Martha's Vineyard Real Estate Market

A local paper asked me my thoughts on the local real estate market.  Here is one of the questions and my response.

What do you see ahead for 2012?  

Historically, the real estate market slows when there is a presidential election.  I definitely see that having an impact on the market.  Buyers and sellers will wait to see what the political climate will be.  The Federal Reserve will probably continue to hold borrowing rates/inflation lower and we’ll continue to see mortgage money in the lower ranges. 

Stay tuned for more questions and answers.  Remember, real estate is local - depends on where YOU are!