Face it. If we believed everything we heard or read none of us would never even think of buying a home again. The news has been nothing but negative about real estate across the country. The next 30 minutes is our opportunity to dispel the myths associated with the real estate landscape in your local area. Within every marketplace 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.
The Real Estate News this week has been very limited. Amateur Investors tap their 401K’s to buy homes. According to the financial services firm LM Funding in Tampa many people are cashing out their 401K’s to take advantage of the market. For example Las Vegas (ground zero for foreclosures) have seen prices jump 17.6%. Lots of people are looking to buy homes and get 8% returns. After deducting fees in today’s environment your lucky if you can get 2%. Hence the danger of raiding your retirement funds. The Market does not lie: Housing Recovery is Real. If you were not looking you missed the real estate recovery. Look to Home Depot’s stock. According to Home Depot’s CEO they are continuing to “benefit from the housing market.” Sherwin Williams and Bed Bath and Beyond have been big performers this past year. The market never lies.
Today we are joined by Rocco Lombardo of 3R’s Construction and Consulting. Rocco was born and raised in South Philadelphia and began 3R’s in 2008 after spending 3 years learning his craft from Chris Piccoli. Rocco gained his knowledge about the financing side of the equation working for the Lending Group in West Deptford.
Tune in to find out more about the Federal Housing Administrations Rehabilitation Loan. The 203K .
Please join us Sunday Morning at 5:30 on WPHT 1210 am for an honest assessment of the markets in your area.