Well here we are getting ready to wrap up a great year! Despite an earthquake, Hurricane Irene, and an early snow storm- it was a great year. The Real Estate market was active at the beach when the reported news of the worlds economy was good, and would slow down when the news took a down turn. We all can deal with a good or bad market economy, but not when the reported news changes daily. So we all sit back and wait for a steady direction to take place so we can make our decisions. We must remember that news is a business, and bad news sells better than good news, that is why it is reported that we have 9% unemployment-instead of reporting we have 91% employment. Or keying on the number of foreclosures, the percentages quoted are always the hardest hit areas of the country. For example, Ocean Citys forclosure rate as of this writing is just above 1%, that means nearly 99% of the owners are making their mortgage payments. I don't want to make light of those suffering with being out of work, or not being able to make their mortgage payments, for the majority this is a real life crisis. I just don't understand how there is 14% of available jobs in the marketplace that are unfilled! It isn't just us small investors waiting, since most corporations and banks are sitiing on gigantic sums of cash just ready to jump back into the markets.
Enough of that, the main event for Ocean City this month is the Winterfest of Lights celebration throughout the Town, with Northside Park @ 136th Street being the focal point with the Tram rides, Santa photos, Hot Chocolate, and thousands of lights in the displays. We like to go to the opening event where the school age children sing Carols, then the Mayor lights the Tree and all of the displays all at once. Have a very Merry Christmas and ENJOY your families!
