Scott Wall's (ask2agents) Blog

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Real Estate Agent - StoneHouse Realty, Inc

ARCHIVED BLOG POSTS

2008 

Washington home prices fell 7.8% in the year ended in November, by the math of S&P/Case-Shiller indexes. That's the worst depreciation rate in this database that dates to 1987, as this chart shows. (Click it to see bigger version!)The only good news in this may be that of the 20 major U.S. market...
01/31/2008
President Bush made two real estate references in his seventh and final State of the Union. From the prepared text ...To build a prosperous future, we must trust people with their own money and empower them to grow our economy. As we meet tonight, our economy is undergoing a period of uncertainty...
01/31/2008
Anthony Thompson, who pioneered "tenant-in-common" investing in large commercial properties, said he is resigning as chairman of Grubb & Ellis on February 8. The move comes just seven weeks after Thompson's NNN Realty Advisors completed its acquisition of Grubb. The merged companies took on the G...
01/31/2008
Read this snippet from a transcript of builder Centex's recent conference call with Wall Street analysts (Thank you, Seeking Alpha!) ...Alex Barron - Agency Trading: Hey, guys. Wanted to ask you questions on this transparent pricing strategy. I guess, I am just trying to understand it seems to be...
01/31/2008
1 Comments
The Federal Reserve cut its key interest rate another half-point, to 3%, as part of a continued effort to keep the U.S. economy from falling into a recession.Here's the Fed's thoughts on housing ...Moreover, recent information indicates a deepening of the housing contraction as well as some softe...
01/30/2008
5 Comments
So after losing Billions this past year and being hammer for misjudging the severity of the subprime-mortgage crisis, Merrill Lynch want to reassert their "insight" and help the situation by dropping a bombshell on the market forecast. I guess the Research and Test Department found a better cryst...
01/24/2008
It might become a little cheaper to buy a home. Part of the government's economic stimulus package announced Thursday (DETAILS HERE) would boost the size of so-called "conforming" mortgage loans (under $417,000) bought by government-sponsored agencies. That move could allow more borrowers to find...
01/24/2008
Arlington Bishop Paul S. Loverde will dedicate Holy Trinity Catholic Church in Gainesville, Virginia: 11 a.m., SaturdayFebruary 2, 2008Holy Trinity Church 8214 Linton Hall RoadGainesville, VA 20155"The dedication of the newly-completed Church of the Holy Trinity in Gainesville is not only a bless...
01/21/2008
The market is trending down and in some cases falling off the cliff.Sellers remain unrealistic and Buyers remain picky or scared. Lenders are running out of money and want Buyers to sign in blood to get a loan.The Fed is running out of levers to fix the Country.We are all out there beating the bu...
01/19/2008
2 Comments
Mortgage insurers PMI published their latest home-price risk study ... and guess who's near the top? PMI economists juggle price momentum, affordability, regional economics and mortgage-payment problems to come up with their index, that translates to chance of home-price declines in the next two ...
01/18/2008
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