Happy New Year

First, Id like to take a moment to Thank all of our clients, partners, and associates for helping make 2010 a success. 2010 was our first full year operating as Foster Spahr Real Estate and we couldnt have imagined a better start to what we hope will be a long and successful journey.

We see a lot of exciting opportunites and devlopments awaiting our clients in 2011. Interest rates remain at historic lows, housing prices have begun to stabilize, and a heathly level of inventory exists throughout the greater Washington DC area providing our clients wonderful opportunities to find the home of the dreams. Our investor clients should also benefit from the steady supply of foreclosures as the system works through the large inventory created as a result of the downturn.

On the flip side, our clients looking to sell should see a more stable market than has existed in the last 2-3 years and while prices having only begun to marginally stengthen, there should be a larger pool of buyers to market to providing more opportunity to get the properties moved. Our focus for our clients will be on presentation and pricing to make sure your property stands out from the crowd. This will prove to be the best strategy for those looking to sell in 2011.

Another exciting development we would like to announce is the introduction of our REO divison. We will be aggressively working with Asset Managers and Banks to deliver a superior service in getting our clients REO properties sold with quick turnarounds while at the same time, maximizing the realized return on investment. We have put together a full turn-key package and are fully funded to provide a level of service that we hope will set us apart from the competition.
Thank you again for allowing us the opportunity to be your local real estate partner. We look forward to providing you and your referrals with the highest level of service you have come to expect from Foster Spahr Real Estate.

Best wishes for a successful 2011,
Dan Spahr
Pricipal Broker

Happy Thanksgiving from Foster Spahr Real Estate

Thanksgiving is the time of year that is traditionally known for giving thanks. We at Foster Spahr could not allow such an opportunity to pass without participating. Thank You!!! To all of our Clients, Partners, Friends and Family, for all of your hard work and support.

Truly we are grateful and feel blessed that you are a part of Foster Spahr’s success. Have a wonderful Thanksgiving!

Please take some time over the Holiday season to contribute to your favorite local charity or doante your time to a cause you are passionate about. Many charitable organizations have felt the strains of the recession and need our help more now than ever. If we work together, we really can make a difference.

Should the Fed Keep Buying Mortgage Backs?

Should the Fed Keep Buying Mortgage Backs?
The Federal Reserve should continue to buy mortgage-backed securities past its self-set deadline of April 1, James Bullard, president of Fed Bank of St. Louis, told an audience in Shanghai on Monday.

Bullard argued that the Fed should continue the purchases “at a low level initially” and monitor the result to determine whether it needs to increase the purchases to add more liquidity – and stability – to the market.

Bullard also said the Fed Open Market Committee will discuss the issue at its meeting later this month.

Source: The Wall Street Journal (01/10/2010)