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Real Estate Radio With Louis Cammarosano 10/10/11

On Monday October 10, 2011, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate Radio show on The Big Talker 1580 AM, hosted by Ryan Sloper.

Listen to the show.

Part 1 (14:28)

Ryan notes the disconnect between where the media thinks interest rates are headed and where they actually are. Louis discusses investors attitudes towards Europe and notes that because the situation in Europe is uncertain that they rush to US dollar denominated assets which pushes interest rates lower. Louis notes that at some point the market will figure out that US treasuries are not really a good investment and that interest rates will head higher. Louis notes that because of the Fed policies and the perceived quality of US treasuries that US interest rates are artificially low. Louis notes that all things considered equal, interest rates are attractive now, especially long term mortgage rates. Louis and Ryan discuss the cost of home ownership vs renting.  Louis notes that everything is going up (consumer goods and rents) except interest rates and home prices. Louis notes that rents will rise in the coming years but that a low fixed rate mortgage will stay low over the next few year. Louis notes that you can lock in your lowest cost-shelter-by taking out a long term interest rate mortgage rate. Ryan notes that rate of home ownership is declining and notes that its not necessary to have a 70% home ownership rate.  Louis notes that a lot of people have lost their homes and that a new generation of potential homebuyers are not there because the younger generation is facing a high employment rate. Louis notes that the decision to buy a home should not be based on what the home ownership rate is but rather what your personal situation is.

Part 2 (11:57)

Ryan notes that consumers are slashing their borrowing and using their credit cards less. Louis notes that this is a good thing that people are paying off their debt and starting to save. Louis notes that it does cause short term pain in the economy but long term it is a good thing. Ryan discussed the documents that people need to gather when applying for a mortgage.

Part 3 (11:09)

Ryan discusses credit score optimization and gives tips on how to manage your credit prior to applying for a mortgage. Louis and Ryan discuss how Realtors often to get a listing will tell a homeowner that their home is what they think it is.  Louis notes the waterfall effect -a homeowner thinks his home is worth X, the Realtor thinks its worth less than X, it gets listed  less than the homeowners price and it gets sold less than the listing price. Ryan notes the need to assist the appraiser to make sure he understands the market. Louis notes that appraising is an art, not an science. Louis notes the benefits of getting a Comparative Market Analysis prior to getting an appraisal. Louis notes that a real estate agent might be in a better position than an appraiser to determine the value of local homes.

Part 4 (11:20)

Ryan and Louis discuss the advantages of doing a short sale vs a foreclosure because the credit ramifications are more favorable.

Listen to other Real Estate Radio shows with Louis Cammarosano

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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  1. 98 mos ago

    According to Zero Hedge, countries outside of the U.S. dumped 74 billion dollars in U.S. Treasuries, most of it over the weekend:

    “Over the weekend, we observed the perplexing sell off of $56 billion in US Treasurys courtesy of weekly disclosure in the Fed’s custodial account (source: H.4.1) and speculated if this may be due to an asset rotation, under duress or otherwise, out of bonds and into stocks, to prevent the collapse of the global ponzi (because when the BRICs tell the IMF to boost its bailout capacity you know it is global). We also proposed a far simpler theory: “the dreaded D-day in which foreign official and private investors finally start offloading their $2.7 trillion in Treasurys with impunity (although not with the element of surprise – China has made it abundantly clear it will sell its Treasury holdings, the only question is when), has finally arrived.” In hindsight the Occam’s Razor should have been applied. Little did we know 5 short days ago just how violent the reaction by China would be (both post and pre-facto) to the Senate decision to propose a law for all out trade warfare with China. Now we know – in the week ended October 12, a further $17.7 billion was “removed” from the Fed’s custodial Treasury account, meaning that someone, somewhere is very displeased with US paper, and, far more importantly, what it represents, and wants to make their displeasure heard loud and clear. (Source)

    Undoubtedly, the Chinese and other countries have recently discovered that Italy and Greece, with smaller debt to income ratios than the United States, are less riskier and carry a higher rate of return. This is because, unlike the US, the Rothschild/Rockefeller bond rating agencies have trashed their country’s debt ratings, forcing them to pay a much higher interest rate than U.S. Treasuries. Hey, if you take the risk, you might as well earn the reward!

  2. 97 mos, 4 wks ago

    Keep posting useful articles! I would love to read them.

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