March 2008

As veteran slugger and baseball philosopher Yogi Berra once said, this week it’s “deja vu all over again”. For the thrid week in a row our inventory remains steady at 480, with a few more homes (181 vs. 178) and a few fewer lots (299 vs. 302). Just like last ...

Spring arrived right on schedule this week with warm, breezy days and clear blue skies. The azaleas and wisteria are in full blloom, and even the crepe myrtle are starting to show signs of color. Let’s take a look to see if there were any signs of new life in ...

Beware the Ides of March. This week’s market meltdown on Wall Street, especially Friday’s free fall of Bear Sterns, has been a sobering experience and will, I fear, not bode well for our local struggling real estate market as investors and families alike are likely to turn to cash positions ...

March has certainly come in like a lion this week, with over three inches of rain and strong winds, gusting to 35 mph as I write. Let’s see if there’s any chance our real estate market is showing any sign of possibly roaring back into action. Still no significant change ...

I’ve heard a few things this week from friends and colleagues that caught my attention and have me wondering if they might be the early glimmering of daylight at the end of the tunnel for our real estate market here on the Cape. Two bankers told me that the lower ...