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 Sherri Eckles from Gateway Fundings 203K department. This week had some interesting current events: Banks Under Attack. So all of the big banks have suffered internet outages recently. Interestingly there is no threat to accounts just difficulties in accessing information. It is a sign to switch to a credit union. Mortgage Rates hit all time lows (again). So while the housing market has shown signs of recovery sales are well below what was typical before the bubble. So again the lower rates are a help but not the solution to the housing woes. Payroll Tax Cuts may not survive the Fiscal Cliff. Say goodbye to your 2% payroll tax cut. That right it was only temporary. This “stimulus” saved the most of the country’s 160 million workers somewhere between $700 to $1,800 a year. So the tax cuts cost the country $120 billion a year so to stop the deficit bleeding this little gift will go away January 1st. Is the Housing Recovery for real? There were some positives this last week but each positive was followed by a harsh negative. For example home prices in July rose from the previous month for a third month in a row. However not all markets are created equally. The hardest hit markets have seen prices rise while large metro areas like New York has actually seen a decline in prices of 2.6%.
Today Vince and I are joined by John D’Angelo of D’Angelo Company CPA. At D’Angelo & Company, PC, they combine the experience of a large firm with the personal attention of a small practice. They strive to set the highest standards of service through meticulous quality, personalized care, and trustworthiness. John’s clients know they are in good hands, and that’s why they return year after year. They strive to maintain their long-term relationships by meeting every need, no matter how simple or complex.
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. Look for your latest issues.
Please join us live at www.wbcb1490.com for the open discussion about your mortgage as a deduction and is rate more important than savings.
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.