National Market Update, Jen O’Hanlon – Martha’s Vineyard

Jen Hawkins O'Hanlon, REALTOR®


We are seeing lower interest rates right now than we have seen since the beginning of 2018. Interest rates are also expected to remain low through 2022 according to authorities like Fannie Mae and Freddie Mac.

The low interest rates will help keep the economy stable and give buyers confidence to make a purchase. Lower interest rates means more buyers are able to qualify for a home.
So, if you’re thinking about selling, now may be a good time because there are more buyers who can qualify.

AND if you’ve been renting but thinking about buying, you should take note of the fact that rents have been on the rise for years and those prices are not going down.

With all of the talk of a recession, some people are on the fence as to what they should do. Interestingly though, housing prices actually went up in three out of the last five recessions, so waiting may not be the best strategy.

To conclude – with interest rates expected to stay low and rents going up, now is a great time to buy, sell or purchase an investment property.  
Please reach out to me with any questions, as I am always here to help.


As a team, we work in harmony for the benefit of our clients. We handle multiple transactions at once and are able to execute a complex marketing strategy by leveraging team resources. We can be in several physical locations at once to ensure showings are always possible for our buyers and sellers. Our clients benefit from the combined experience of our agents and administrative staff.

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