As rates drop to between 5-5 1/2% I hope buyers have applied for their preapproval letter. Most hav'nt and dont realize that credit is tougher to get than it was a few years ago. Some buyers think just because they have steller credit they can get a loan. Read More...

By Elizabeth Razzi Sunday, April 27, 2008; Page F05 With hope of gaining perspective on the Washington-area housing market, I recently asked two deans of the brokerage business, John McEnearney, 81, founder of McEnearney Associates, and P. Wesley Foster Read More...

By Kenneth R. Harney Saturday, April 19, 2008; Page F01 If you own or plan to buy a condominium, an ominous new phase of the mortgage-credit squeeze could be looming for you. As a result of underwriting changes by the giant mortgage investors Fannie Mae Read More...

AP Employers Slashed 80,000 Jobs in March Friday April 4, 9:06 am ET By Jeannine Aversa, AP Economics Writer Employers Chopped 80,000 Jobs Last Month; Unemployment Rate Rose to 5.1 Percent WASHINGTON (AP) -- Employers buffeted by talk of recession slashed Read More...

By Alan Zibel ASSOCIATED PRESS 1:34 p.m. March 12, 2008 If your neighbors have lost their homes, you could pay the price when you try to sell or refinance – even if your credit is good. Neighbors matter when it comes to putting a price tag on homes. Appraisers Read More...

Dangerous Cracks Appearing in Job Market Saturday March 8, 9:30 am ET By Jeannine Aversa, AP Economics Writer Dangerous Cracks Hit Job Market As Employers Cut Positions, Thousands Drop Out of Labor Force WASHINGTON (AP) -- Dangerous cracks in the nation's Read More...

By Jeannine Aversa, AP Economics Writer Industry Group Says Home Foreclosures at Record High Last Quarter WASHINGTON (AP) -- Home foreclosures soared to an all-time high in the final quarter of last year, underscoring the suffering of distressed homeowners Read More...

When the market was booming people were clamoring to be in the business. Now, agents that had been in the business for years are leaving. Just 2 years ago or even a year ago I was driving around the beltway and there were Realtor signs on every other Read More...

The banks are cutting their equity lines of credit to customers they approved. To cut losses or soon to be losses banks are stopping HELOC where they are. If you were approved for 100,000 line of credit and only have used 50,000 grand that me be it for Read More...