On Monday July 11, 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 (24:33)
Ryan covers the Casey Anthony murder trial. Ryan noted that Moody’s downgraded Portgual’s credit rating to junk status. Ryan and Louis discuss Italy’s credit rating. Louis notes that Italy is too large of country to bail out and that many western countries have similar debt issues and keep kicking the can down the road by issuing more debt. Louis notes that the road eventually will be a dead end. Louis notes that the debt issues faced by countries can not be solved by issuing more debt. Ryan predicts that the US debt ceiling will be raised. Louis agrees and notes that the issue is that the debt ceiling gets raised routinely and immediate spending cuts are not taken seriously. Louis speculates that the Fed could secretly funnel money to third parties to purchase US debt and comments that since the Fed is not audited it is difficult to keep tabs on their activities;Ryan and Louis note that interest rates are kept artificially low and that all the sovereigns have debt issues; Ryan note that by keeping interest rates low bubbles are created. Louis notes that today’s low interest rates are designed to reflate the housing bubble but notes that as our currency is debased, even if interest rates rise and home prices drops the losses could be offset by paying back in the debased currency;Louis notes that owning a home, commodities, gold and silver may be safe havens in light of economic uncertainty;Louis and Ryan discuss the difference between buying homes as investments vs. speculating and flipping homes;Louis notes that at interest rates in the single digits and below the real inflation rate, the banks are paying borrowers to take the money;Ryan and Shaun Murphy of Remax discuss the Arlington real estate market and note that the market is relatively stable given the amount of government contractors in the area. Shaun notes that 12% of loans in June were VA loans ; cash deals were 11%, conventional loans were 60% and FHA loans were 17%;Ryan and Louis discuss stated loans for self employed borrowers;Louis asks what will happen to the DC market if there are federal cuts; Louis notes,however, the prospect for significant federal cuts are remote;Ryan notes that Warren buffet predicts a housing rebound at the end of this year and that unemployment would drop below 8%; Louis remarks that just because Warren Buffet is a good stock picker does not mean that he understands the overall economy and notes that Warren Buffet has belittled gold as an investment, yet gold has out performed Buffet’s Berkshire Hathaway’s stock; Louis also notes that Buffet often expresses his opinions on the debt ceiling and the tax ceiling; Shaun discusses the rental market in the DC area. Louis notes that as rents rise, owning a home as a primary residence or investment becomes more attractive and also notes that as inflation rises, rents will also rise, whereas a home owner with a fixed mortgage will not see their monthly payments go higher.
Part 2 (15:17)
Ryan and Shaun discuss the lack of investment properties in the DC metro area. Ryan discusses the shadow inventory situation and notes that according to Core Logic there are 790,000 units seriously delinquent 90+ days nationwide, 440,000 units in some state of foreclosure and 440,000 units in completed foreclosures; and according to LPS the ratio of distressed inventory to sales is 50-1; Realty track notes that percentage of discounts off the price of short sales is 9.5% lower vs. foreclosures which are 35% lower;Ryan and Louis discuss low priced homes. Ryan and Shaun discuss the need for a trusted advisor when buying or selling a home. Shaun discusses the importance of pricing a home right when selling. Shaun also emphasizes the importance of staging when selling a home. Louis notes that the HomeGain home improvement survey supports this. Louis reviews the results of the HomeGain home improvement survey. Shaun discusses the benefits of staging-high ROI and fewer days on market than non staged homes. Shaun discusses how he convinces potential clients to stage their homes for sale.
Part 3 (10:21)
Shaun discusses the importance of understanding the median home price in an area. Shaun and Ryan discuss the profile of first time home buyers. Ryan and Shaun discuss today’s low mortgage interest rates.
Part 4 (2:05)
Ryan wraps up the show.
Listen to other Real Estate Radio shows with Louis Cammarosano
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/
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