Real Estate 360 Live With Louis Cammarosano 2/6/12

Posted by: Louis Cammarosano on February 13th, 2012

On Monday February 6, 2012, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate 360 Live radio show on The Big lowTalker 1580 WHFS AM, hosted by Ryan Sloper.

Listen to the show.

Part 1 (15:37)

Louis and Ryan discuss the Superbowl and the ads that played. Ryan reviews the 10 bond interest rates, the level of the Dow and the situation in Greece. Louis notest that Greece should just default and send a message to the market, rates would go up and governments would have to spend less as they could not afford to borrow money at the higher rates.

Louis notes the irony of a Greek default-it won’t draw attention to the US being in a similar situation, but rather will draw investors to the US as a safe haven. Louis notes that the debt crisis will end up on the US doorstep last and notes that the US won’t default but rather will print up the difference.

Louis notes that printing the difference is inflationary and is in effect a default as the investors will receive less value than they were anticipating. Louis notes that investors have become used to receiving  100% of their funds back from soverigns as they expect a trouble sovereign to be bailed out .

Louis notes that a potential bailout is priced into the risk, thereby reducing the risk and interest rates.  Louis notes that accounting rule encourage banks NOT to do short sales.

Part 2 (12:26)

Ryan discusses the jobs report. He notes the lowered unemployment work to 8.3% the lowest since February 2009. Ryan thinks its not sustainable and that the actual rate is higher. Louis notes that going into an election year the unemployment rate needs to be headed down. Louis notes that if you put back people who have stopped looking for a job the unemployment rate would be much higher.

Louis notes that interest rate need to stay low so that the US can afford to service its debt. Louis also notes that if low interest rates were the answer to the economy’s woes the recession would be over. Louis notes that the people who have been out of work for more than six months have a hard time to get reemployed.

Louis notes that a long term low interest rate home mortgage loan is an asset as it preserves your cost of shelter over time-rents could rise but your mortgage stays the same. Louis and Ryan discuss the benefits of home ownership and the issues that face renters. Louis notes that the DC metro area housing market will do well no matter who is elected President as no one other than Ron Paul is calling for major Federal spending cuts.

Part 3 (13:49)

Ryan notes the weekly economic data and the situation in Greece. Ryan notes that 29% of deals that require a mortgage do not close! Ryan notes that the appraisal is often the reason for deals falling through. Louis notes that sellers are also unrealistic on the value of their homes. Ryan and Louis discuss the need to proper comparable sales in order to value homes.

Louis reference the HomeGain Home Values survey that shows that home owners often think their homes are worth X and their Realtors think they are worth X – and that eventually the Realtor lists the price less than that and the home eventually sells less than the listing price! Louis notes that the Realtor is the local expert and knows the local market and what the market will bear. Louis notes that HomeGain.com has a great service that allows home buyers and home sellers to compare Realtors anonymously. Louis notes that 72% of people select the first Realtor they meet and notes the absurdity of this in that people don’t marry the first person they meet.

Part 4 (12:48)

Ryan discusses the difficulty of getting a home loan and the associated credit isssues. Louis and Ryan discuss the point of bankruptcy-to restructure debt

Listen to other Real Estate Radio shows with Louis Cammarosano

Listen to the Real Estate Radio show of January 30, 2012

Listen to the Real Estate Radio show of January 23, 2012

Listen to the Real Estate Radio show of January 9, 2012

Listen to the Real Estate Radio show of November 14, 2011

Listen to the Real Estate Radio show of November 7, 2011

Listen to the Real Estate Radio show of October 31, 2011

Listen to the Real Estate Radio show of October 24, 2011

Listen to the Real Estate Radio show of October 17, 2011

Listen to the Real Estate Radio show of October 10, 2011

Listen to the Real Estate Radio show of October 3, 2011

Listen to the Real Estate Radio show of September 26, 2011

Listen to the Real Estate Radio show of September 19, 2011

Listen to the Real Estate Radio show of August 29, 2011


Listen to the Real Estate Radio show of August 15, 2011

Listen to the Real Estate Radio show of August 8, 2011

Listen to the Real Estate Radio show of July 25, 2011

Listen to the Real Estate Radio show of July 11, 2011

Listen to the Real Estate Radio show of June 27, 2011

Listen to the Real Estate Radio show of June 20, 2011

Listen to the Real Estate Radio show of June 13, 2011

Listen to the Real Estate Radio show of June 6, 2011

Listen to the Real Estate Radio show of May 23, 2011

Listen to the Real Estate Radio show of May 16, 2011

Listen to the Real Estate Radio show of May 9, 2011

Listen to the Real Estate Radio show of May 2, 2011

Listen to the Real Estate Radio show of April 25, 2011

Listen to the Real Estate Radio show of April 18, 2011

Listen to the Real Estate Radio show of April 11, 2011

Listen to the Real Estate Radio show of March 21, 2011

Listen to the Real Estate Radio show of March 14, 2011

Listen to the Real Estate Radio show of February 28, 2011

Listen to the Real Estate Radio show of January 24, 2011

Listen to the Real Estate Radio show of November 29, 2010

Listen to the complete archive of Louis Cammarosano on Real Estate Radio shows

Real estate radio interviews also available on Youtube

About the Real Estate Radio Network

The Real Estate Radio Network® is a nationwide alliance of real estate related professionals with a common objective: delivering the timely truth about local Real Estate Markets over local radio stations.

The Real Estate Radio Network brings hard-working and ethical professionals in a community together. We provide the media and forum necessary for Consumers to learn the truth about important aspects of their financial life, which is mostly centered around their biggest investment, the home they live in. The Real Estate Radio Network® brings each radio program to the audience with a “live and local” show hosted by well-respected members in the local Real Estate and Financial community.

About Ryan Sloper

As a highly motivated mortgage consultant, with more than nine years of mortgage lending experience, Ryan Sloper has acquired a solid understanding of the local and national real estate markets. Ryan has been investing in residential and commercial real estate for the last 5 years, where he has first hand knowledge of what it takes to be a successful real estate investor. Ryan also hosts a weekly radio show, Real Estate Radio, which airs every Monday on 1580 AM in the Washington, DC Metro Area. Real Estate Radio also streams live nationally @ http://whfs.cbslocal.com/shows/real-estate-radio-with-ryan-sloper/

Louis Cammarosano

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