Bob Walters
Bob Walters
employment gains historic lows near prices pricing rates remains stay
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.
adjust arms current exit fixed higher rate rates realize safety trend year
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.
employment falling home inflation rates remain remains rock sales strong
Home sales will remain strong because all the fundamentals remain rock solid. Long-term rates are falling, inflation is falling and employment remains strong.
band fixed mortgage rates stayed
Fixed mortgage rates stayed in a narrow, historically low, band in February.
causing continue exceed fed news raising rates surprised
News from the Fed that they may continue raising short-term rates surprised the market, causing short-term rates to exceed long-term rates.
basically bulls hoped housing interest jobs low number rates showing strong
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.
basically beginning rate removal
The removal of accommodative basically is signaling the beginning of the end of rate hikes.
activity continue difference interest programs rate virtually
Refinance activity will continue as homeowners refinance out of adjustable rate mortgages and into fixed-rate programs now that there is virtually no difference between long- and short-term interest rates.
although benefit continues job market mortgage purchase range rates remained strong within
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.
continue housing jobs low market provide rates strong support
Low long-term rates and a strong jobs market will continue to provide substantial support to the housing market.
cards laid planning project seems short wish worry
The cards have to be laid on the table. I worry that the project is so massive. They say a six-month planning process, but even that seems too short a time. I wish I would be more hopeful, but I worry that it could be the same old Yonkers.
activity country demand gulf housing incredibly move needle remains rest states
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.
hate housing last month people triple
I hate when people try to read too much into a monthly number. Last month did not portend that housing was going to triple and this month does not portend that housing is going to collapse.
land three worth
That land is worth more than it was two or three years ago.