Phil McCabe
Phil McCabe
feeding inventory opposite today
One-year-ago I characterized it as a feeding frenzy, when there are too many buyers, not enough sellers. Today it's just the opposite the accumulation of inventory is growing.
faster period tend wealthy year
Naples is a very deep, very liquid, very wealthy market. And in Naples we tend to come out of this a little faster than they do nationally. And I see in Naples a two year period of correction.
ahead intend pursue sales site
We intend to go ahead with site construction this summer, but it does not make sense to pursue sales at this time.