Laura Kusisto

speaker

689 appearances 14 recordings 1 series first heard Jul 2017 last heard Nov 2023

Laura Kusisto’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Buying a House? Cash Is King · 6 Dec 2017 podcast

And so they have a product that essentially allows someone to buy a house in cash and then turn around and finance it afterwards.

So they can still be competitive, but they can get the advantage of having this mortgage at ultra low interest rates.

And we talked to another fellow who's looking at a product that would allow people to close essentially as quickly as a cash buyer.

And I think the hope is that as technology improves, it should get easier to evaluate someone's creditworthiness and maybe make those decisions quickly enough that people don't keep getting beaten out.

Absolutely.

So certainly one of the things I talk to a lot of realtors about is different products that are available, including even just going and getting pre-approved for a mortgage can help you compete with buyers that are paying cash.

But the reality, and I think what you're up against, is there's still just this perception that sellers have that a cash offer is a burden in the hand.

and a financed offer is more risky.

So that's just going to be a challenge for younger buyers.

Yeah, thanks so much, guys.

Great to talk to you.

WSJ Your Money Briefing · One Loser in Tax Overhaul: California Housing Markets · 9 Nov 2017 podcast

So right now, the cap sits at $1 million, plus you can deduct some extra if you have a second home. voice-verified

This would make the cap $500,000, and there would be no extra deductions for second homes. voice-verified

So for lots of people, obviously, there aren't a lot of people in the country who have a million-dollar mortgage, but there are, as we say in the story, some parts of the country where lots of people had the mortgages in that $500,000 to $1 million range. voice-verified

Yeah, so we see a place like San Jose where the median home price is more than a million dollars. voice-verified

And there you see that 75% of loans for new home purchases made in the last year or so voice-verified

made this year so far were over that cap. voice-verified

It's the same holds true for lots of markets in California. voice-verified

San Francisco is another one. voice-verified

New York would also fall in that bucket. voice-verified

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