| Rehoboth Beach Delaware is called the
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| | lesser degree parts of Delaware and
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| Nation's Summer Capital because we are
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| | Pennsylvania. The bedrooms for those who
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| such a common second home and
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| | run our national capital reach out a
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| entertainment location for the powerful
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| | hundred miles from the center of town.
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| and influential people of Washington D.C.
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| | CSW is not predicting the 20% annual real
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| There are few people making over $75,000
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| | estate property value increases of the
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| a year in the DC professions who do not
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| | last few years but they are predicting a
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| frequent this area when they need
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| | 4.2 % annual increase for the DC related
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| privacy, space, fresh ocean air and
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| | area now instead of the 3.8 % increase
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| relaxation. It's not just summer that
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| | they predicted before the horrors and
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| draws them anymore, they come year
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| | attacks of 9-11. They are predicting
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| 'round. And it's not just Rehoboth Beach
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| | downturns in values elsewhere and deeper
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| anymore, they populate Lewes, Dewey
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| | downturns than before in all the other
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| Beach, Bethany Beach, Fenwick Island and
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| | major markets.CSW acknowledges that
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| all the little towns near the Delaware
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| | tourism to DC will be hurt some by the
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| Beaches.During the past several years all
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| | attacks. Personally I know that Crystal
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| real estate, especially waterfront real
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| | City has increased traffic of late by
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| estate or beach real estate anywhere has
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| | sightseers who have recently come to DC
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| been a phenomenal investment. Rehoboth
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| | and want to view the destruction of part
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| area increases have been as much as
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| | of the Pentagon. Additionally, room
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| 30-40% per year in the ocean block for
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| | rentals are only slightly hurt in the
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| the last few years! Part of this surge
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| | Washington D. C. area as tourists
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| was just a catch-up from nearly a decade
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| | normally in DC for the fall events have
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| of relatively flat appreciation
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| | been partially replaced by consultants
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| rates.While Washington D.C., along with
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| | and visiting dignitaries. Along with the
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| numerous other cities has seen price
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| | upgraded appreciation predictions for the
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| increases in real estate of 15-30% per
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| | DC area real estate market CSW has
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| year over the last few years. While the
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| | farther downgraded it's prediction for
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| rest of the country has little if any
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| | appreciation rates in Atlanta, Boston,
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| appreciation in real estate values this
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| | Chicago, Cleveland, Denver, Detroit, Los
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| year DC has remained hot, though not as
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| | Angeles, Miami, Minneapolis, Nashville,
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| hot as last year. Most areas of our
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| | New York, Orlando, Philadelphia, Phoenix,
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| country have had no appreciation in
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| | Portland, San Diego, San Francisco, and
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| prices on average for this year - except
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| | Seattle.Here are my personal predictions,
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| for small portions of some metropolitan
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| | based on over thirty years of selling
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| areas.The entire economy has cooled way
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| | property here in the Delaware resort
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| down. Globally, real estate is not
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| | areas. I also maintain an almost daily
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| expected to do very well over the next
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| | connection to the goings on of the DC
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| few years. In addition to residential
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| | real estate markets. Washington DC will
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| real estate being hard hit -- retail,
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| | experience an influx of highly paid
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| commercial and industrial real estate has
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| | professionals for the defense and
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| been mostly languishing, unsold even at
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| | research industries as well as computer
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| lower prices and even with commercial
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| | security, personal security and warfare
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| mortgage rates of half what they were a
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| | related services.There will also be a
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| few years ago.This Delaware Resort area
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| | terrific increase in any and all Internet
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| and Washington D.C. are predictably
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| | related firms that service the staff of
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| different from anywhere else. DC is
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| | our government and government contractors
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| where people flock when any national
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| | who will fight the new war. Much of this
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| emergency or military expansion is
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| | war will be fought with keyboard, mouse
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| underway. We are seeing unprecedented
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| | and joystick. These new hi-tech workers
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| buildups in military, government and
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| | and the ones already involved will be
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| private sectors as a result of our
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| | under increased stress and accepting
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| instant reaction to the attacks and the
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| | increased pay over the next few years as
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| nearly immediate national decision to
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| | we fight a high-tech war against
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| mount a world wide high-tech war against
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| | terrorism. These same factors and more
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| the terrorists and their allies. This
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| | will give increased reasons and funds for
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| Delaware Beach area is a part time
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| | more people to visit our beach areas. As
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| bedroom, escape, business-meeting and bar
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| | always some of these visitors will decide
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| community for the Washingtonian
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| | to purchase here. The visitors and new
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| influential and powerful elite. Here
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| | buyers bring others with them and more of
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| they can get away and plan in private for
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| | these visits are business related
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| what must be done!The Wall Street Journal
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| | now.Washington DC firms and companies
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| posted an interesting article "Where
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| | that are financially related to these
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| Housing is Headed in Wake of Attacks" on
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| | firms will rapidly be adding highly paid
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| 09/21/2001 by June Fletcher and Danielle
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| | staff and subcontractors. This will
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| Reed regarding the future of real estate
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| | require a huge increase in every kind of
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| -after the attacks. Before the attacks
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| | service industry as well as all the
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| Real Estate sales were the major factor
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| | hospitality industry relatives. The more
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| keeping the rest of the economy from
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| | highly paid and more highly stressed war
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| plummeting more terribly than it has.
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| | related workers will predictably seek
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| The attacks have badly shocked the world
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| | vacation time, relaxation time and close
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| real estate market. The residential,
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| | by meeting sites in Rehoboth, Dewey,
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| commercial, industrial and even the
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| | Bethany, Fenwick and Lewes just as they
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| government acquisition of property in the
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| | always have. More and more of these
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| major cities has lagged or stopped almost
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| | highly paid folks will also need to visit
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| everywhere. No one knows how long this
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| | us more often, for longer periods, and
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| will last of course.Since the New York,
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| | increasingly throughout the year for
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| D. C. Pentagon, and Pennsylvania attacks
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| | myriad reasons. Many of them will move
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| on the World Trade Center, The Pentagon
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| | here and begin to work here from phones,
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| and the attempts on The White House; we
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| | fax, laptops and home computers. We are
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| have reason to review many things.
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| | seeing it happen already. We, as a
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| General real estate markets world wide
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| | result, will need to have more and more
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| have been drastically affected since the
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| | of our resort infrastructure and more of
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| war began -- and the war may last a long
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| | our businesses open, year 'round. We
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| time. Part if not most of the instant
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| | will need to employ more and better
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| real estate market change was due to the
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| | trained people in every area here and
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| banking industry which was one of the
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| | they too will need housing and services.
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| most severely affected of all US
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| | We are growing!We will see an every
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| business. Many of the offices in New
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| | increasing growth rate for those who
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| York that were destroyed were central
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| | telecommute from here at the beach - part
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| banking centers from around the world.
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| | or full time. Already I see a large
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| We are beginning to recover from the
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| | percentage of our prospective customers
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| banking difficulties now. In fact our
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| | and buyers that are now or soon will be
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| in-house mortgage broker Prosperity
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| | working from home. Those who spend long
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| Mortgage which uses Wells Fargo funding
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| | weekends here in the beach area with a
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| is up and running full speed, no
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| | laptop and cell phone to handle
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| problems. We have the lowest residential
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| | professional responsibilities are an ever
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| mortgage rates in 40 years right now.
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| | increasing group. Kate and I work from
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| But full technical recovery of the
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| | home most of the time. Our waterfront
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| banking industry will take a while.The
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| | neighbor is a mortgage broker and is
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| real estate market of Washington DC, our
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| | often on her balcony with her laptop and
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| feeder community, remains strongest in
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| | phones doing business. Kate often does a
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| the nation. According to Case, Shiller
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| | full day's work out at the end of our
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| and Weiss known as CSW; and claimed by
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| | pier. We are home workers and every
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| the New York Times to be the leading
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| | month more of our customers are as well.
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| residential real estate analysts in the
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| | Several of our recent purchasers work at
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| world; we are heading deeper into a
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| | home full or part time.As a result of all
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| declining real estate market for this
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| | these property appreciating factors; I
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| country and others, the exception being
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| | wonder if our Delaware Beach Area and
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| Washington D.C. CSW is predicting DC to
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| | Rehoboth Beach real estate will actually
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| appreciate and to increase in
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| | outstrip the appreciation of DC real
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| appreciation more than previously
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| | estate once again.By Copyright September
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| predicted. This prediction, of course,
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| | 22, 2001Jody Hudson is a Realtor with 35
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| includes the residential areas around
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| | years experience in American and Delaware
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| Metropolitan Washington D.C. such as
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| | Real Estate.
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| Northern Virginia, Maryland and to a
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