36 ordspråk av Bob Walters
Bob Walters
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We're still trending higher. I can't see it turning around until job growth or interest rates turn.
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We've been on a meteoric rise for three or four years now. Houses can only double in value every five or six years for a while before plain economics bring them back in line.
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That came out of nowhere. They went from boom to bust. Unfortunately for us, it's a slow leak.
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Fixed mortgage rates stayed in a narrow, historically low, band in February.
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We have worked hard over the past three years in developing a wide array of products -- all credit types, all documentation types, all amortization types and all combinations of first and second mortgages.
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We had 82 applications for permits, but we were able to approve only 26 of them.
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We only have one left that still has to go.
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That land is worth more than it was two or three years ago.
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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.
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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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I appreciate the thought that these higher buildings will create a better view of the corridor, but the word is corridor. We'll be looking through a telescope to the river rather than a panorama.
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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.
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Although down somewhat, the purchase market continues to benefit from strong job formation and long-term mortgage rates that have remained within range of 40-year lows.
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These things are tools,
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[Even with the changes in the market, many economists remain optimistic that the housing market is not a bubble waiting to burst.] We may see a flattening of the increase, but not much of a drop, ... The fundamentals remain strong: Employment is robust, and interest rates remain low.
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