News from the Fed that they may continue raising short-term rates surprised the market, causing short-term rates to exceed long-term rates.
More Quotes from Bob Walters:
It's critically important that people understand and know what their what their credit score is, ... Even if you're not going to buy a home for a year or two, you need to talk to a mortgage banker you trust. They're going to pull what's called a tri-merged credit report.Bob Walters
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.
Bob Walters
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.
Bob Walters
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.
Bob Walters
I try not to get too excited over any month's gain or loss, but we are starting to see a moderation of the acceleration. We won't know if we've topped out for six to 12 months.
Bob Walters
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.
Bob Walters
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Based on Topics: Media & News QuotesTo make the moral achievement implicit in science a source of strength to civilization, the scientist will have to have the cooperation also of the philosopher and the religious teacher.
Arthur Holly Compton
Physiology seeks to derive the processes in our own nervous system from general physical forces, without considering whether these processes are or are not accompanied by processes of consciousness.
Wilhelm Wundt
Culture, which makes talent shine, is not completely ours either, nor can we place it solely at our disposal. Rather, it belongs mainly to our country, which gave it to us, and to humanity, from which we receive it as a birthright.
Jose Marti