WSJ Says Now's the Time to Buy Vacation Homes

The Wall Street Journal has taken note of the increase in activity in upscale vacation homes like those here on the Cape. But their advice, and mine, is to go into it with a long view. In the early 2000's as the bubble peaked, it was a safe bet that if you needed to in under 5 years you could unload a piece of real estate and get all your money back and then some, but we're not seeing that kind of irrational appreciation today.The market is improving, but if you don't have a confident view of your own future over the next 10 years or so, it's best to wait until you do.

June Was a Busy Month!

Good grief, I can't believe I didn't publish a single post in June! It was a very busy month for my family and for Cape Cod real estate. Actually, judging by the real estate stats you wouldn't think I had much of an excuse. According to the Barnstable Registry June 2011 Recording Statistics that came out today, June was actually down  from May. However, this was preceded by three straight months of growth, a trend we haven't seen for two years. Still, we have fantastically low interest rates and bargain prices. With that and the summer population more than double that of the off-season, I'm predicting a busy July.