Hello, and welcome to another edition of Real Estate Radio News right here on WPHT 1210 am every Sunday morning from 5:30 to 6:00 am.
The next 30 minutes are reserved to share with you some of the Real Estate News in your local area and how it affects you. Every marketplace has obstacles. I hope that today’s show provides some practical solutions in an effort to help you on the path to finding new opportunities.
Please feel free to call 215-740-8999 or visit peterbuchsbaum.com.
So last week Ed and I were on our own rambling about the current market. Meanwhile…
This week the Real Estate News was again pretty limited because all eyes have been the Federal Reserve. Here is a look at some of the real estate news that impacted the Fed’s decision. New Home Starts are down. That’s right the torrid pace of building new homes has slowed. Permits have also dropped. The uptick in rates is still being considered a “restraint” but not a “derailment” according to economists. The Fed said NO to ending the stimulus. Since May the Federal Reserve has been saying the same thing. The “tapering” of their bond buying program is data dependent and they have not seen sufficient data to stop stimulating the economy.
Today Eddie and I are on our own again in an effort to discuss why NO is not the last answer to the mortgage qualifying question.
Please join us on WPHT 1210 am for an open discussion about your current marketplace.
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.
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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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