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 or your Tune In Radio app on your smart phone from 9:00am to 10:00 am every Friday.
So last week we were joined by Rafael Novoa Interior Designer
The Real Estate News this week was interesting. Home Prices experience the biggest rise since the bubble burst. According to Case-Shiller home prices rose 8.1% from a year earlier. This was the biggest year over year increase since 2006. With this recent surge we need to keep it in perspective. We are still 28.4% below 2006 peak prices. New home sales increased on a year over year basis even though they were below the previous month’s pace. There are many reasons for the increase but low inventory is the biggest reason. The rent or buy question is back in the mix. It is nothing more than a mathematical equation but every area is different. For example Detroit and Chicago are definite buys but San Francisco and Los Angels the math is leaning toward renting. Buying versus Renting a Home is nothing more than a mathematical equation.
Today Vince and I are on our own again in an effort to make sense in an non-sensical world.
Please join us live at www.wbcb1490.com (or downloand Tune In Radio App for your phone) for the open discussion about the real estate market and the real estate financial market.
In combination with CBS and WPHT 1210 am 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 issue this month. For a FREE subscription please email us.
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.