Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining Vince and me. For those of you who are not familiar with the show I am the guy with a bow tie and a bit of an attitude and Vince is the fun affable best friend. Our show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. Vince and I believe that most people are looking for practical advice. Please feel free to call 215-740-8999 or visit peterbuchsbaum.com.
Please join us live on the web at www.wbcb1490.com from 9:00am to 10:00 am every Friday.
So last week we were joined by Kathy Gentner from Right Side Up and we talked out “short sales” and the need for a short sale specialist. This week had some interesting current events. Should you Buy or Rent? Zillow crunched the numbers to figure out how long a new homebuyer would have to own their home before it would make better financial sense to buy. It’s at this “breakeven horizon” that total rental costs would exceed the total cost of home ownership. In three-quarters of the U.S., that horizon is three years or less, according to Zillow’s chief economist, Stan Humphries. Is the Federal Reserve creating a lending crunch? Federal Reserve chairman Ben Bernanke is looking to lower borrowing costs. Gross, who is the co-founder of asset management firm Pimco and the manager of the largest mutual fund in the world, says the Fed’s policies have made borrowing so cheap it may not make sense for banks to lend anymore. So that explains why my job is so hard.
Today Vince and I are joined by Sara Moyher from Prudential Fox Roach Realtors in Wayne. “There are plenty of nice knowledgeable agents, but are they ready, willing, and able to do whatever it takes to get the job done?” Sara not only gets the job done but doing it means everything to her. Sara also is a marketing person. She has marketed herself as the premiere agent for the 2013 US Open as the go to person for rentals. Sara figured out that roughly 250,000 to 300,000 people will visit the main line area for the US Open and housing will be at a premium.
In combination with www.CBSPhilly.com/AskPete we have also been fortunate enough to have been asked to write some articles in “Local Living Magazine” to explore some of the questions you all ask us and the answers we provide. Look for your latest issues available next week.
Please join us live at www.wbcb1490.com for the open discussion about the current status of the housing industry in your neighborhood and to learn how to get a premier rental for the 2013 US Open.
Each week we discuss the myths of the mortgage market. It is not about rate. A higher rate with no mortgage insurance may provide a lower payment.