4 Quotes by Phil McCabe

My feeling is that right now everyone needs to proceed with caution.

One-year-ago I characterized it as a feeding frenzy, when there are too many buyers, not enough sellers. Today it's just the opposite the accumulation of inventory is growing.

Naples is a very deep, very liquid, very wealthy market. And in Naples we tend to come out of this a little faster than they do nationally. And I see in Naples a two year period of correction.

We intend to go ahead with site construction this summer, but it does not make sense to pursue sales at this time.