Community Updates
• Single Family Home Lot Premiums Reduced
• New Townhome Models, Starting at 399,900.00
Latest News
07072008
Introducing Breakwater's New Cottage Series
We are pleased to announce the addition of eight new homes here at Breakwater. The Cottage Series has been developed to stream line the selections process while maintaining the Quality and Integrity for which Schell Brothers is known. Homes range from 1600 sq ft to 3600 sq ft and are priced from $499,900.
For a limited time only we are offering Free Unfinished Basements as well as $20,000.00 worth of Free Options and Upgrades on any of our Cottage Series Homes.
For more information and floor plans please contact our Sales Office at 302-645-1259
12.01.2007
Interesting Outlook
Things are looking up. Although there has been some bad press over the past few months the US economy is showing signs of imporvement based on current reports.
Dollar gains on yen amid US rate cut hopes
Dollar gains on yen amid US rate cut hopes
TOKYO -- The dollar rose against the yen in Asian trade on Friday on hopes that further US interest rate cuts will help the world's largest economy to avoid a recession, dealers said.
They said the greenback held steady against the euro after strengthening in overseas trade on expectations that the Federal Reserve will lower interest rates again next month to cushion the economy from a housing slump.
The dollar firmed to 110.35 yen in Tokyo afternoon trade from 109.88 in New York late on Thursday.
Bernanke hinted in a speech late Thursday that the Fed may cut interest rates again next month, saying the central bank sees a high degree of uncertainty in the US economic outlook.
Fed policymakers will need to be "exceptionally alert and flexible," he said.
Most analysts are betting that the central bank will cut its key rates by 25 basis points when the Federal Open Market Committee meets next month, bringing total reductions this year to 1.0 percentage point.
But reduced borrowing costs may also boost confidence in the US economy and encourage investors who are not simply chasing higher yields.
"If the rate cut happens and ensures that the markets are functioning smoothly, then that may help the dollar," said Thomas Lam, treasury economist at United Overseas Bank.
Bernanke's speech followed remarks earlier in the week by Fed vice chairman Donald Kohn that were also taken by markets as a signal that the US central bank is planning another interest rate cut.
Dealers said a stock market rally sparked by hopes of a US rate cut had renewed speculators' appetite for risky "carry trades" that involve selling low-return currencies such as the yen to buy higher-yielding ones.
To read the full article visit the link below.
http://business.inquirer.net/money/breakingnews/view_article.php?article_id=104055
11.17.2007
Happy Holidays
Although the air is a bit colder, there are still plenty of things happening here at the Beach. Both Lewes and Rehoboth have much to offer for Holiday entertainment. While shopping for all your holidays needs be sure not to forget to stop in and see us here at our Sales Center.
Wouldn't a new Home at Breakwater be the perfect Holiday Gift for your loved ones!!!!!
Ask us about our Winter Incentives...
Calender of Events for Lewes and Rehoboth
Nov 23rd
6:30 pm Christmas Tree Lighting and Sing Along at the Rehoboth Bandstand
Nov 29th
5 pm The Christmas Tree Lighting at Beebe Hospital
6-9 pm Merchants Hospitality Night on 2nd St.
Dec 1st
10 am - 4 pm 34th Annual Lewes Christmas Tour of Historic Homes
5 pm The Lewes Christmas Parade
Dec 2nd
Breakfast with Santa at The Lighthouse Restaurant
Dec 3rd
6:30 pm Rehoboth's Annual Christmas Parade
Happy Holidays...........
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