Wednesday, November 24, 2010

208 Cape Cod Way The Point

This European styled home recently closed for $2,500,000. Listed as having 6236 square feet puts it's price per square foot at $400. Sitting on the 15th fairway, the home has great wateerfront location.




 Bookmark and Share

Tuesday, November 16, 2010

Standard & Poor's analysts believe home prices will drop between 7% and 10% through 2011

From Jon Prior at HousingWire: S&P predicts more home price declines through 2011


Standard & Poor's analysts believe home prices will drop between 7% and 10% through 2011 ...

"Low mortgage rates ...influence on home buying activities has been limited due to the weak housing market and a lack of demand," S&P credit analyst Erkan Erturk said. ...

Prices will continue to be pressed down as long as the market works through a backlog of distressed properties that remains elevated. Bookmark and Share