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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.

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Posted by: Louis Cammarosano on October 23rd, 2011 under HomeGain, HomeGain on Real Estate Radio, Louis Cammarosano on Real Estate Radio

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