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 were we were joined by Chris Nisbet of J. Carroll Malloy Realtor. J. Carroll Malloy is the oldest independently owned real estate firm in Bucks County. This week had some interesting current events. Home Sales and Prices Jump in November. Existing home sold 5.9% more than last month with 5.09 million units sold. The increase was greater than expected. Keep in mind in 2005 the number of units sold were 7.1 million. The median price was also up a significant 10.6%. The best news is that “distressed home” sales dropped from 24% to 22%.
Today Vince and I are on our own celebrating the “end of the world” according to the Mayan’s. They must have been mistaken as we are here and alive and well. This does give us the opportunity to take a little break from real estate and mortgages to help celebrate the holidays with a song from B101’s Choir Competition called “Hot Chocolate” and performed by the Cold Spring Elementary School 6th Grade Choir. They took 3 place in a competition that encompassed the 5 counties here in the Philadelphia metropolitan area as well as three counties in New Jersey.
Please join us live at www.wbcb1490.com for the open discussion about the silly rules in mortgages and listen to “Hot Chocolate” .
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.
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.