Buying

Are you a year-round Martha's Vineyard resident thinking of buying a new home? /*! elementor - v3.11.5 - 14-03-2023 */ .elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading...

MARTHA'S VINEYARD

rates are beginning to come down—and buyers are starting to reenter the market. In fact, the latest data from the Mortgage Bankers Association (MBA) shows mortgage applications increased last week by 7% compared to the week before. And here on the Island, local banks like Cape Cod 5 have been publishing rates under 6% for a 30 year fixed loan.

Great Rock Bight Preserve, Martha's Vineyard Land Bank Property

LOCAL MARTHA'S VINEYARD MORTGAGE RATES VS THE NATIONAL AVERAGE

2023 Real Estate Predictions - The 2022 housing market was defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it's put the market into a reset position.

If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today.

MARTHA'S VINEYARD MARKET UPDATEA BUYER’S MARKET is when there are more homes available than buyers looking.A SELLER’S MARKET is when there are more buyers looking than homes available. How to determine if it is a seller's or buyer's Market. In general, it’s a seller’s market if inventory is adequate for 5 months (or less) worth of sales. If you have 5 to 7 months of inventory, you have a...

SHOULD I WAIT FOR LOWER INTEREST RATES?⁠The biggest misconception I hear about buying right now is that it’s smart to wait for interest rates to come down. ⁠⁠While I completely understand why you would ask yourself this question, the truth is you DON’T need to wait.⁠ you don't need to wait, you do need a trusted advisor to guide you What DO you need? If you know you’re ready to buy,...

Real estate has long been considered a solid investment for many reasons. It is a relatively safe and an easy way for people to build wealth beginning with a small amount of money. Here are some of the ways investing in property can help you build an investment portfolio: 1. Real estate investments can provide you with a reliable and steady cash flow. Investing in rental properties is smart as...