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 values 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.
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The Real Estate News this week was limited to Why some homeowners won’t take cheap money? It appears that only 25% of those people who qualify for programs like HARP actually step up and take advantage. Are the 75% not taking advantage tired of being sold? Are the costs too high? According to the CEO of Quicken Loans (should be called slower loans) they send some very “serious” looking letters to would be borrowers. Typically the costs are pretty high. I am intrigued that we keep talking about being underwater and we push these people deeper. Why not simply recast their loan at no cost? The “Sequester” has certainly taken center stage if for nothing else to see where the name came from. It is a fancy word for automatic across the board funding cuts. Like “tarmac” is the fancy word for runway. Are you kidding me? The crazy part is that the “sequester” was never intended to actually happen. That’s right the geniuses that we elect to congress figured they couldn’t agree to spending cuts in an election year so they pushed it off till March 1st in hopes they could agree then. It is estimated that coupled with the payroll tax cut this could stunt our growth by about 1.5% and cost about 750,000 jobs by the end of the year.
Today Vince and I are on our own just trying to make sense of things that make little to no sense.
Please join us Sunday Morning at 5:30 on WPHT 1210 am for an honest assessment of the markets in your area.