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 joined by Jennifer and Solon from the “Mickey Passcarella Group” as we discussed their view of the market and how they service their customer base. This week had some interesting current events. The Consumer Protection Agency is looking for a “No Fee Mortgage Option”. This is an attempt to make shopping for a loan easier. Why? Consumers find it hard to compare one lender against another. Interestingly this is again a great idea that will get lost in translation. The No Fee loan exists now but the rate is higher. The same agency is currently under fire for
“wasteful” spending. Okay for full disclosure the conservatives are picking a fight with the liberals. That’s a shock. They make a valid point. Why is the agency spending money on education on basic banking practices for the lawyers they hired? Couldn’t they hire lawyers who knew basic banking practices? Home Sales Climb 2.3% in July. This is great news for the economy. Also the median price increased 9.4% from a year earlier. July New Home Sales jumped 3.6% in July. The real head turner is that new home sales are up 25.3% from a year ago. While it is still low compared to the old normal it is ahead of the new normal. New Home builders help the economy by buying lumber, sinks, dish washers etc. This is all a good thing.

Today Vince and I are joined by Brian Vaughan of Jarrett Vaughan Builders. Founded in 1977, Jarrett Vaughan Builders, Inc. quickly established itself as the premier custom home builder in this area. They have been building and renovating homes in some of the most beautiful locations in Bucks and Montgomery Counties for nearly 30 years. The emphasis of their work is to provide uncompromising quality and unparalleled service. Since each home is custom built, their process begins and ends with the customer. Their staff is “just the right size”. They are big enough to have experts in all the fields necessary to exceed your expectations and yet small enough to know their customers on a first name basis.
In combination with www.CBSPhilly.com/AskPete 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.
Please join us live at www.wbcb1490.com for the open discussion about the current status of the new home industry in your neighborhood.
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.

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