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 us. For those of you who are new to the show I have spent the last 40 years in the real estate industry both as a realtor and a mortgage banker. The 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. 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 on your FREE app Tune In Radio from 9:00am to 10:00 am every Friday.
So last week we were joined by Bobby Huber of Oskar Huber Furniture. .This week the Real Estate News included Federal Reserve Chairman says Congress is still a risk to the economy. That cannot be a shock based on how often they do on recess. Ben Bernanke told Congress that the fiscal fighting may “upend the moderate pace of economic growth.” Remember that a group of baboons is called a “Congress”. The Chairman reiterated that easing the stimulus is not on a preset course. Funny, I heard his first statement weeks ago and read the statement after he made it and still he had to reiterate it. Seriously are we stupid? The change in the Fed’s stance is based on economic growth. Finally, John Paulson says Buy a House. If you have not bought one yet buy one. If you have one buy another. This said by the same man that in 2006 saw housing at it peak and said sell is now screaming at the top of his lungs to buy. He also put his money where his mouth is. His company has been buying land in Florida, Nevada, and Arizona. He thinks the real estate market is at the bottom and we have 4 to 7 years of growth. According to him it is not too late to jump in.
Today we are joined by my new loan officer Eddie Ward. Eddie has joined me here at Gateway Funding and together we are trying help customers understand the process of getting a mortgage in today’s ever changing environment. Eddie is a local guy who graduated from Conwell Egan Catholic and Shippensburg University.
Please join us live at www.wbcb1490.com for the open discussion about the 9 biggest mistakes seller make when picking an agent (according to the sellers after they sold their homes).
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.