Bob Walters Quotations

Low long-term rates and a strong jobs market will continue to provide substantial support to the housing market.

Solid fundamentals are expected to support home sales in coming months.

News from the Fed that they may continue raising short-term rates surprised the market, causing short-term rates to exceed long-term rates.

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.

We may see a flattening of the increase, but not much of a drop. The fundamentals remain strong: Employment is robust, and interest rates remain low.

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.

Spotting scopes will be set up at each viewing site, and DWR biologists and volunteers will be available to help viewers spot eagles and to answer any questions they may have.

That came out of nowhere. They went from boom to bust. Unfortunately for us, it's a slow leak.

That would be your standard adult bald eagle...just kind of hanging out as they do.

We have worked hard over the past three years in developing a wide array of products -- all credit types, all documentation types, all amortization types and all combinations of first and second mortgages.

Well first would be the highly identifiable white head and white tail?and from there, you if in fact, it is not white headed and white tailed, then you are looking at birds that are either sub adult or juvenile birds ..and there are field guides out now where you can identify birds going all the way up from juvenile plumage to adults.

We only have one left that still has to go.

We had 82 applications for permits, but we were able to approve only 26 of them.

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.

Fixed mortgage rates stayed in a narrow, historically low, band in February.

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.

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.

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.

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.

This is one of the many different tactics businesses are using to get in on the hot housing market. Lenders are grappling with what they can do to keep people coming to the market.

The removal of accommodative basically is signaling the beginning of the end of rate hikes.

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.

It's a wide, wide world and you are surrounded by in large, even in the harried times in which we live, you are surrounded by nature. And guess what? We are not we are certainly different than the eagles but in fact, we are as dependant on mother earth as are they.

That land is worth more than it was two or three years ago.

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.

These things are tools. Is a chainsaw a good thing or a bad thing? If you're cutting down a stand of trees, it's a good thing. If you accidentally chop off your finger, it's a bad thing.

Home sales will remain strong because all the fundamentals remain rock solid. Long-term rates are falling, inflation is falling and employment remains strong.

Homeowners are taking advantage of the rally by locking in still historically low long-term mortgage rates.

If I'm seen as an impediment to downtown, it's only because I declined to sacrifice my own welfare. I'm not the problem. The city has shown no great inclination to resolve this. They've shown no interest in being creative, which is unfortunate.

I appreciate the thought that these higher buildings will create a better view of the corridor, but the word is corridor. We'll be looking through a telescope to the river rather than a panorama.

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.

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.