Carroll & Vincent Real Estate is proud to be the winning bidder on the dream below …

! … YOU will go behind the scenes at CBS
for a tour of its studio, then
experience four hours with
EVENING NEWS REPORTER
MICHELLE MILLER, Edward R.
Murrow Award winner and
National Sports Foundation
Woman of the Year. Michelle
Miller is one of the select African American
journalists who have made an impressive mark on
news reporting from coast to coast. She currently
serves as New York-based correspondent and fill-in
anchor for CBS News, and works on a variety of
programs including the CBS Evening News with
Katie Couric, The Early Show, and CBS News
Sunday Morning.

Thank you to all who help support Martha’s Vineyard Community Services and all that they do.

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.07 percent with an average 0.6 point for the week ending April 15, 2010, down from last week when it averaged 5.21 percent. Last year at this time, the 30-year FRM averaged 4.82 percent.

The 15-year FRM this week averaged 4.40 percent with an average 0.7 point, down from last week when it averaged 4.52 percent. A year ago at this time, the 15-year FRM averaged 4.48 percent.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.08 percent this week, with an average 0.6 point, down from last week when it averaged 4.25 percent.  A year ago, the 5-year ARM averaged 4.88 percent.

The 1-year Treasury-indexed ARM averaged 4.13 percent this week with an average 0.5 point, down from last week when it averaged 4.14 percent. At this time last year, the 1-year ARM averaged 4.91 percent.

“After rising for four consecutive weeks, mortgage rates eased back to where they were two weeks ago and still remain historically low,” said Frank Nothaft, Freddie Mac vice president and chief economist. “The Federal Reserve (Fed) indicated in its April 14th regional business survey that consumer prices generally remained level and producers had difficulty passing along increases in some raw materials. This will likely keep inflation at bay as evidenced by the 1.1 percent growth in core consumer prices for the 12-months ending in March 2010, which was the lowest annual increase since January 2004.”

“Low mortgage rates continue to help stabilize the housing market. The Fed noted that residential activity increased while home prices were stable across most of its 12 Districts over the six weeks prior to April 5th. In addition, credit standards remained generally unchanged across the nation, while credit quality was mixed according to the report.”

More good news for the residential housing market.  Warren Buffett (The Oracle of Omaha) wrote in his annual letter to Berkshire Hathaway shareholders on February 27, 2010, that:

  “Within a year or so, residential housing problems should largely be behind us.  Prices will remain far below ‘bubble’ levels, of course, but for every seller or lender hurt by this there will be a buyer who benefits.  Indeed, many families that couldn’t afford to buy an appropriate home a few years ago now find it well within their means.” 

He is predicting that the demand for affordable homes will catch up with the excessive supply that has decimated prices over the last three years. 

I am a big fan of Warren Buffett.  Did you know that back in 1965, when he took control of Berkshire Hathaway, shares of Berkshire traded around $15. 
Today, shares of Berkshire class A stock  trade around $123,000 per share.  He is a proponent that you buy an asset when it’s below its intrinsic value.  His results speak for them self. 

Cabin fever has hit Martha’s Vineyard and it was a time for a road trip to Boston to see the Celtics in action. With brother Steve Joyce along for the trip you knew business talk of selling house’s in Edgartown would come up in conservation. I told him of the recent rentals in Edgartown that have been making the town come alive. It seems people are looking to get back to normal and make summer plans again.

For sale 1985 22 foot Boston Whaler outrage. Comes with 2005 200hp 2 stroke Yamaha engine low hours. Comes with Garmin 250 high resolution sonar depth/fish finder as well as Garmin GPS. Includes all miscellaneous boat equipment that is on board. Also boat trailer for in and out of water. Asking $20,000

Call Jim Joyce 508-627-4080 x 13

1965 Galaxie 500 Convertible 56,000 original documented miles Original interior Original matching numbers engine, transmission, drive train -260 cubic inch six cylinder engine All original body panels, chrome Bahamas blue with matching blue interior Original top, and boot

Invisible stealth professional compact disc audio system installed at Sony Technology center Park Ridge New Jersey.

Appraised at $25,000.
Asking $24,000.

Winter finds Edgartown harbor asleep with not a boat in sight. It will not be long before the Vineyard summer season is here and the harbor will come back to life. Now is the time to find your Vineyard summer rental in Edgartown, South beach or the Katama area before they are all gone. Edgartown summer homes rent from $2,000 a week to $20,000 a week it all depends on what you want and where you want it to be. The best summer real estate rents first so rent early and rent often. We do not care where you rent Oak Bluffs, Chilmark, Tisbury, Aquinnah we have the whole Island Real Estate covered.