Archive for February, 2013

Great news: The Suffolk theater reopening in Riverhead – March 1st 2013!

Thursday, February 28th, 2013

Suffolk Theater

What better sign of a revival of a down town business district than the reopening of the beautiful Suffolk Theater on Main Street in Riverhead! If you have not seen Main Street lately – you will be surprised and you should re-visit the East Main Street area and Riverfront! The new Hyatt and Atlantis Aquarium complex, a series of new and renovated restaurants including but not limited to the Athens Grill, the little gem of the Turkuaz Grill and the always popular Riverhead Project should have given an indication of the exciting news from our Western neighbor Riverhead!

After many years of decay in the Down Town Area – the Suffolk theater will again be the crown jewel of the down town area! On march first, the Main Street area will be closed down for a festive ribbon cutting ceremony. A grand opening Gala follows-you can join for $125.00 – and a series of golden oldies opening in the subsequent days. For more information: visit their website: The Suffolk Theater and be as impressed as I am! Go Riverhead!

DOUBLE WHAMMY ABOUT TO HIT!

Friday, February 22nd, 2013

 

Town & Country has been forewarning the shift about to occur since mid 2012… don’t say we didn’t warn you
 
This morning’s Wall Street Journal, Nick Timiraos & Conor Dougherty wrote about the drop in inventory in an article titled “Home Supply Falls Before Key Selling Season”.
They describe what we have been saying for the past several months

— SALES ARE UP & INVENTORY IS DROPPING—
Economics here are elementary as to what happens to the price of anything when the scales of supply & demand tip in that direction
PRICES GO UP!!!!!
The second part of the DOUBLE WHAMMY is interest rates!
There’s only ONE direction— they’re going up too!
So 1-increased demand + 1-decreased supply = price increases
PLUS
Interest rates on the rise
Town & Country keeps asking you the same question.. so ARE YOU IN?