On Monday April 18, 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 highlights of the show!
Part 1 (23:58)
Ryan and Louis review the economic events of the week that impact the real estate market; corporate earnings update; direction of interest rates (30 year fix at 4.75%-5.00%); the financial results of the banking companies; the tax that banks pay or don’t pay; unemployment filings up unexpectedly;inflation rate and mortgage rates-Consumer Price Index up to 2.7% the largest12 month jump since December 2009; The inflation rate rose 1.2% when the core core inflation data (food and energy) is stripped out; Gas jumped 5.6% in a month and 27.5% over a year ago, food up .8% the most since July 2008;a discussion of the fallacy that the core inflation data can be dismissed as not an accurate indicator of inflation; if there is a lack in consumer demand will oil prices decline? not if the dollar declines!; University of Texas fund manager takes physical delivery of $1 billion in gold; a discussion of reckless fiscal and monetary policy; what happens when QE2 expires? who will buy US treasuries? will the Fed raise rates dramatically? will Congress make significant cuts? Is there an alternative currency to the dollar? S&P downgrades the US debt; no entity on earth can sustain a $14 trillion debt burden; the problem that the US faces if it has to raise rates-its debt service costs will increase; what impact will an interest rate rise have home prices; how inflation helps the homeowner if the homeowner has a fixed rate mortgage vs. renters who may face rent hikes in an inflationary environment; selling gold and silver for real estate at some point in the future; no asset class is always worth holding;regulators close more banks -34 this year so far.
Part 2 (13:14)
Part 3 (12:38)
Ryan wraps up the show. (2:23)
Listen to other Real Estate Radio shows with Louis Cammarosano
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 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/