RERL-1776 – Is Money Changing the Culture of Silicon Valley?
When the housing market was strong, nearly everyone either had a part time gig in real estate or they fully switched career paths for easy money. Now that the market has slowed, nearly 40% of loan officers declined the option to renew their license this year. It’s an unfortunate, but necessary cycle that weeds out those who dabbled in the market and leaves only those who are truly committed. Of course, this cycle is not…
RERL-1774 –Why right now is the best time to buy!
Rolling into a new quarter means new changes are happening in the real estate market. Interest rates are finally starting to trend down after 2-3 years of rate hikes and it’s likely that this summer the Bay Area will see more transactions now that the worst of covid seems to be over. Listen in as host Joe Cucchiara explains why the second quarter might be your best opportunity to buy despite economic concerns. To learn…
RERL-1773 – California First Time Home Buyer Program and More!
First time homebuyers finally have a new option to help them achieve the dream of buying their very own place. The Dream For All program which launched Monday will assist first time home buyers in California for the first time by providing 100% financing! Dream For All is a shared appreciation financing program where borrowers will have to meet some incredibly generous qualifications regarding income, repayment appreciation & more. So what other requirements do potential…
RERL-1772 – Will the Failure of Silicon Valley Bank Have Broader Ramifications?
It’s been quite a day for Silicon Valley. Stock prices for Silicon Valley Bank plunged from a hearty 260 to a meager 26, a whopping 90% reduction, over the course of just a few days! Solvency and liquidity have become an urgent issue for Silicon Valley bank as it has backed many FinTech startups over the years, many of which were crypto firms that have been going under. First Republic Bank also took a solid…
RERL-1771 – Housing Market – Will We Repeat 2008 & 2009?
While California and New York have always been expensive places to live, the middle US has historically been a reliable area to purchase affordable housing. Unfortunately, that is no longer the case today and the housing market is essentially broken. One of the reasons why housing prices continue to skyrocket across the country is the increasing cost of labor which is something consumers will just have to accept – or will they? The inevitable has…
RERL-1770- The Housing Market Just Took A Turn!
Not too long ago the silicon valley lifestyle of the constant hustle was something to be glorified. Who didn’t come to California dreaming about being the startup CEO who bikes to work at 4 am and spends 12+ hours building a successful business? Well, it seems the luster of a luxurious workplace has finally started to wear off and having a plethora of creature comforts at the office is no longer attractive enough to supplant…
RERL-1769- Technology and its impact of lending and real estate
Covid and the lockdown did very little in the way of shutting down technology. In fact, it did quite the opposite. The pace at which professionals have come to use technology was forcibly accelerated – unless you work in real estate or lending. Two years have gone by and there has been virtually no progress in assisting consumers with the lending or real estate transaction. Joe Cucchiara and Jack Russo discuss the stagnated transaction process…
RERL-1767- Market Update – Joe’s Back!
We’re back! The world may seem like it’s getting back to normal, but the real estate market is still changing rapidly. In about a month, interest rates jumped from 3% to 6% and ending the years of all-time low interest rates. Living in Silicon Valley, it’s hard to believe that anything could touch our real estate when its inimitable uniqueness keeps the job market strong – but is Silicon Valley invincible to levels of inflation…