Posts Tagged ‘ housing market ’

Real Estate 360 Live With Louis Cammarosano 10/22/12

On Monday October 22, 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 (14:37)

Louis and Ryan discuss the direction that the housing market would take if Obama were to be reelected or if  Romney becomes President. Louis thinks there will be not much of a difference and notes that real estate has not been a centerpiece of the Presidential campaign.

Louis notes that the government is not in the best position to “fix” the housing market or the economy.

Louis notes that access to increased credit leads to an ability to spend more which leads to higher prices.

Ryan and Louis discuss the impact of student loans on the housing market. Louis notes that young people’s inability to purchase homes puts down ward pressure on the housing market. Louis predicts that fewer people will go to physical campuses for their college education in the coming years but will receive their education online for less cost.

Louis also predicts that the student loan market will collapse just like the housing market did.

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Posted by: Louis Cammarosano on November 5th, 2012 under Louis Cammarosano on Real Estate Radio


A Brighter Side of Homeowner Taxes

As we rapidly progress toward tax time, April 15, in an atmosphere of economic doom and gloom, there are still some positive situations from which a homeowner can benefit in dealing with homeownership. This article offers a variety of suggestions on tax deductions for homeowners over the 2008 and 2009 tax seasons that you may want to pass along to your clients.

Due to the current economy, homeowners will want to be aware of these important tips, and know whether they qualify for specific deductions, when it is time to submit their tax return.

These tips will provide a focus for current year taxes as well as years going forward.

1. New Home Due to Relocation Tax Deductions

If you purchased a home due to a transfer or new job, you may also have some deductions based on the following requirements: the new location must be 50 miles (one way) or further from your new job than if you had not moved. So, you cannot take this deduction if you are moving within the same city or neighborhood.

The move has to have occurred within a year of starting the new job. You must have worked full time (for any employer) for 39 weeks during the year following the move as long as the location of your new employer is in the general neighborhood of your new home. Continue reading this post


Posted by: Peter McCullough on March 27th, 2009 under Financing, Mortgage and Home Loans


A Dose of Reality

On March 9, 2009, HomeGain held a live PR conference call for the national press and for real estate agents to discuss the recent HomeGain home values survey which polled 700 agents around the country about their views on consumer expectations, housing prices and the new Obama stimulus package.

Although there are differences between market areas throughout the country, most agents experience the same level of false expectations on the part of consumers. They also are experiencing varying levels of foreclosures and short sales in their market areas. Their perspective on the stimulus package and how effective it will be is remarkably similar.

Reality To Myth

The situation which real estate agents and brokers confront every day is the high level of false expectations on the part of consumers. This level of false expectations is increased both by the national press and the agents themselves.

A homebuyer feels that they can purchase a home for fifty cents on the dollar because that is what the press has been telling them. When an agent accepts a listing at a price which will never permit the home to sell, they further bolster the consumer’s false expectations. Continue reading this post


Posted by: Peter McCullough on March 12th, 2009 under HomeGain Radio, Polls

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HomeGain Releases California Home Values Survey Data

Earlier this week HomeGain released the results of a nationwide survey of nearly 700 HomeGain current and former Realtor members. The survey asked their opinions on home prices and the impact of the Obama stimulus package.  On this real estate blog we published the national and regional results.

The HomeGain member survey received national coverage and the results were noted in US News, Dallas Morning News, Boston Globe, Crane’s Investment News, Sellsius, Dallas Magazine, Orange County Register ,RIS Media, Philadelphia Daily News, the Sarasota Herald Tribune, AOL’s Wallet Pop, St. Petersburg Times, Boston Real Estate BlogReal Trends, Realtor Magazine, Inman News,Transparent Real Estate , Agent Genius and other blogs.

Yesterday we published the Texas home values survey data. Today we are releasing the California home values survey data. In the coming days we will be releasing survey data from New York, Florida and Illinois.

The California survey data reflects one of the more troubled real estate markets in the country with 98% of Realtors beleiving their clients’ homes have decreased in value in the past year (compared to 90% of Realtors in the rest of the country).

The level of foreclosures is higher in California than elsewhere as is the average home price. California Realtors were also among the most pessimistic on the direction of home prices in their state in the next six months, with nearly 70% predicting a further decline.

The data also shows that  nearly 20% of California Realtors believe that the Obama stimulus package would act to lower home prices further.

Set forth below is the California home prices data with the national data in parenthesis:

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Posted by: Louis Cammarosano on March 11th, 2009 under Home Prices, Home Values, HomeGain, HomeGain Market Data, Market Trends, Polls

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Now is the best time to buy a house in several years


Yes – contrary to what the media is saying, now is a great time to buy a house.

People who tried to buy a home in the last couple of years often found it to be very difficult. There frequently were multiple buyers interested in the same property forcing buyers to pay over full price.

Also, homebuyers had little leverage to negotiate repairs after a home inspection because if one homebuyer didn’t want to accept the home as is, there would be several others who gladly would.

Well, now the pendulum has swung and the homebuyers have the power.

Prices have come down and buyers can still negotiate even lower prices. Also, sellers have to meet buyers repairs demands or risk losing the buyer and having the home sit on the market a long time until another buyer comes along.

Additionally, interest rates have fallen a bit, which helps make homes even more affordable. Continue reading this post


Posted by: Barry Karch on October 24th, 2007 under Market Trends


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