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 did our first remote show from a Senior Espo discussing home prices on the rise.
The Real Estate News this week was pretty much second on the list of priorities in the wake of the insanity of the events in Boston. There were however a couple of stories that I thought Vince might find interesting. First, Builders pass key milestone. Some mixed news from the homebuilders. Yes the annual pace of housing starts topped 1 million for the first time in 5 years. Reading between the lines however revealed that there was a surge in apartment buildings while single family homes actually fell 6% from February. Even as they topped the million mark permits fell 4% from the month before. Still this is better news than 5 years ago. Second was the article that gave Three Reasons the Housing Recovery may not last. This was disconcerting to me because I like selling good news not bad. The article discusses that thought that the buildup in prices was driven by an investor lead boom that is coming to an end. And that the “sequestration” cuts will adversely affect the economy so much that housing will falter.
Today Vince and I are on our own again in an effort to make sense in a non-sensical world.
Please join us live at www.wbcb1490.com 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.