Saturday, July 15, 2006

OOPS...

I have been so busy this Spring and Summer dealing with the "busting bubble" that I haven't posted in months. I am sorry. However, I would like you to know that I'll do better.

The first half of 2006 turned out to be the best HALF YEAR in my company's history -- with over $160,000,000 in closed transactions. We did a total of $339,000,000 last year, so we are on pace to come close.

Personally, I have had my best first half of a year as well.

Interest rates have settled in around the 6.25% to 6.5% range. My thoughts on the market are that for the first time in five years the residential market is in "BALANCE". There are as many buyers as there are sellers. This is a good thing. There is no way Central PA could have continued the "boom" we had been experiencing. We just couldn't build houses fast enough.

Greg

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