Set forth below is the fourth quarter 2011 real estate professional and home owner Pennsylvania home prices survey data along with the third quarter 2011 real estate professional survey data and the fourth quarter 2010 national home prices survey data: (click on each question to see complete results):
Set forth below is the fourth quarter 2011 real estate professional and home owner Ohio home prices survey data along with the third quarter 2011 real estate professional survey data along with the fourth quarter 2010 national home prices survey data: (click on each question to see complete results):
On Monday January 23, 2012, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate 360 radio show on The Big Talker 1580 WHFS AM, hosted by Ryan Sloper.
Listen to the show.
Part 1 (14:24)
Ryan and Louis discuss the Republican Primary, gold and silver prices and HomeGain’s 2012 Home Ownership Satisfaction Survey. Ryan notes that when mortgage rates move up, they move up fast. Ryan urges rate shoppers to lock in now. Ryan predicts higher mortgage rates in 2012. Louis discusses how the networks were able to project Newt Gingrich the winner of the South Carolina primary based on exit polls.
Ryan notes that Texas governor Rick Perry has dropped out and has endorsed Newt Gingrich. Ryan notes that Romney is attaching Gingrich based on his relationship with Freddie Mac and Fannie Mae. Louis notes that in Iowa and New Hampshire Gingrich was crushed as a result of the focus of voters on Newt Gingrich’s activities with Fannie Mae and Freddie Mae.
Louis notes that during the South Carolina primary process, when the focus moved away from Freddie Mac and Fannie Mae and towards Mitt Romney’s activities at Bain Capital, the voters shifted away from Romney and towards Gingrich. Louis notes that Gingrich benefited in South Carolina from appearing strong in responding to a debate question relating to his personal life. Louis notes, however, that Gingrich won’t be able to win based on those types of answers.
Louis notes that as the attention shifts back to Gingrich’s activities at Freddie Mac and Fannie Mae, Romney will benefit and Gingrich will suffer. Louis notes that Gingrich is the non Romney flavor of the month-his predecessors being Santorum, Cain, Perry and Bachman. Louis notes that Republicans are looking for a conservative alternative to Romney. Louis notes that as people peek under the cover they will notice that Santorum and Gingrich are not as conservative as they claim.
Louis notes that Ron Paul has been consistent in his view for 30 years and that his support in the polls has not fluctuated wildly like the other candidates and has grown steadily. Louis notes that the media constantly discusses Ron Paul’s supposed non electability but never discussed the electability of the other candidates like Herman Cain whose qualifications including running a “pizza palour”, Michelle Bachman who has only been in congress a few years and Mitt Romney who was governor of a state that instituted “RomneyCare” a pre cursor to “ObamaCare” which is anathma to conservatives and Newt Gingirch with 20 years of “baggage”.
Louis notes that Ron Paul has won 12 elections to congress and has increased his vote totals by 4-5X since 2008 in New Hampshire, Iowa and South Carolina. Ryan notes that Ron Paul’s issues, excessive spending, civil liberties, the Federal Reserve have not been discussed much in the campaigns and the debates. Louis notes that the Tea Party came into existence largely as a protest against the bail outs an the irony that the two front runners Romney and Gingrich were in favor of them and the stimulus packages.
Louis notes that Ron Paul has gained currency with younger voters and that younger voters are discovering Austrian economics. Louis and Ryan discuss Ron Paul’s interest in reinstituting the gold standard and that Newt Gingrich has jumped on that bandwagon.
Louis notes that during the debates they have not talked about each candidates plan to cut spending – other than Rick Perry’s attempt to name three Federal Agencies that he would cut. Louis notes that only Ron Paul has a plan to cut spending-$1 Trillion in his first year as President.
On Monday January 9, 2012, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate 360 radio show on The Big Talker 1580 AM, hosted by Ryan Sloper.
Listen to the show.
Part 1 (14:56)
Ryan and Louis offer their predictions for 2012 on the general economy, real estate market, interest rates, the presidential election, the price of gold oil and silver and foreclosures. Louis notes that the beginning of the year will be a continuation of low interest rates, working off inventory and a tepid market but predicts a financial shock at some point in 2012 perhaps based on a European debt crisis or something in the US.
Louis notes that there is no way to solve the housing crisis or the general sovereign debt crisis other than to allow the debt to be liquidated, but notes that the central banks are not willing to allow it.
Ryan notes of a new tax on mortgages that helps Fannie Mae and Freddie Mac which Louis characterizes as a back door bailout of these entities.
Louis notes that many home buyers are holding off on purchasing a home because they think interest rates might go lower or that they will stay low for a long time or that home prices will fall further. Louis notes that more likely rents will rise and that it makes sense to get a long term low interest rate to protect against the rise in the real cost of shelter.
Louis notes that if interest rate rose it would be a disaster for the US government as it would make it even more difficult for the US to pay off the interest. Louis notes that the Fed’s operation twist is intended to keep long term interest rates down. Louis notes that institutional investors purchase US government bonds for their perceived safety. Louis notes that the US is actually printing LESS physical currency as the cost of paper and its components (cotton and ink) are getting more expensive.
HomeGain Real Estate Blog is a publishing tool for posting real
estate opinions, news, data, ideas, and information. Real estate agents and
brokers can find new blog posts daily and subscribe to receive an email based
blog newsletter. Blog article categories include Realtor® best practices,
strategies for reaching home buyers and sellers, web site and online marketing
tactics, social media, real estate technology, real estate trade shows, MLS,
real estate market trends and HomeGain. The opinions expressed by the bloggers
and those providing comments are theirs alone and may not reflect the views or
opinions of HomeGain. HomeGain is not responsible for the accuracy of any of the
information supplied by the bloggers or those who comment.