Great Point Properties Market News

Latest News

All Sales YTD

Resources

@INHERIT

 

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. 

Nantucket real estate market report chart - February 2012

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:


Nantucket real estate market report table - February 2012

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.

Nantucket

Frannie, Freddie to Start Paying Into Low-Income Housing Fund

Wednesday, December 17, 2014

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.

Source: www.bloomberg.com

Homeowners' Advice: Don't Invite a Christmas Burglary

Wednesday, December 17, 2014

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.

Source: realtytimes.com

Federal Reserve Says It Will Be "Patient" on Interest Rate Timing

Wednesday, December 17, 2014

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.

Source: www.nytimes.com

Traditional Charleston Townhome Gets a Modern Makeover

Wednesday, December 17, 2014

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.

Source: wallstreetjournal.com

Market Report Archives

GPP