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real estate market: Failure is Important - 09/27/08 12:00 PM
If you can't guess from my previous dozen posts in the last week, I'm referencing what's going on in our financial system right now and the bailout bill. One of my biggest arguments with much of the government intervention in the past year and in particular the bailout in front of Congress is it attempts to artificially prop up companies who would otherwise have failed. There are many pundits that will talk about how it's in our interest to support these companies because it's needed to help the economy recover, keep us from loosing jobs, etc. No, No, No, let me … (18 comments)
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real estate market: Update on the FED rate cut - 10 year treasury increasing - 09/20/07 02:10 PM
Yesterday I wrote a short post on my thoughts on the FED cutting by 50 basis points and what I thought would be the effect on mortgage rates and possibly the economy going forward. I said that I thought the cut was a very dangerous move despite the obvious hardships facing our economy and banking system. This is because the US dollar is in a very precarious position and we have substantial inflation pressures on the horizon ($83/barrel oil).
We'll it appears one of the side effects I was worried about is in fact taking place and fairly rapidly. The 10 year treasury … (5 comments)
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real estate market: My take on the FED rate cut and mortgage rate effects - 09/19/07 12:32 PM
As pretty much everybody knows the FED cut the overnight lending rate by 50 basis points as well as the rate at the discount window 50 basis points yesterday. The question is, what does it actually mean and what will it accomplish.
My take on the cut
Personally, I was very surprised at the cut, in my mind it was even split between the FED holding steady and a 25 basis point cut. The reason being is that we are facing some very significant inflationary pressures right now ($82/barrel oil anyone) and also the US dollar which is hanging precariously at all time lows. Interest rate … (2 comments)
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real estate market: Subprime meltdown and the real estate market - 03/13/07 03:22 PM
Watching the meltdown in the subprime market the last couple weeks has been kinda shocking. The fact that it's happening or even how fast it's happening isn't the shocking part, it's the fact that how many people act totally surprised by it, is what gets me. The lending standards, particularly over the last two years were almost criminally loose. 100%+ LTV loans, No Doc Loans, Hybrid ARM's with 1% teaser rates, lending to people with insanely high debt to income ratios.
I don't expect to see this contained in the subprime market either, these same types of loans were being made (but to … (46 comments)
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real estate market: Market conditions in my cul-de-sac - 08/27/06 12:15 PM
I moved into my first house located in Bothell, WA about 4 years ago and paid $225k for my house. The cul-de-sac I live in contains 6 other houses. The one marked $426k on the map seems that have changed hands several times since I moved in. Several months ago it hit the market again with an asking price of $429k (I think)
Then about 2 weeks ago two more houses ($351k and $355k) also went on the market. Both of these houses sold pretty much immediately, I was told $351k had multiple offers the day it went on the market. $426k across the street despite being the nicest … (4 comments)
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real estate market: Deal sweetening and upward commission pressures - 07/29/06 07:37 PM
While I was sitting in a coffee shop yesterday in San Francisco I read an article in the USA Today titled "Home sellers sweeten deals" Probably everyone has heard of the rapid rise in builders offering more incentives as regional markets slow. The article states than 75% of builders now offer incentives, up 50% from last year. In addition to incentives some of these builders also offering increased commissions to agents, in an attempt to help move inventory (4%, 5%, or even higher) That in itself wasn't what was so interesting to me, but rather this quote...
"We tell our clients they have … (2 comments)
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real estate market: Bubble? My views on the housing market. - 07/07/06 11:42 AM
Since last weeks blog topic was asking members to write about what they see happening from the ground level as far a market slowdown, I thought I would throw in my two cents. The whole topic of a bubble in the housing market has interested me for several years, long before the mainstream media started running stories. The reason is not necissarily because I work in the real estate industry but rather I love numbers, watching trends and in particular how they are driven by people's psychology.
First off, I think the term "Housing Bubble", or at least the notion that it will simple "pop" … (2 comments)
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Matt Heaton
Bothell,
WA
More about me…
Timu Corp - CEO, ActiveRain - Co-founder
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My ramblings about growing ActiveRain, the real estate industry and something I follow very closely, credit markets. Why "The ActiveRain Addiction"?
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