Raleigh/Durham Loan Officer

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Mortgage and Lending - Bank of England (NMLS#418481) - NMLS# 1046286
A Blog about real estate and real estate finance by Bob Mitchell who has been in the business since 1984 and who comes at the business from a different angle.

ARCHIVED BLOG POSTS

2008 

As I've written about before, a number of years ago I went through a period that I called, "My Blue Funk".  While I won't bore you with the details here again, I will tell you that as a result of what I went through during this period of time, I learned one of the most important lessons that I've...
06/30/2008
On January 2, 2008 I posted, "Predictions for 2008" where I predicted that Broker Byrant would still be getting 40% of his posts featured here on AR and that sometime during 2008 that the Dow Jones Industrial Average would close at or below 10,000.  I appear to be on track for both of these predi...
06/27/2008
A buddy of mine called me the other day and asked me if I would mind helping him determine where he should price his home at for sale.  The home is in a different market area than what I serve, but one that I am very familiar with. So, he emailed me the information on the properties that have sol...
06/26/2008
This morning, while I was reading various blogs, I came across a post that Stewart Penn wrote called, "How Far Will My Salary Go In Another City" and it got me to thinking, "Why do people continue to live in these high cost cities?" I'm sure that the number one answer to this question would be th...
06/24/2008
This past Friday afternoon, Kathy and I packed up the Cadillac and headed down to "The Lake" (Lake of the Ozarks) to go for a motorcycle ride.  We stayed at our friend's (Bill and Teri Beezley) home that night and then went up to Lake Ozark Harley Davidson the next morning to pick up our bike for...
06/23/2008
They say that the typical consumer will tell 8 people if they've had a negative experience with you or your company and only tell 2 people if they have had a positive experience with you or your company.  Well, through the power of the web I want to tell as many people as possible about the WONDE...
06/19/2008
As some of you know, my daughter recently graduated from "The Ohio State University" and moved back home to St. Louis to live with her mother.  She's in the process of looking for her first "real" job and as is her style, she's already started burning the candle at both ends by starting work on h...
06/18/2008
This morning I was watching CNBC and they had David Seiders, Chief Economist for the National Association of Home Builders who was pressing the case for the passage of the Housing Stimulus Package that is currently moving it's way through Congress. And while I am in favor of government action to ...
06/17/2008
With all of the bad press that the real estate markets are getting, did you know that there is a silver lining to it all?  That silver lining is in areas where you used to not be able to buy a home for less than $100,000 you can now buy a home for less than $70,000! If you're willing to go a bit ...
06/16/2008
With all of the bad press that the real estate markets are getting, did you know that there is a silver lining to it all?  That silver lining is in areas where you used to not be able to buy a home for less than $100,000 you can now buy a home for less than $70,000! If you're willing to go a bit ...
06/16/2008
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R. B. "Bob" Mitchell - Loan Officer Raleigh/Durham

Bob Mitchell (NMLS#1046286)
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