market for jumbo mortgage, beware: New federal guidelines defining what a "safe" mortgage is could change the landscape for those seeking large home loans.
Federal Reserve Chair Janet Yellen said Tuesday that the largest U.S. banks might need to hold additional capital to withstand periods of financial stress.
If you feel like things are starting to cost a bit more, you're right. The Consumer Price Index (CPI) rose 0.2% in March, slightly higher than 0.1% economists had forecast. Year over year the CPI is running at 1.5%.
Voters took no action on what earlier in the year promised to be the most hotly-debated item on the 107-article warrant: Developer Phil Pastan’s proposal to exempt two properties along Old South Road from the 20,000-squarefoot cap on commercial-building size in the neighborhood.