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 or Tune In Radio’s FREE app. from 9:00am to 10:00 am every Friday.
So last week we joined by Sherri Eckles from Gateway Funding’s 203K department.
This week the Real Estate News was Building Starts decline to a 5 month low. So the housing starts declined 16.5% from the highs of last month. This was a greater decline than was anticipated. Interestingly the permits were up more than estimated. Silver lining for sure. On another upbeat note dreaded inflation was actually tamer than expected. We paid less for gas which was the biggest driver to a lower CPI figure. We believe that the daily snippets we see are simply more background noise. The economy is not robust and we think housing should and could be the biggest driver of a healthy economy if the banks would simply lend money.
Today Vince and I are joined by George N. Luciani, President of Capital Planning Advisory Group. Mr. Luciani holds a Bachelor of Science degree in Business Administration with a concentration in Economics and Marketing from Villanova University, as well as master credits in Probability and Statistics from Drexel University. He has been active in the financial services industry since 1984. Mr. Luciani is the current Chairman of the Philadelphia Chapter of the Market Technician Association. He has also served as the Regional Director of the Institute, where he was responsible for representing the professional interests of approximately 3,000 Certified Financial Planner licensees in 15 societies between Maine and Maryland. Mr. Luciani is also the former Chairperson of the Princeton Society for the Institute of Certified Financial Planners.
Please join us live at www.wbcb1490.com for the open discussion on the difference between savings and investments and the idea of a financial plan from someone with no axe to grind.
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.