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.
In real estate news this week a study showed that the “median” wage for managers at FHFA (the Government agency that oversees Fannie Mae and Freddie Mac is $200,000 per year. C’mon man! They claim they need to pay those wages to get good people. I will happily take the job for $125,000 a year. I can make better decisions than the idiots that work there now and save money. Short sales have increased significantly over the past two months. The explanation is that consumers are rushing to sell before we go over the “fiscal cliff” and they can no longer take advantage of the “debt relief act. C’mon man! I actually saw an article advising people to sell their short sales before the end of the year. Knowing that short sales are anything but short it’s a little late to tell me now.
We are thrilled to be joined today by Dave Eck from CMS Appraisal Group of Warminster. The rules of appraising continually change and we wanted to take some time to discuss the current climate in the Philadelphia metropolitan area.
Tune in Sunday at 5:30 am on WPHT 1210 am or listen on www.realestateradionews.com Sunday afternoon.