Bob Walters
Bob Walters
advantage locking low mortgage rally taking
Homeowners are taking advantage of the rally by locking in still historically low long-term mortgage rates.
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These things are tools. Is a chainsaw a good thing or a bad thing? If you're cutting down a stand of trees, it's a good thing. If you accidentally chop off your finger, it's a bad thing.
left
We only have one left that still has to go.
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The bulls basically hoped for a number showing housing is eroding, and they didn't get it. I'm not surprised. As long as jobs are strong -- as long as interest rates are low -- this isn't going to change.
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It's a wide, wide world and you are surrounded by in large, even in the harried times in which we live, you are surrounded by nature. And guess what? We are not we are certainly different than the eagles but in fact, we are as dependant on mother earth as are they.
basically beginning rate removal
The removal of accommodative basically is signaling the beginning of the end of rate hikes.
land three worth
That land is worth more than it was two or three years ago.
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I try not to get too excited over any month's gain or loss, but we are starting to see a moderation of the acceleration. We won't know if we've topped out for six to 12 months.
businesses coming hot housing people tactics using
This is one of the many different tactics businesses are using to get in on the hot housing market. Lenders are grappling with what they can do to keep people coming to the market.
band fixed mortgage rates stayed
Fixed mortgage rates stayed in a narrow, historically low, band in February.
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The trend of homeowners to exit adjustable rate mortgages into the safety of fixed rates has intensified; those homeowners realize that when those ARMs adjust, they will adjust to rates higher than today's current 30 year fixed rate.
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Affordability will keep prices in check, But for as long as rates stay near historic lows and employment remains strong, I think pricing will stay strong. We probably won't see the double-digit gains that we've seen.
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Demand remains incredibly robust. Housing activity in the rest of the country was very robust, and the destruction in the Gulf states just wasn't enough to move the needle downward.
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If I'm seen as an impediment to downtown, it's only because I declined to sacrifice my own welfare. I'm not the problem. The city has shown no great inclination to resolve this. They've shown no interest in being creative, which is unfortunate.