Posts Tagged ‘ presidential election ’

Real Estate 360 With Louis Cammarosano 1/9/12

On Monday January 9, 2012, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate 360 radio show on The Big Talker 1580 AM, hosted by Ryan Sloper.

Listen to the show.

Part 1 (14:56)

Ryan and Louis offer their predictions for 2012 on the general economy, real estate market, interest rates, the presidential election, the price of gold oil and silver and foreclosures. Louis notes that the beginning of the year will be a continuation of low interest rates, working off inventory and a tepid market but predicts a financial shock at some point in 2012 perhaps based on a European debt crisis or something in the US.

Louis notes that there is no way to solve the housing crisis or the general sovereign debt crisis other than to allow the debt to be liquidated, but notes that the central banks are not willing to allow it.

Ryan notes of a new tax on mortgages that helps Fannie  Mae and Freddie Mac which Louis characterizes as a back door bailout of these entities.

Louis notes that many home buyers are holding off on purchasing a home because they think interest rates might go lower or that they will stay low for a long time or that home prices will fall further. Louis notes that more likely rents will rise and that it makes sense to get a long term low interest rate to protect against the rise in the real cost of shelter.

Louis notes that if interest rate rose it would be a disaster for the US government  as it would make it even more difficult for the US to pay off the interest. Louis notes that the Fed’s operation twist is intended to keep long term interest rates down. Louis notes that institutional investors purchase US government bonds for their perceived safety. Louis notes that the US is actually printing LESS physical currency as the cost of paper and its components (cotton and ink) are getting more expensive.

Continue reading this post


Posted by: Louis Cammarosano on January 28th, 2012 under Louis Cammarosano on Real Estate Radio

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Uncertain Times Pending the Presidential Election

The HomeGain Advisors Group met last Thursday for its 4th quarter Web conference. The Advisors Group is comprised of real estate agents and brokers from across the country, many of whom have partnered with HomeGain since 1999.


The overall consensus of the Advisors during the discussion is that these are undoubtedly very uncertain times, and the majority of them don’t expect any change in the pace of real estate sales until the 2008 presidential election is over.


In fact, the current thinking is it doesn’t seem to matter which way the election will go.  What matters is that it just needs to happen and we need to get it behind us and move on.


When asked by HomeGain General Manager Louis Cammarosano what effect the election is having on the real estate market, Mike Kollar, who works in the Seattle, WA, area, said, “my mantra is we need this election to be over”. In his opinion, it’s not unusual for an election to cause such uncertainty in a market.


Bill Eiseman in Virginia Beach, VA, chimed in, saying, “I see a lot of people just waiting it out.  I prospect on the phone and people are waiting to see what will happen after the election and the 1st of the year. The mindset is 2009 is going to be better!”


The sense of most of the Advisors is that both home buyers and sellers are sitting on the sidelines, even more now so since the stock market mess became the big story three to four weeks ago.


The Advisors continue to be optimistic despite the turbulent economic times. Continue reading this post


Posted by: Peggy Boehm on October 27th, 2008 under HomeGain


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