Housing Sales: Snapshots, National and Personal

Friday, September 25, 2009

The numbers are out: After four months of steadily increasing, home sales tapered off in August. We speak to Nicholas Retsinas, director of the Joint Center for Housing Studies at Harvard University, for a look at the national housing scene. Then, we take a look at the market from the perspective of three local players: Behrooz Shahidi, a realtor in New Jersey; Ken Ebaugh, a senior mortgage banker with Paramount Bank near Detroit; and Eric Mattinson, who is a first-time home buyer from Greensboro, N.C.

Guests:

Ken Ebaugh, Eric Mattinson, Nicholas Retsinas and Behrooz Shahidi

Contributors:

Hsi-Chang Lin and Molly Webster

Comments [2]

Kenny

To Celeste , greetings from the "D". Great show but you missed the mark.My take is that it's all about jobs, The housing market reflects people's sense of optimism in regards to their present and future employment. The question to your potential home buyer should be: "how secure is your job ?" and: "will you be employed 6 months from now ?" Nobody shops for a home if they are insecure about their employment. No paycheck, no mortgage payment. Also, how many folks who have already lost homes, missed payments or lost their jobs even temporarily would qualify for financing under today's tougher guidelines?
Love you guys.

Sep. 26 2009 07:45 AM
John A. Ferry

I see empty, abandoned homes on my block. Hardly any have for sale signs or foreclosure notices (anymore). The lenders have kicked the residents out, but have not proceeded further, thereby absolving them of responsibility for maintaining the properties.

We get by with an informal group of neighbors on the block, chasing away strippers (not exotic dancers, thieves who break into vacant homes to steal appliances, etc.) and collecting reference numbers. Police? Not unless we say we saw weapons or that it's a drug house.

More than anything, Detroit needs a huge influx of people who learned how to behave outside of Michigan. If you didn't grow up here, and you moved here, it would be much nicer here!

Sep. 25 2009 09:57 AM

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