On Monday May 2, 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 (24:18)
Ryan discusses the death of Osama Bin Laden;Ryan reviews the economic news of the week;Ryan notices the correlation between increased home sales and interest rate drops;Louis notes we can’t expect the housing market to be supported by further decreases in rates as they are already near historic lows;Ryan explains that interest rates change once every four hours; Ryan notes the difference between getting a quote and being locked in to an interest rate; Ryan advises the importance of keeping in touch with your mortgage lender;Louis notes that interest rates change a lot faster than home prices; Ryan notes that the consumer confidence was up,Ryan and Louis discuss the Fed’s decision to keep interest rates where they are and to continue the $600 billion QE2 program; Ryan and Louis discuss the Fed’s view that inflation is nascent;Louis notes that not only does the Fed not see inflation that exists but disclaims any responsibility for it; Louis asserts that there is a correlation between oil prices and Fed policy; Louis discusses Ben Bernanke’s assertion that the Fed can’t control oil prices but that they somehow can control the impact of higher oil prices on the rest of the economy; Louis also remarks on Bernanke’s view of the dollar-the claim that a strong dollar can be achieved through the Fed’s current policy as it is their belief that they are creating a sound economy and therefore a sound dollar; Louis notes the irony of the Fed chastising Congress’ spendthrift ways – if the Fed did not monetize the debt, Congress could’nt spend;Louis noted that as Bernanke spoke the prices of gold and silver rose as it seemed that the Fed has no interest in cutting off the easy money;the current Fed policy will keep interest rates low; Ryan notes that the Fed knows that they can’t let interest rates rise because of the housing mess; Louis notes that the Fed has a Hobson’s Choice-either keep rates low or let interest rates rise and cut off the recovery. Ryan noted that the Fed claimed oil prices rose due to demand from emerging markets;Ryan notes that countries are trying to get away from using the dollar as a means of settling transactions;Louis and Ryan talk about the impacts of inflation on potential home buyers’ ability to purchase a home; Gas prices around $4.29 in the DC metro area and San Franciso Bay area;Louis notes that food, energy and housing are the main expenditures of consumers and if the cost of rent is more than cost of ownership, it makes sense to buy;Ryan notes that one in four renters spend half of the paycheck on rent and utilities;Louis and Ryan talk about the difference between real estate investment and real estate speculation.
Part 2 (15:29)
Part 3 (9:44)
Ryan wraps up the show. (1:57)
Listen to other Real Estate Radio shows with Louis Cammarosano
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
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/