Yeh! If these recommendations can be implemented it will be just what the housing market has needed to stimulate a recovery. I know the process can be long and arduous, but I applaud the efforts of those trying to make it happen, and we need to lend them our support.
There was a business roundtable held that was chaired by the Realogy CEO, Richard Smith, and comprised of chief executive officers of leading U.S. corporations. On June 10th, 2009, this group issued a set of recommendations for the White House and Congress, that are aimed at jumpstarting the housing market in order to stimulate a broader economic recovery.
Their recommendations are as follows:
*Keep mortgage interest rates at historically low levels (below 5%) for at least one year;
*Expand the current First-Time Homebuyer Tax Credit incentive from the lesser of 10% of the purchase price of the home or $8000 to a higher limit of either 10% or $15000 for ALL homebuyers, and remove the income restrictions and include all primary residences for one full year;
*Conduct a thorough review of current foreclosure mitigation and loan modification programs in light of rising loan modification re-default rates;
*Make permanent the current temporary conforming loan limits;
*Continue to review and strengthen government efforts already underway to review and refine mortgage lending practices.
This group believes, and I agree, that targeted, demand-side solutions will provide a critical next step for a housing recovery that will help create jobs and boost the economy as a whole.
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After last weeks' spike in interest rates, we thought we would see a pullback. That was not the case... in fact, rates pushed a bit higher. Bankrate's national survey had 30yr fixed rates averaging 5.65% and 15yr fixed rates average at 5.06%.
Has the mortgage rate boat sailed too far from shore for those still looking to purchase? Absolutely not! This time last year, Bankrate's national survey averaged 6.26% for 30yr fixed. The problem is borrowers become fixated on what they could have had a few weeks ago. It's irrational to continue thinking that way because there is nothing that can be done to change the situation. The logical approach is... where do I go from here? NAR (National Association of REALTORS) reports pending sales increased 6.7% in April, the biggest jump in 8 years. Factory orders rebounded .7% after a decline of .9% the month before. The U.S. lost fewer jobs than was forecast in May - 345,000 the least in the past 8 months. All this could be signs that the deepest recession in half a century is abating. The point is... we should make decisions based on the reality of the current situation forward. There is nothing we can do about last week's mortgage rates. We can only consider rates from this point forward... which are still excellent! The same decision applies to home prices. Many people who want to sell are anchored to the price at which they bought... even if it has no basis in economic reality. And the reality is... prices are darn low, which is why we think potential buyers shouldn't wait too long to pull the trigger... lest they suffer the same fate that many borrowers are! EVERY MARKET'S DIFFERENT, CALL A REALTOR® TODAY. Call KEVIN or MONICA MCNAMARA for more information.
877-480-7653 / 410-524-6111
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GREAT BUYS AT THE BEACH   #12H Harbour Club #105 Oceanwalk
120th St - Bayside 118th St - Oceanfront
2BR/2BA 1BR/1.5BA
Indoor/Outdoor Pools Direct Beach Access $ 289,900 $ 254,900 |
I spent the day Sunday on the beach at Assateaque Island just south of Ocean City, Maryland on the Delmarva Peninsula.
It's just beautiful. The ponies of Assateaque will walk right up to you on the beach. You are not supposed to feed or touch them since they are wild ponies, it's kind of hard to resist though.
Assateaque beach does have lifeguards, so you can swim in protected areas. There is also short and long term camping facilities. Many an evening I have spent further south on the Island on the part where 4 wheel drive vehicles are allowed on the beach. Big bonfires, grills a going, music blaring and lots of friends. We have a blast.
It's also pretty cool to drive onto the beach during the day, bring your fishing poles, all your stuff to stay for the day, and hang out until dark for bonfire time.
The quality of life here on the Eastern Shore is second to none. I am very blessed.
It's time again this year to enjoy some of the fine restaurant's Ocean City has to offer in this week long culinary experience. From May 31, - Jun 7, 2009, many spectacular restaurants will offer a special fixed-price three course dinner menu for just $30 and/or a two course menu for $20.
Come on down to the beach. Soak up the sun, walk the boardwalk and have some great meals! Bon appétit,
You don't have to get a ticket or a coupon to participate. Visit www.OceanCityRestaurantWeek.com for more information.
| Restaurant: | Address: | Phone: | Menus: | Chef: |
| 32 Palm - Hilton Suites | 3200 North Baltimore Avenue, Ocean City, MD 21842 | 410-289-2525 |  |
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| BJ's on the Water | 75th Street on the Bay, Ocean City, MD 21842 | 410-524-7575 |  |
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| Embers Restaurant | 24th & Philadelphia Ave., Ocean City, MD 21842 | (410) 289-3322 (888) 436-2377 |
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| Fresco's Fine Dining | 82nd St. on the Bay, Ocean City, MD 21842 | 410.524.8202 | |
Pino Tomasello |
| Galaxy 66 Bar & Grille | 66th Street & Coastal Hwy, Ocean City, MD 21842 | 410-723-6762 | |
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| Happy Jack Pancake House | 25th & Coastal Hwy, Ocean City, MD 21842 | (410) 289-7377 | |
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| Harpoon Hanna's Restaurant & Tiki Bar Make A Reservation Now. |
142nd Street on the Bay, Ocean City, MD 21842 | 800-227-0525 | |
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| Harrison's Harbor Watch Restaurant & Raw Bar | Boardwalk South Overlooking the Inlet, Ocean City, MD 21842 | 410-289-5121 | |
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| Hemingway's at the Coral Reef | Located in the Holiday Inn Hotel & Suites - 17th St. & Ocean, Ocean City, MD 21842 | 410-289-2612 | |
Ron Brobst |
| Horizons Oceanfront Restaurant - Clarion Resort Hotel | 101st Street on the beach, Ocean City, MD 21842 | 410-524-3535 800-638-2100 |
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Alain Carrette & Robert Bedell |
| J/R's Ribs | locations at 62nd Street & 131st Street, Ocean City, MD 21842 | (410) 524-7427 and 250-3100 | |
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| Jules Restaurant | 118th Street & Coastal Hwy in the Food Lion Plaza, Ocean City, MD 21842 | 410-524-3396 |   |
Julius Adam Sanders |
| Macky's Bayside Bar & Grill | 54th & Coastal Hwy, Ocean City, MD 21842 | 410-723-5565 | |
Michael |
| Marlin Moon Grille | 12806 Ocean Gateway - in the Francis Scott Key Main Lodge, Ocean City, MD 21842 | 410-213-1618 1-866-213-DINE |
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Gary Beach |
| Olive Tree Restaurant | 127th Street & Coastal Hwy beside Holiday Inn Express, Ocean City, MD 21842 | 410-250-8008 | |
The Olive Tree Family |
| Phillips By The Sea Restaurant | 1301 Atlantic Avenue, Ocean City, MD 21842 | 410-289-9121 800-492-5834 |
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| Phillips Crab House | 2004 Philadelphia Ave., Ocean City, MD 21842 | 410-289-6821 800-549-2722 |
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| Phillips Seafood House | 141st Street & Coastal Hwy, Ocean City, MD 21842 | 410-250-1200 | |
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| Reflections Restaurant | 6600 Coastal Hwy, Ocean City, MD 21842 | 410-524-5252 800-837-3588 |
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| Ristorante Antipasti | 31st & Coastal Hwy, Ocean City, MD 21842 | 410-289-4588 | |
Fausto DiCarlo |
| Seacrets | 49th & the Bay, Ocean City, MD 21842 | (410) 524-4900 | |
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| Season's in The Carousel | 11700 Coastal Hwy., Ocean City, MD 21842 | (410) 524-1000 (800) 641-0011 |
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| Sunset Grille | 12933 Sunset Avenue West Ocean City, Ocean City, MD 21842 | 410-213-8110 | |
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| The Bonfire Restaurant | 71st St. & Coastal Hwy, Ocean City, MD 21842 | 410-524-7171 | |
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| The Hobbit Restaurant | 81st Street overlooking the Bay, Ocean City , MD 21842 | 410-524-8100 | |
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| The Shark on the Harbor | 12924 Sunset Ave. (on the commercial fishing harbor), Ocean City, MD 21842 | 410-213-0924 | |
| Legend: | |
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- dinner menu available |
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- lunch menu available |
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- brunch menu available |
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- menu available for an extended period of time |
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- wine flight available |
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- entertainment available |
It is Memorial Day. Which is the unofficial start of the summer season, and what would summer be without crabs... delicious Maryland blue crabs that is.
I "banged" the hugest crabs I have ever seen yesterday. They weren't large, they weren't extra large, they weren't jumbos...they were so big they're called MONSTERS. I swear from claw to claw they were 15-16 inches. Super meaty with jumbo lump backfin crab meat. Oh my.
It is always interesting to have someone at the table that has never seen anyone do this before. The concept of throwing these weird looking crustaceans out on the table (straight from a brown paper bag), and start hacking into their bodies with mallets and knives will always get you a strange look from a newbie. I love their reactions.
When my kids were youngsters I couldn't get them to eat crabs. Now that they are older and realize what a delicacy they are, they want to sit on the back porch and bang crabs whenever they come home. The same goes for lobster. It's amazing how they love the more expensive stuff now. What's not amazing is that they still look to Mom and Dad to pay for it. (Some things never change).
Oh well...I hope that you and yours created some of you own fond Memorial Day memories this year. As always, let's not forget why we celebrate this Holiday. At 3:00pm, your local time, take a moment of silence to remember those who fought so hard for our freedom.
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I love selling real estate. I've been doing it in the Ocean City Maryland area and lower Delaware for almost 25 years. The beach and the boardwalk are my home. I want others to experience the beauty.
OCEANFRONT PROPERTIES
ATLANTIS CONDOMINIUMS - 103rd St on the Oceanfront: Choose from available efficiencies, 1BR+Den or 2BR condominiums with views of the ocean, beach and/or the bay! Direct oceanfront building with the exterior recently rennovated including all exterior windows. Great beach getaway with oceanfront Olympic sized outdoor pool, in-house management and on-site security. Convenient to shops and restaurants. Call or e-mail KEVIN & MONICA MCNAMARA for more infomration. ***BEST BUY on the beach !!!*** For more information, please call or e-mail KEVIN & MONICA MCNAMARA today !!! 877-480-7653
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OCEANSIDE PROPERTIES
#403 AVALON - 140th St / Oceanview: Spacious and roomy! Large 3BR/3BA condo with expansive balcony offering a view of the ocean and bayside views. Beautiful interior that include custom paint and lovely mural in the dining area. Great rental income producing property. Located in North Ocean City and just steps to the beach! For more information, please call or e-mail KEVIN & MONICA MCNAMARA today !!! 877-480-7653
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BAYSIDE PROPERTIES (includes Bayside Waterfront Properties and Bayside Non-Waterfront Properties)
#715 East of the Sun - Fenwick Island, DE: First floor 2BR/2BA condominium overlooks a canal from private screened porch. Enjoy bay views from the 2nd bedroom and from your front door. Short walk to the community pool & tennis court and nearby restaurants. Recently installed tile & hardwood floors, appliances, kitchen counters, fans, and light fixtures. Outside storage. Priced to sell !!! A great buy for your starter home or for your long awaited beach retreat. For more information, please call or e-mail KEVIN & MONICA MCNAMARA today !!! 877-480-7653
#3A NASSAU VILLAGE - 93rd St / Bayside on the Canal: Attractive 2BR townhome on the waterfront. Enjoy views of the canal from the living room and master bedroom. Rear deck on the water leads you to your boat slip. Sunken living room with fireplace, spiral staircase, kitchen, dining area and half bath are located on the 1st level. Both bedrooms upstairs - 2nd bedroom includes a balcony overlooing the pool & parking area. Well maintained complex and just a couple blocks to the beach. For more information, please call or e-mail KEVIN & MONICA MCNAMARA today !!! 877-480-7653
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SINGLE FAMILY HOMES - OCEAN CITY, MARYLAND
#10505 POINT LOOKOUT RD - 104th St / Direct Bayfront: Your boat(s) will love this spacious 3BR to call home! Direct bayfront colonial with panoramic views of the open bay! This perfect beach home has Hardi plank exterior siding, multiple waterfront decks with a screened-in porch, perfect for entertaining or having the whole family down! Inside you will love the huge living room with fireplace and a bar with custom wood work that is incredible, formal dining room and a bonus loft (over the garage) with a Jacuzzi tub you can enjoy year round. Updated kitchen includes Corian countertop, stainless steel appliances and newly tiled floor. All three bedrooms upstairs offer amazing bay views. The master suite includes a fireplace, walk-in closet and walk out balcony to enjoy those beautiful sunsets. The two car garage gives you plenty of space for your cars and all of your toys. Enjoy the privacy from this incredible home secluded at the end of the street with unobstructed water views! For more information or for a personal tour of this property, please call or e-mail KEVIN & MONICA MCNAMARA today !!! 877-480-7653
Ocean City, Maryland -- Ocean Pines, Maryland -- Berlin, Maryland
Fenwick Island, Delaware -- Bethany Beach & Rehoboth Beach, Delaware
"I am writing today to give my vote of confidence in Kevin and Monica McNamara. I developed Jetty's Break Condominium on 92nd Street in Ocean City, Maryland. It is a 15 unit complex, from 1-3 bedrooms. The prices ranged from $259,000-$699,000 per unit. The project began in August of 2002 and construction was completed September of 2004. All 15 units were sold by October 2004. Most of the units were sold prior to completion by Kevin and Monica. Upon meeting Kevin and Monica, I immediately realized that their enthusiasm for real estate was completely contagious to me. I could only imagine how well they could get a prospective buyer to be excited about a property such as mine. After interviewing several REALTORS in the area to market Jetty's Break, I decided upon Kevin and Monica. They had a complete knowledge of the real estate market in the Ocean City area. As soon as I made it official that they were to be my sales team, their confidence and take charge attitude literally lifted responsibility and concern off of my shoulders, as I had no prior experience in developing and marketing such a project. I was completely confident from that point on that our business relationship was going to be a success. Their marketing tactics for Jetty's Break exceeded my expectations manifold. They saturated any form of advertising available with advertisements for Jetty's Break. Mailings, the internet, MLS, brochures, newspaper, they covered every outlet. During the marketing and actual sales of each of the units, Kevin and Monica worked fairly with, not only me and their own clients, but other realtors and their clients as well. I would recommend Kevin and Monica highly to anyone for their real estate needs. They offer a complete real estate package, each one letting their individual strengths work for you. They are second to none when compared to other realtors in the Ocean City Area."
Terry L.
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"Dear Kevin and Monica - I would like to thank you and your team for all you did to make purchasing the property for my business seamless. Your professionalism, grasp of the real estate market and consistent follow-up made the purchase easy and stress free (which is always hard to accomplish in this fast pace world we live in). I would be happy to recommend your services to anyone."
Gary & Joni W.
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"Mary and I simply want to thank you for your professional and courteous assistance in the purchase of our new home and the sale of our 69th Street condo. Over the years, we have had numerous occasions in which we worked with real estate agents in the sale or purchase of property, and working with you was an exceptional experience. Hope all went well with your son's graduation and that the birth of "Baby Mac" will be another happy and fulfilling occasion. Maybe one of these days, soon, now that we are close by, you, Monica, Mary and I can get together for dinner in O.C. We look forward to that opportunity."
Dick & Mary S.
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"Dear Monica and Kevin - Just a note to thank you for the beautiful framed print of Ocean City you gave us after our settlement. We hung it as soon as we walked into the condo-it looks just great in our hallway. We also wanted to thank you for the special efforts you made in finding our home and getting us to settlement so quickly. We also thoroughly enjoyed working with Caroline - she is so efficient and truly an asset to your team! Thanks once again for all you did for us - and we love our condo! We will not hesitate to recommend your team to our friends and family."
Cindy & Dennis M.
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"A special thank you to you and your staff. When we decided to sell our condo at Harbour Club, we had no idea which real estate firm to list our property with, since we live in PA and our condo was in MD. We had received all kind of cards from different real estate people letting us know if we were ever interested in selling our condo, they were available, including you. When we received the card with the picture of you and your family, we thought what a beautiful family. We called you and set up an appointment. You were very impressive from day one, we never regretted one day that we list our condo with you to sell. You let us know when and where you advertised our condo for sale, you also let us know when someone was interested in it. Everything was done Professional. You certainly do work for the People. We're sure many people throw those real estate cards away that they get in the mail. I assure you, we will keep your family picture forever. We're proud to say this is the lady who got our condo at Ocean City sold fur us. Thanks again Monica. We wish you and your family a happy and healthy year."
Fred & Dorothy G.
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"I worked with Monica Cartwright on the Ocean Breeze project from June of 1992 until December of that same year. Unfortunately, because of the economic and lending climate at the time, we were unable to secure reasonable construction financing that would have made me feel comfortable to continue with the project. I have been a builder and developer of residential and commercial projects both in Salisbury and Ocean City since 1981. As a result, I come in contact with many REALTORS that always seem to promise more than they deliver. Such is not the case with Ms. Cartwright. Throughout the entire Ocean Breeze negotiation, marketing proposal for the finished product, feasibility studies, search for financing, etc. She was always very professional and dedicated to trying to find solutions to the many obstacles we encountered. I would recommend Monica Cartwright as THE REALTOR to do business with in Ocean City. In fact, I recently sold my oceanfront property and purchased a bayfront home all through Monica Cartwright and O'Conor, Piper & Flynn. In my mind they are an unbeatable team when it comes to Ocean City real estate."
Palmer G.
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