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 think 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 Larry Burns from Conestoga Bank to discuss small banks and commercial lending. This week was full of great current events: Why Bright Spots in Housing won’t save the economy. Since the 70’s housing rebounds have been a sign of things to come. Not this time. The Federal Reserve chairman testified that the economy has not gotten any better and probably won’t for a while even as housing has seemingly recovered. More Signs of a Housing Boom. Housing Starts rose 6.9% over May. And the highest level since October 2008. Builder optimism is up. Home Sales Swoon. So builder optimism is up but sales of previously owned homes fell. Down 5.4% from May. The chief economist for the National Association of Realtors felt the drop was because the lack of suitable homes on the market. Fussy Buyers and Sellers hurt home sales. It appears that the short sale properties need too much work for the new age home buyer and until the prices rise a bit the regular seller will wait to sell. Just a few mixed messages.
Today Vince and I are on our own. Believe it or not we wanted to just talk about the real estate market the mortgage market and how print media and radio and the internet work together to deliver a message.
We have recently been using www.CBSPhilly.com/AskPete to entertain questions that people feel more comfortable asking anonymously.
Please join us live at www.wbcb1490.com for the open discussion about the different mediums to grow your business,
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.