Page 12 - Martin Downs Bulletin - August '23

Page 12, Martin Downs

art HappeninGs

Summer Salon’s Smash

Opening At Martin Artisans
Guild

By Jackie Holfelder
The Martin Artisans Guild
hosted the opening of the
sixth annual Summer Salon,
as well as the beginning of
their third year in the current
location with a smashingly
successful soiree on July 5. Laura-Kay Whiticar Darvill Sue Klahne and Dinija
The exhibit features 24 of and Dot Galfond Berkien Danuta Rothschild Michaelann Bellerjeau
the guild’s artists with 48
originals in the main gallery. reaL estate
A crowd of more than 125 Tom Prestopnik
people attended, enjoying
the new artworks, appetizers, music and a cash bar.
There were four red dots by the end of the evening, Treasure Coast Real Estate homes for sale. This low inventory, plus high demand for
meaning four sales by guild artists. It was a super way to kick homes, is causing home prices in Florida to continue to rise.
off another year at the Palm Room Art Gallery and Artisans Report Those buyers waiting for interest rates or prices to go down
Boutique at 3746 S.E. Ocean, Harbour Bay Plaza, Stuart. are simply getting further behind.
To learn more, visit www. Near 7 Percent Mortgage Rates Will Likely Other buyers are buying now, even if their mortgage is close
martinartisansguild.org. Be Around For Awhile to 7 percent. It is likely that these buyers will see the value of
Photos by their new home go up. It is also very likely that mortgage rates
Danuta Rothschild By Jim Weix will go down in the future. When that happens, these buyers
When I bought my first can re-finance their mortgage at a lower rate. However, you
house in 1971, I had a fixed can’t do anything but watch if you don’t own a home.
rate 30-year mortgage at 7 Granted, higher mortgage rates may prevent you from
percent. My friends laughed buying your dream home. But rather than sit on the sidelines
at me and told me about their and lose, adjust your view of your dream home.
4.75 percent adjustable-rate Buy something that you can afford. At least you are in the
mortgages. About 10 years game.
later, when mortgages were Feel free to call me if you would like to discuss your
at 18 percent, my friends options. I can be reached at (772) 341-2941 or jimweix@
were losing their homes, but jimweix.com.
Jane Baldridge and Jeff my payment stayed the same. Jim Weix is a broker associate with The Keyes Company.
Nancy Turrell Fisher Now we have a different situation. Presently 61 percent of Jim has 25 years of experience selling real estate full time.
mortgages are below 4 percent. A lot of these homeowners If you have questions or want the services of an experienced
aren’t willing to sell, and buy another home with a higher expert, you can reach Jim at (772) 341-2941 or jimweix@
mortgage rate. This is contributing to a low inventory of jimweix.com.

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