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GLG News by Residential Real Estate Agents

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Mansur HasibMay 18, 2007
Fed Please Stay Away
Analysis of: Home sales: Worst drop in 18 years | money.cnn.com
Author: Mansur Hasib, Independent Real Estate Salesperson, Long & Foster Real Estate Inc.
The author suggests that since there is a greater than reported downturn in housing, the Fed should act soon and cut rates.
Mansur HasibMay 18, 2007
Where Are Mortgage Rates Headed?
Analysis of: Mortgage rates at highest level five weeks | www.msnbc.msn.com
Author: Mansur Hasib, Independent Real Estate Salesperson, Long & Foster Real Estate Inc.
Article points out that Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.21 percent nationwide this week, up from 6.15 percent last week and that it was at highest level for 30-year mortgages since they average 6.22 percent the week of April 12.
Mansur HasibMay 18, 2007
Help Is On the Way
Analysis of: The Bad News On Condos | www.washingtonpost.com
Author: Mansur Hasib, Independent Real Estate Salesperson, Long & Foster Real Estate Inc.
Condo sales in 2006 was half that of 2005 in the Washington DC area.  Several projects have been cancelled and some developers have been driven out of business. There is an oversupply of condos in the region.
April 22, 2007
Making Sense of the Sub-prime Mess in N San Diego County
Analysis of: Making Sense of the Sub-prime Mess in N San Diego County | western-realestate-investor.com
Author: GLG Expert Contributor
1.  All real estate markets are local2. Buying opportunities exist for investors in this part of N. San Diego County3. There is still time and opportunity for owners to refinance out of poorly structured loans, but it requires working with lenders and others
April 16, 2007
SW FL market
Analysis of: Why Investors Should Consider Real Estate | online.wsj.com
Author: GLG Expert Contributor
As we all know - the SW FL real estate market went wild for a number of years.  And, in Aug. of '05, it died a miserable - horrible death.....This market (residential) has languished for the past 1.5 years.  It has steadily declined throughout '06 and thus far in '07.  We have the rest...
Mansur HasibApril 10, 2007
Possible Effects of Housing on the US Economy
Analysis of: Blame Greenspan for this bubble, too | articles.moneycentral.msn.com
Author: Mansur Hasib, Independent Real Estate Salesperson, Long & Foster Real Estate Inc.
The article discusses the role of federal fiscal policy and its impact on the US economy and provides an interesting perspective that should not be ignored.The author is concerned that we are not treating the problems in the mortgage industry seriously enough.
Mansur HasibApril 10, 2007
Balance in our Future?
Analysis of: Subprime Mortgage Market Moves to Center Stage | www.nahbmonday.com
Author: Mansur Hasib, Independent Real Estate Salesperson, Long & Foster Real Estate Inc.
While sub-prime mortgages were always a small component of the market it had a much larger impact during the 2004-2006 period.  Its decline is part of the reason for the recent decline in the housing market.  The possibility of it affecting other types of mortgages exists.
Kenneth EganMarch 6, 2007
Markets remain regional, as expected
Analysis of: Bend Tops Home Appreciation List | www.bendbulletin.com
Author: Kenneth Egan, Broker and Realtor, Re/Max All Cities Realty
Just released statistics from the Office of Federal Housing Oversight show that, for all of 2006, price changes ranked from a low of (5.48%) to a high of 21.39% (Bend's appreciation rate).  The dynamics of buyer needs is changing.Demographics in the U.S. continue to change, as a function of changes...
Kenneth EganFebruary 5, 2007
Right on the Money
Analysis of: Housing Industry Masked a Weak Economy | articles.moneycentral.msn.com
Author: Kenneth Egan, Broker and Realtor, Re/Max All Cities Realty
This article has excellent insight to the reality that the housing boom has been fueling the economy for some time.  If housing were removed from GDP, we would be growing at about 1% per year, pretty anemic.  The issue of overzealous lenders allowing 100% financing, stated income...
Kenneth EganJanuary 12, 2007
Premature to call the Real Estate market "cooling" over
Analysis of: Home prices still rising amid cooling sales | www.bendbulletin.com
Author: Kenneth Egan, Broker and Realtor, Re/Max All Cities Realty
Similar scenarios throughout the country show RE market trends.Who will "blink" first is still a guess.

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