GLG News by Agricultural Land Experts

Kenneth EganFormer Broker and RealtorRe/Max All Cities Realty

Home prices will continue to fall

September 27, 2011

As a professional who has tracked housing prices for nearly 50 years, on the East and West coasts, I unequivocally believe that housing prices will continue to fall.

Kenneth EganFormer Broker and RealtorRe/Max All Cities Realty

It's like the ocean--there is always another wave coming.

November 24, 2009

Analysis of:Existing-Home Sales Jump 10.1% | online.wsj.com

Think for cash for clunkers--see any similarities?NAR reminds me of a smoke machine--keeps blowing smoke.FHA requires a whopping 3.5% down--see a trend here??We will quickly run out of "investors".

Kenneth EganFormer Broker and RealtorRe/Max All Cities Realty

Double Dip is a certainty

November 20, 2009

Analysis of:Fear of Double Dip in Housing | online.wsj.com

No matter what the spin, facts are irrefutable.3.5M houses in foreclosure trumps the NAR story about lower inventoryMore than 3 times the current number of foreclosures are in pre-foreclosure.2010 and 2011 will see great numbers of foreclosures.

Kenneth EganFormer Broker and RealtorRe/Max All Cities Realty

Extend and Pretend

November 20, 2009

Analysis of:A sector too tough to save | online.wsj.com

Banks, with government support, will "pretend" over the value of Commercial Assets.Loans will be, for the most part, extended, in order that no one has to take a "hit"Kicking the can down the road, as usual.Some modifications will be worked out.

Kenneth EganFormer Broker and RealtorRe/Max All Cities Realty

Good Insight Here

October 29, 2009

Analysis of:Uncle Sam Adds 5% to Prices of Homes, Goldman Says | blogs.wsj.com

Government intervention eliminates the "Free-Market" concept.This is politics as usual...kicking the can down the road.Pres. Obama is not bringing about change(I am not against him).Cash for clunkers applied to home purchase will not fix the problem.

Kenneth EganFormer Broker and RealtorRe/Max All Cities Realty

Market Inertia caused by Capital Unavailability

October 13, 2009

Analysis of:Experts Probe Capital, Distressed Assets Outlook | www.globest.com

Banks are still not performing.Capital needs to flow more freelyMarkets will continue to depress

Kenneth EganFormer Broker and RealtorRe/Max All Cities Realty

Reality always trumps hyperbole

September 30, 2009

Analysis of:Stocks waver on housing, consumer confidence data | www.wtop.com

Housing will continue to slide.Consumers are tapped out.What do we expect?

Kenneth EganFormer Broker and RealtorRe/Max All Cities Realty

The saga continues !

April 28, 2009

Analysis of:Opus South Files Chapter 11 | www.globest.com

The worsening of the economy is far from over. While the commercial sector is the next debacle, destination resorts, golf communities and others will follow. Residential prices will continue to fall.

Kenneth EganFormer Broker and RealtorRe/Max All Cities Realty

How expert are the experts? Why the spin??

April 8, 2009

Analysis of:Area Home sales, prices down | www.bendbulletin.com

Real estate prices continue to fall. Real estate experts are trying to spin data constantly. The media uses poor sources to interpret data--kind of talking to the fox about hen-house defenses.

Kenneth EganFormer Broker and RealtorRe/Max All Cities Realty

Yun is a Joke

March 11, 2009

Analysis of:Pending home sales hit record low | money.cnn.com

NAR pays his salary.  Yun has not integrity, or is just plain out of touch with reality.  Yesterday Bernacke said the recession will possibly end by the end of this year.  These guys should form a club. Perhaps economists do not ever take courses in reality.

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