Posts Tagged ‘ ryan sloper ’

Real Estate Radio With Louis Cammarosano – 5/16/11

On Monday May 16, 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 (24:12)

Ryan and Louis  talk about the economic events of the week.  Ryan mentions the Mississippi flooding. Ryan and Louis discuss the debt ceiling issues and that Timothy Geithner, U.S. Treasury Secretary has a few loopholes to avoid the government defaulting.  Louis also notes  that the US will have to raise interest rates to attract investment. Louis notes that raising the debt ceiling is a matter of course for Congress rather than cutting spending to avoid hitting the debt ceiling. Louis notes that it is considered an “extreme” position to want government to not spend more than it takes in. Ryan notes that China owns $1.14 trillion in US debt and is trying to diversify its assets away from the U.S.  Louis notes the dilemma that China is in if they stop purchasing US Debt as the US may not be able to meet paying the interest payments to China without the proceeds from the sale from further US treasuries. Louis notes the fallacy that spending more money when you owe money can solves a debt issue. Louis mentions that the US is the largest debtor nation in the history of the world. Louis notes the practical impact of a government shut down;Ryan and Louis discuss the number of home owners that are underwater on their mortgages;Ryan discusses mortgage and refinance options for such home owners;Ryan notes that business confidence is at a seven month low; Louis mentions that employers get more productivity out of existing employees rather than higher additional employees; Ryan notes the top three areas of job growth over the last year: health care, government and education; Louis notes that state governments, however, are cutting employees to try and close their budget deficits; Federal government job and government contract job growth remains robust;Louis notes that states are limited in their ability to raise revenue by printing money or raising taxes;Ryan reviews current mortgage interest rates;Ryan notes that for the week ended May 7 unemployment benefit decreased and that oil prices decreased, CPI rose 3.25% the most since 2008 but without food and energy prices included prices rose just .2%. Louis and Ryan note that food and energy prices are the largest components of peoples’ budget and discuss whether the rise in food and energy prices are “transitory”;Louis notes that the Federal Government gives no consideration for the various cost of living differences across regions of the United States, noting that a couple earning $250K in the DC metro area is not rich while a similarly situated couple in Alabama might be so considered; Louis and Ryan discuss the direction of oil prices this summer;Louis notes that governments make more in taxes when gas prices rise.

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Posted by: Louis Cammarosano on June 12th, 2011 under HomeGain, HomeGain on Real Estate Radio, Louis Cammarosano on Real Estate Radio

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Real Estate Radio with Louis Cammarosano 5/9/11

On Monday May 9, 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 (24:03)

Ryan mentions that Facebook founder Mark Zuckerberg may have purchased a home in California; Ryan reviews the economic events of the prior week;  Ryan notes that interest rate are still heading down;Ryan notes that the DC real estate market is competitive on the buy and rent sides and that would be renters in the DC area are turning into would be buyers; Louis notes that the DC housing dynamic is different from the rest of the country where housing prices are down and there is plenty of inventory;Louis notes that if it is cheaper to buy than rent that it makes sense to get a long term low interest rate loan; Louis talks about the benefits of visiting HomeGain.com; Louis discusses the HomeGain FSBO vs. Realtor survey and the advantages of hiring a REALTOR; Louis and Ryan discuss the HomeGain home improvement survey and recount the types of home improvements that provide the best return on investment;Ryan and Louis talk about pricing strategies for selling a home;Louis and Ryan discuss the differences between pricing a short sale and pricing a non short sale home; Louis notes pricing a home too high may keep the home on the market a long time and that the more days a home is on the market makes a home look like damaged good;Ryan describes short sales as foreclosure avoidance and discusses the impact of each on FICO scores; Ryan talks about the options that people with underwater mortgages have; Louis mentions that 72% of home buyers and sellers pick the first real estate agent they meet and points out the value in comparing agents first using HomeGain’s Find a REALTOR program; Louis can Ryan discuss the level of shadow inventory the impact on sellers as more inventory gets released;

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Posted by: Louis Cammarosano on May 22nd, 2011 under HomeGain, HomeGain on Real Estate Radio, Louis Cammarosano on Real Estate Radio

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Real Estate Radio with Louis Cammarosano 5/2/11

On Monday May 2, 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 (24:18)

Ryan discusses the death of Osama Bin Laden;Ryan reviews the economic news of the week;Ryan notices the correlation between increased home sales and interest rate drops;Louis notes we can’t expect the housing market to be supported by further decreases in rates as they are already near historic lows;Ryan explains that interest rates change once every four hours; Ryan notes the difference between getting a quote and being locked in to an interest rate; Ryan advises the importance of keeping in touch with your mortgage lender;Louis notes that interest rates change a lot faster than home prices; Ryan notes that the consumer confidence was up,Ryan and Louis discuss the Fed’s decision to keep interest rates where they are and to continue the $600 billion QE2 program; Ryan and Louis discuss the Fed’s view that inflation is nascent;Louis notes that not only does the Fed not see inflation that exists but disclaims any responsibility for it; Louis asserts that there is a correlation between oil prices and Fed policy; Louis discusses Ben Bernanke’s assertion that the Fed can’t control oil prices but that they somehow can control the impact of higher oil prices on the rest of the economy; Louis also remarks on Bernanke’s view of the dollar-the claim that a strong dollar can be achieved through the Fed’s current policy as it is their belief that they are creating a sound economy and therefore a sound dollar; Louis notes the irony of the Fed chastising Congress’ spendthrift ways – if the Fed did not monetize the debt, Congress could’nt spend;Louis noted that as Bernanke spoke the prices of gold and silver rose as it seemed that the Fed has no interest in cutting off the easy money;the current Fed policy will keep interest rates low; Ryan notes that the Fed knows that they can’t let interest rates rise because of the housing mess; Louis notes that the Fed has a Hobson’s Choice-either keep rates low or let interest rates rise and cut off the recovery. Ryan noted that the Fed claimed oil prices rose due to demand from emerging markets;Ryan notes that countries are trying to get away from using the dollar as a means of settling transactions;Louis and Ryan talk about the impacts of inflation on potential home buyers’ ability to purchase a home; Gas prices around $4.29 in the DC metro area and San Franciso Bay area;Louis notes that food, energy and housing are the main expenditures of consumers and if the cost of  rent is more than cost of ownership, it makes sense to buy;Ryan notes that one in four renters spend half of the paycheck on rent and utilities;Louis and Ryan talk about the difference between real estate investment and real estate speculation.

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Posted by: Louis Cammarosano on May 21st, 2011 under HomeGain, HomeGain on Real Estate Radio, Louis Cammarosano on Real Estate Radio

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Real Estate Radio with Louis Cammarosano 4/25/11

On Monday April 25, 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 highlights of the show!

Part 1  (24:46)

Ryan and Louis discuss the upcoming Fed meeting and press conference;Louis thinks the new transparency will provide useful soundbites for fed detractors in the future; who will buy US treasuries when QE2 ends? will there be a failed auction? what will happen to interest rates? Louis discusses runaway monetary and fiscal policies; is the rise in oil prices caused by speculation? what about the rise in other commodities, are those increases caused by speculation? isn’t the real speculation in the US dollar? the demand for silver as a hedge against inflation; the impact of the Chinese and Indians on the price of silver; the value of a low interest loan used to purchase a home; why renting in an inflationary environment  may be risky;are government jobs in D.C. a sure bet? Ryan and Louis discuss the levels of “productivity” of employees in the Department of Energy and Department of Education; the lack of a change in debate regarding the existence of the Federal Reserve and what the Federal government should or should not do; Ryan and Louis disagree on the best profile for a potential US President; discuss career politicians and their reliance on academia for economic advice- and get Keynesian counterfeiting advice; Rand Paul; how US Presidents are generally out of touch on consumer item prices; Donald Trump; Ryan reviews the week’s economic data; the fallacy of  why a weak dollar is good for the U.S.; why the Fed is in a bind; why the Fed will continue to kick the can down the road; Louis provides the HomeGain 1st quarter 2011 Virginia  home values survey results and the HomeGain1st quarter 2011 national home values survey results.

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Posted by: Louis Cammarosano on May 2nd, 2011 under HomeGain, HomeGain on Real Estate Radio, Louis Cammarosano on Real Estate Radio

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Real Estate Radio with Louis Cammarosano 4/18/11

On Monday April 18, 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 highlights of the show!

Part 1  (23:58)

Ryan and Louis review the economic events of the week that  impact the real estate market; corporate earnings update; direction of interest rates (30 year fix at 4.75%-5.00%); the financial results of the banking companies; the tax that  banks pay or don’t pay; unemployment filings up unexpectedly;inflation rate and mortgage rates-Consumer Price Index up to 2.7%  the largest12 month  jump since December 2009; The inflation rate rose 1.2% when the core core inflation data (food and energy) is stripped out; Gas jumped 5.6% in a month and 27.5% over a year ago, food up .8% the most since July 2008;a discussion of the fallacy that the core inflation data can be dismissed as not an accurate indicator of inflation; if there is a lack in consumer demand will oil prices decline? not if the dollar declines!; University of Texas fund manager takes physical delivery of $1 billion in gold; a discussion of reckless fiscal and monetary policy; what happens when QE2 expires? who will buy US treasuries? will the Fed raise rates dramatically? will Congress make significant cuts? Is there an alternative currency to the dollar? S&P downgrades the US debt; no entity on earth can sustain a $14 trillion debt burden; the problem that the US faces if it has to raise rates-its debt service costs will increase; what impact will an interest rate rise have home prices; how inflation helps the homeowner if the homeowner has a fixed rate mortgage vs. renters who may face rent hikes in an inflationary environment; selling gold and silver for real estate at some point in the future; no asset class is always worth holding;regulators close more banks -34 this year so far.

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Posted by: Louis Cammarosano on May 1st, 2011 under HomeGain, HomeGain on Real Estate Radio, Louis Cammarosano on Real Estate Radio

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Real Estate Radio With Louis Cammarosano 3/14/11

On Monday March 14, 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 highlights of the show!

Part 1 (23:51)

Louis and Ryan discuss the impact of the earthquake and tsunami on the world economy; inflation, interest rates, the Fed and Bank of Japan action and the U.S. budget negotiations; the profile of home purchasers today;the paradox of government intervention to make “homes affordable for everyone”; the direction of the rental market, rent vs. buy ratios; the comparison of Fed action during the Volker years vs the Bernanke era;  Charlie Sheen, oil prices; the direction of the dollar and other currencies race to the bottom; the status of the dollar as the world’s reserve currency;the abandonment of the gold standard; the fate of fiat currencies; Utah’s gold standard push; the actions states are taking to cut spending;the price of gold and silver and their role as stores of value;real estate vs. gold and silver as investments; the impact of shadow inventory on general inventory;the impact of the numbers of government workers and their salaries on the D.C. area housing market.

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Posted by: Louis Cammarosano on April 13th, 2011 under HomeGain, HomeGain in the News, HomeGain on Real Estate Radio, Louis Cammarosano on Real Estate Radio

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