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KMBZ>Audio & Video on Demand>>Life As You Own It 2.20.14 Segment 3

Life As You Own It 2.20.14 Segment 3

Feb 20, 2014|

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    home loan found at 2:45

    paradigm shift here. Obviously for the past 34 decades if you're tracking interest rates on mortgages you'd notice that in general taking -- as at five every contain year. Average window of time decade over decade mortgage rates have typically. Trended lower lower lower so when moving up and home or. Refinancing your whatever has come along -- been -- the benefit at a lower interest rates usually it's is an additional motivate her for people that are looking at moving like -- you know we're. Seven and a quarter and my first home loan for example was eight and a quarter. And when I bought my is my next home I think I got seven or something so it was a huge. Different generate over just a couple of years period of time was when rates dipped down I was able to buy another home. For not a whole lot more money. Even those more expensive house because my interest was so much -- well. That's typically what we've seen. As a trend and people of enjoyed that now that might be changing so if you look at the Adam average rate of the past few years. Interest rates dip down to a record level on the low threes on a thirty year mortgage November 2012. And it took till about
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    buy houses found at 13:26

    prices rise slightly but we're just seeing in that the people wanna buy houses are continually saying you know what I can't find a house so. In my world if there's not a lot of inventory
  3. Life As You Own It 7.16.14 Segment 3

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    vending machine found at 1:55

    but to others survey that shows. Virtually everyone who lives above the poverty line has the ability to -- twenty bucks a week saving. Is a habit. And it's something that if you develop at a young age. That it can become a part if you were financial DNA so you do you have the ability to save regardless how much money you make and that's when he dollars. On if you're -- just above the poverty line is a big chunk of money that will make a difference for you if and when you needed. I'm not people that play the lottery -- chances went in the water. Sitting him lynching so -- it's getting hit by lightning. Vending machine -- the Wall Street Journal analysis 95% of gamblers Li use in the end. You gotta know when to hold them and pull them. And what went on -- -- on -- -- of -- -- said they -- well I just -- that -- half truths to -- kind of -- and the dogs vet her for buying on credit folks don't get in the habit don't use this credit cards if you pay cash in your cognizant of and you're only spending what you have and I am not as much as
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    dogs chase found at 6:08

    he wanted to circle that block a few times. -- and rabid dogs chase you down so. I drew that -- -- you -- -- all love don't fall for love at first sight drew says
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Automatically Generated Transcript (may not be 100% accurate)

-- Scheme. In. In there and flew. Mirror and I. All right his last segment of life that you -- it we are very appreciative to have some guests to fill the shoes of dragging. Since Craig's not here I'm gonna say that they didn't only filled issues they split the issue sounds. And you know when you see the little little golden baby issues beat you you usually get as a gift his -- about that size just getting not. So thanks again for -- and as Dan and -- then you guys have done tremendous work today and I'm certain that our listeners will benefit from a -- -- -- -- And I also got out of the last few bits of information -- share were listening audience and the first one is. We talked about those potential opportunities. In those five markets that as of Q4 2013. -- Were the worst it now nationally. On my home values rose ten point 1%. In the fourth quarter of 2013. On the compared with the same period of 2012. So year over year up ten point 1% and that's a that's what we like to see and that's that's the trend that. We've seen continue thus far in 2014 but these. Cities -- had a downward trend year over year and you can look at that two ways either. Watch out it's gonna continue to drop Werth you've got enough market in -- you understated work in the real estate professional that knows the trends knows what's going on in the market. They may advise you that it's a perfect time to jump in close to the bottom we don't know the bottom of market. Until we what. Look in the rear view mirror on so if it may be opportunity I'm an optimist so I say probably opportunity and some of these markets number one analyst design Elmira, New York. Average home price is 99 median home price 995 down at eleven point six year over year Champaign Urbana. Got to think there might be some opportunities for real estate investors there. On in a bigger college town down 11% year over year Fort Wayne, Indiana down nine and a half percent your of your Springfield Illinois. Sprinkled in nice to. Been there a few times nice little town on the average home price 105000 down 9% and Fayetteville. North Carolina down eight point 8% year over year those -- some big drops in the face of a ten point 1% national right now I don't know the details. Or the reasons to why those are trending. But I do you say there's possibly opportunity for you with your first time home buyer or a real estate investor and Dan we talked about this I think the -- the show can home be romantic you said yes. Absolutely okay well if you're listing your home and no one of these five cities here particular romantic in Orange County California. Almost 2% of the listings used the word romantic 2% of the listing you were romantic followed by a Los Angeles San Diego San Francisco and in Tucson. No shock. That in California. Movie and Hollywood did they throw in romantic as they as a discredit turf war. Homes but those -- that that by listing percent of listings those were the 12345. Top five they used the word romantic. Okay well. It's we're down to the end folks. We hope you've enjoyed this installment of life -- on it's. -- we're very pleased to have Nathan Nathan in each shout out when he giving your -- France you know any friends I don't cup while there are a couple of friends. In Ukraine on our own island name drop on OK well Nathan has been a great guest and you've been a good sport. Appreciate you put up with me give -- a hard time and you even we even went head to head on -- should he stay or should you go scenarios so. Thanks so much for that and Danny any indeed your clients friends relatives that you wanna give a Holler out do. Actually I'm just thinking that I got a new word for all my listings and when he fourteen romantic -- -- but then violence. Just so dramatic getaway the consummate professional Dan Lynch we appreciate you shared some time with us today. Thanks Mike for being on the show would be a friend of life as you own it. Okay folks remember this is the middle segment of our three part three part series. On a first time home buying what steps are you need to take some good advice and next week. We're going to share with you the tips on how to negotiate that theory first contract had a pitcher not to skate your best you kind of walk you through what it looks like. In that process -- shared a little bit of it but will go into more detail next week at -- and so much more. Thanks for hanging out with a is thanks for being a friend of the show and remember to what state that. Steve and I mean.

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