Real Estate 360 Live With Louis Cammarosano 4/16/12

Posted by: Louis Cammarosano on April 25th, 2012

On Monday April 16, 2012, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate 360 Live radio show on The Big Talker 1580 WHFS AM, hosted by Ryan Sloper.

Listen to the show.

Part 1 (14:41)

Ryan reviews the weeks’ economic news.  Louis notes, that when investors move their assets to a safe place, they chose US Treasuries and that drives interest rates down.  Ryan notes that the Bank of America is looking to bulk sell many of their homes. Louis notes that BOFA’s actions may drive home prices lower. Louis and Ryan discuss the potential economic impact of the BOFA proposed sale.

Part 2 (12:28)

Ryan notes that retail sales came in higher than expected. Ryan notes the biggest jump was in car sales and garden supplies and notes that part of the rise could be attributed to the weather.  Louis notes that if prices rise, retail sales rise even without an actual increase in sales.

Louis notes that just because people spent more money or borrowed money to spend money is not necessarily a sign of a healthy economy. A better indicator than retail sales of the overall health of the economy would be if employment, savings and investment rates were up.

Ryan notes that the Fed believes that it needs to pay as much attention to its regulatory role as its monetary role. Louis notes they have done enough damage with their monetary policy. Louis notes that Bernanke mentioned that the sub price mortgage crisis had nothing to do with Fed low interest rate policies.

Louis disagrees that cheap liquidity and government policies to get as many people in homes as possible had nothing to do with the housing bubble. Louis also notes that the Fed didn’t even see the crisis coming and now they are asking for more power. Louis notes that Bernanke also stated in a 60 minute interview that if there was inflation he was 100% confident he could stop it!

Louis notes while the Federal Reserve does control interest rates, the money supply and credit, it is not likely the Fed can control the entire market economy. Louis notes that money is based on representative value that people trust. Louis notes that if the currency is devalued at some point people lose faith in the currency.

Louis notes that the mindset of investors when there is global financial turbulence, investors seek the “safety” of US Treasuries and that gold and silver only attract a small percentage of investible assets. Louis notes that the Fed is buying 61% of US Treasuries.

Louis notes that China and Japan used to buy a large percentages of US Treasuries. Louis notes that the Fed’s purchases of US Treasuries is necessary because the US Congress continues to deficit spend.

Part 3 (13:06)

Ryan notes that pending contracts rose in the DC metro area year over year. Ryan notes that in the DC metro area it is not a buyer’s market like in the rest of the country. Ryan notes that there is large buyer interest in the DC metro area. Ryan notes that unlike the housing bubble during the 2000′s most of the mortgages today are 30 year fixed rate.

Louis notes that unlike the the period of the housing bubble when he worried about what would have happen to the consumers who took out ARMS when rates rose, he is now worried what will happen to banks who make 30 year fixed rate mortgages when rates rise. Louis notes that making a profit should not be the primary reason for buying a home and that if you want to make money in real estate, buy investment properties or a REIT.

He notes that you don’t expect to make money from buying a car (unless you intend to use it as a taxi). Louis notes that buying a home is not an investment but a shelter expense. Ryan and notes  that when people are engaged in a home buy or sell transaction, they need proper REALTOR representation. Louis pitches HomeGain’s find a REALTOR program available at HomeGain.com

Part 4 (11:55)

Ryan discusses how college students with jobs lined up can get a mortgage. Louis notes that banks aren’t that eager to make loans. Louis discusses what can be found on HomeGain.com

Listen to Housing Bubble on You Tube

Listen to other Real Estate Radio shows with Louis Cammarosano

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

Listen to the Real Estate Radio show of March 26, 2012

Listen to the Real Estate Radio show of March 19, 2012

Listen to the Real Estate Radio show of March 12, 2012

Listen to the Real Estate Radio show of February 27, 2012

Listen to the Real Estate Radio show of February 13, 2012

Listen to the Real Estate Radio show of February 6, 2012

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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Comments

2 Comments on “Real Estate 360 Live With Louis Cammarosano 4/16/12”

Quail West Naples Florida

nice stuff about real estate.

Jim Shawn

Everyone wants to make a saving while selling a property either in the form of listing or while closing the deal. But the question rises how is this possible and who can make this a reality.

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