The accurate mortgage and Realty show is sponsored by academic mortgage and equal housing lender and[inaudible] and accident Realty advisors, which is a separate company from, but still affiliated with Acushnet mortgage.
Speaker 2:Welcome to the Acura net mortgage in Realty show, getting you inside information on buying, selling, and financing your home with expert advice from Acushnet, mortgage and Realty. And now here's Brian and David Wickers. Well to the active mortgage and Realty shell. The
Speaker 1:Labor day weekend edition. I'm Brian Wicker at the owner of academe mortgage and Econet Realty advisors, which by the way, it doesn't really do any business just in case. You're thinking that we have lots of real estate agents out there. The one agent broker is me and I only do a transactions for family members anyway, and I'm here with my son, David who's, our chief client experience officer. And I can a mortgage. If you have a question or comment, you can call or text us on the academic mortgage talk and Textline, which is 8 5 5 6 1 6 1 6 20. All right. I have a look at the August home sale numbers for the Metro Milwaukee area and unlike every other news outlet out there who is going to compare to 2020, what am I going to do? David, do you know, uh, you're going to try to compare it to
Speaker 3:A like month here in 21. Maybe not month over month, but now I want to go down to 2019 to go to 20 19 20 19,
Speaker 1:Because 2020 is such a weird year because of the pent up demand of COVID and all that stuff that I think comparing to it is useless. So compared, uh, comparing, uh, August of this year with August of 2019, let's just quickly look at the condo market. First sales were up 5.4%. There were 21 more sales, 407 condos closed in the five county Milwaukee area at a median price of$215,000. You want to take a guess at the percentage increase over two years now, not one or two. All
Speaker 3:You're looking at 20% higher from two years ago.
Speaker 1:Yeah, up$36,500 from two years ago. Uh, there were six fewer condos listed for sale. I'm going to call that a tie. So you had 430 condos come on the market in a meeting, by the way, this is all multiple listing service data, which is owned by the greater Milwaukee association of realtors. So which I'm a card carrying member, just got my dues renewal in the mail this week. And, uh, so you do have a few more condos coming on the market than what's sold for 30 coming on 4 0 7 closed year to date, by the way, 2021, compared to the more normal much more normal year of 2019, we've got 3% more condos have been listed and 10% more have sold over in the much larger single family detached, uh, you know, call regular house, uh, department. We had 1,963 buyers and sellers. The keys that is just 11, fewer than August of 2019. So flat, uh, we've got the median sales price up to 2 95. That's 40 grand higher than two years ago. A 16% increase. Here's some good news. Remember I said, 1963 is the number of closed sales. We had twenty two hundred and forty one single family detached listings come on the market in August. That's about the same as in August of 2019, but do the math that's 278 more listings than home sales last month. So there is more inventory. Now, the other interesting thing is year to date. Our sales are up 3%, 12,844 and listings are down 5%. So we're still, you know, in that mode of, uh, more buyers and fewer listings. So I think that gives upward pressure. Got any questions so far,
Speaker 3:David? No, I mean, it's nice to hear that, uh, the home sales are healthy. You know, I don't think there's any lingering, uh, concerns even, uh, if buyers have turmoil over price, it's not holding people back really from deciding to go out and buy a house and people are listing. I remember, was it a year ago now that, uh, you know, we had, you had been talking with some agents about people who had been pressing pause on listing their house for sale, uh, to wait and, you know, uh, vaccines come out, you know, the world, uh, figures itself out well. So I mean, from what you just shared, Hey, net listings have continued to grow. So sellers are not afraid to put the first sale sign in their yard, which is good news for a balanced market.
Speaker 1:So a couple of other things in terms of speed on the market, uh, when you look at August sales in the five county area only took 15 days on average to go from listing to accept it, offer that is down from 20 days in June city of Milwaukee, uh, which is our largest market, by the way, it comprises 23% of all single family detached sale, or no, this is combined, uh, Nope, sorry about that. Single family. It comprises 23% of all the sales 444. And those sold in 14 days, Racine seen as the second, most prolific single-family detached market at 104 sales selling in 13 days, walk a shot at 99 sales selling in 12 days, TOSA 16 days on 78th sales. And what I want to tell you when we come back is a story. Well, no, first I got to tell you about an interesting little, um, calculation I did. And so think about this David and also folks listening. What percentage of, uh, closed sales in August in the city of Walla TOSA, do you think at or above the asking price will give you the answer and do a little comparison. When we come back, you're listening to the academic mortgage and Realty show on am six 20 WTMJ
Speaker 2:Home buying advice from the guys who know it best. This is the accurate ed mortgage and Realty show with Brian Wicker on WTMJ.
Speaker 1:All right. So we've got a story coming up about a father and daughter working together to purchase a home in Wallatosa, which we've talked about. I dunno, throughout the year, uh, because it is one of the hotter municipalities in the Metro Milwaukee area. So in August there were 78 closed single family, non condo sales in Wauwatosa, and check this out three out of 10 sold for under the asking price. What another 23% sold at the asking price. If you had those two categories together, that's 53% or just over half sold at, or under the asking price, the original asking price. As a matter of fact, another quarter of the sales sold between one and 5% of the listing price. I call that buying her house this year at next year's prices. Cause you can pretty much count on 5% appreciation. I think going forward only one out of eight properties sold for between six and 9.9% and a mere five out of those 78 homes sold for 10% or more of the listing price in while a TOSA. So you looked at that and we had a little debate before the, uh, we hit the on air button and you said, eh, that don't mean nothing.
Speaker 3:I feel like this is an exercise in human psychology. I'm going to grab that scratchy sweater that a grandpa used to have and put that on and, and try to analyze sellers because you know what I, what we just, as we've debated this back and forth, uh, it is a matter, I think everyone can blame their neighbors. That's what I would say in a, in a good way, possibly or because when you're sitting in your three bed, two bath bungalow and your neighbor across the street sold their house for how much, and then honey, we should list our house for sale because we can get top dollar. I don't think, uh, and of course our house is way better than that house that you approach the limit of, uh, of all the home sales that have come before you. And so it's okay. Like th the fact that home prices are approaching balance is an okay thing. It, it means that, well,
Speaker 1:It's a great thing. I, this, this is what I get out of it. So if 50% sold at, or below the asking price, I'm pretty good at math, that means 47% sold above the asking price. 47%. I went back and looked at June at which time, uh, June of 70%, June of 21, right? June of 21, 70% of home buyers in June paid more than the asking price in Wallatosa for single family detached homes. So to me, and we can talk about this, you know, that the sellers are no longer, uh, having to pay fewer sellers are way fewer sellers are having to pay more than the asking price to get their accepted offer you over there. Yeah. Sorry. Thanks.
Speaker 3:Yeah, I was just going to say, um, when, when you say June sales, that's probably a, for a home that got a for sale sign in the yard in April or may
Speaker 1:Yes. Correct? Correct. Well, it's just like the lock-in happy
Speaker 3:Boy nap in between, you know, April and, you know, okay. We just analyze August that's July. Um,
Speaker 1:So what I'm saying is that this is data and you kind of accused is, um, uh, too harsh, but you S you suggested that maybe I am looking for data to match my narrative, because the narrative that I'm hearing from real estate agency is in many markets, segments, things are cooling off and they're not getting 10 offers all over asking,
Speaker 3:I'm going to use, uh, okay. Not all three bed, two bath bungalows are created equal. They may have the same criteria, but I think what the apartment is, but what the market is starting to like, you know, figure out is okay, well, what is the spread between a nice three bed, two bath bungalow, and a three bed, two bath bungalow. This is the same thing. Like I weigh 200 pounds. Okay. And so does the starting cornerback for the Packers weighs 200 pounds? Those are the, those are different numbers. They're the same weight, but the composition is different. And in your bathroom, the market is figuring out, yeah, my BMI different than a professional football players, BMI both 200 pounds, but different. And I think that's what the market is trying to figure out between like homes
Speaker 1:And apparently is, and maybe, maybe sellers aren't hitting, uh, let's what did one real is just call it the greedy button so much, and they're going, yeah. You know what? I'm not going to try to get more than the last guy. I'm just going to try to get what that person got for their three bedroom, two bath bungalow. All right. Why don't we come back? Let's get to that story about the father, helping his daughter. Guess what? Buyer a new home, and while what TOSA we'll come back, uh, with that story, you're listening to the academic mortgage and Realty show on Wisconsin's radio station am six 20. WTMJ
Speaker 2:Getting you into the home of your dreams. Here's more of an accurate ed mortgage in Realty show with Brian record. WTMJ all right.
Speaker 1:So, uh, this is a story about some parents, I helping their daughter. Um, and we, we helped the daughter into total 2017 by her first home, a condo in Milwaukee. And so a couple of weeks ago, I get a call and Hey, um, our daughter wants to now buy a single family home in Wallatosa. What are the options for buying that house? Cause obviously they can't make it contingent on her condo. That's still the kiss of death on any offer. So, um, and what's driving this move. Well, guess what? She's engaged to be married now in 2022. Okay. So anybody's interest rates are so low. David is that what's driving this. It has never been that ever for anybody, a life event, like I'm getting married and I, we didn't talk about it, but maybe they're thinking about having children someday. So you know what we want to get into a good school district and have a single family home instead of a condo that's the usual motivator or downsizing, or having more kids. And we're out of bedrooms, that kind of a thing. So interestingly, they are not putting the fiance on the new home title or on the mortgage. Why is that smart David?
Speaker 3:Because we are unromantic here at Acushnet mortgage. And what happens if they don't get married unwinding assets when you're not married, has no legal mechanism normally called divorce for those who are married. So it's cleaner. Is that the awkward yet? Unromantic smart,
Speaker 1:Right? Because otherwise you would want to have a prenuptial agreement that says, oh, if we don't get married and we jointly own this property together, yeah. Here is how we're going to unwind this transaction. Whereas once you're married, you get a whole court system that helps you do that. Um, so we, we, we didn't even have to talk about that. We just, uh, but I'm just observing that that's smart. So now she does not earn enough on her own to carry the monthly principal and interest taxes and insurance on both the condo and the new home sort of originally
Speaker 3:It, me a big lift that can be a big lift for people. It's like, Hey, do you want two mortgages? Uh, no, not really. I'd like one mortgage please, but for the time so that she could write a winning offer, she needed that's right. You're
Speaker 1:Out. So her father earns plenty of money, so he could have co-signed, um, the new house loan. Right. And we've done that in certain situations. It's like, Hey, we'll just add some earning power. Well, then he's entangled though in the title pro, because my rule is, if you're going to sign on the loan, you want to be an owner and I'm in tangled in the title on that thing. What if something goes wrong, but, and then the only way to get them off the mortgage, the loan is to refinance them. But now you're writing an offer subject to a financing contingency. And so they wanted to write a really strong offer on this TOSA property in the high three hundreds. And so then it's like, well, we want to write a cash offer. So how's about, you know, we put Ellie on title and we'll make it a cash offer. And I raised my hand and say, you can't do that because Ellie doesn't have the cash. You dad are the guy that has the demonstrable cash. And so you both got to go on title together and then maybe during the course title around the offer, no, well on the offer means you're on title. The buyers of this property are going to be dad and daughter. That's the only way to make a cash offer when it's the debt, you know, and we've had parents do other things, you know, like, and I wanted him to write it as dad and daughter, their successors and or assigns so that after they prove that they had the cash, they could, um, notify or amend the offer and assign the con or notify them and assign the contract just to the daughter. Okay. So the way we're going on this is that we are going to, um, have the bank of dad. So, uh, because dad has the cash, he really does have the cash. So he's going to provide the cash to buy the home. And we are going to help him, um, produce a note and a recordable mortgage. Uh, that's going to happen on the day of closing of the new Wallatosa home. And then after the daughter sells her condo, we're going to do a refinance. And we're going to pay down that balance from a hundred percent financing, which is what's going to happen on the day of closing. And then we're going to have her put her proceeds from the condo down and give her a nice long-term 30 year fixed rate mortgage, which she qualifies for. It's just a matter of her selling the condo. I got a little codicil on that, a story about her selling her condo that we'll get to right after the news, which is going to be handled by Patrick Kane over you. Patrick,
Speaker 2:Don't break the bank to get into a house back to the[inaudible] mortgage and Realty show with Brian Wickers on WTMJ.
Speaker 1:All right, we've got this excellent question in for the academic mortgage talk and Textline. It said, could it be, uh, that sellers and some real estate professionals in Wallatosa recently got a bit carried away with expectations and thus overshot buyer, financial capacity, and or willingness to pay up in light of the overheated spring market frenzy. Let's take turns answering this. David, do you want to go first or second? No, you go first. Okay. My answer is that I think that the sellers and real estate agents actually underestimated what buyers were willing to pay earlier this year, right? Because they list the house for 2 99 and there was, they underestimated the demand and people go, I'll give you three 10, and I'll give you three 20. I'll give you 3 25. So I think they were actually underestimating the demand earlier in the year. And my hypothesis is that now sellers and their real estate agents are more in tune with where the actual demand is. Thus, we're seeing 53%. You know, I think, I think people are more in tune with what buyers are willing to pay. What do you say, David?
Speaker 3:Well, I was gonna, I was gonna, uh, start my answer by saying, well, what is the definition of balanced? Because you only need one offer at a price that the buyer and seller are willing to agree on. And, and additional bids is just noise. So, you know what, if you set, so in your example, 2 99, maybe you should have, and you got 12 offers. You could have set the value or the list price at 3 75. And all it takes is one that might not feel nice for a seller. You want to feel like you've got multiple options. Many people love my home and want to buy it from me, but it only takes one. And so to your point, it is approaching balance and additional bids, I think is just more emotional for a seller because it feels safer when you've got multiple people interested in your house,
Speaker 1:All buyers do, and their buyer's agent, they look at what other similar homes in terms of square feet, bedrooms, bathrooms, condition, what have they recently sold for? I mean, that's, that's how real estate agents practice their craft. And you come up with a number, whether you're going to list or whether you're going to write your offer. You know, very few people want to actually pay 20% more. And the subject that was there was a one buyer in TOSA in August who bought a 20% more. But
Speaker 3:Yeah, again, that's all relative 20% over this fake number that I just said, you know, what, make me an offer. And then buyers like, you know what, I'm more hungry than your greedy. So
Speaker 1:I know excellent. Let's talk about that fact, whether it comes to cars or homes, somebody's putting a sticker price on there and buyers react to that as though it has some basis in reality. And so a good buyer's agent will do the research and say, Hey, looking at that house where the seller just put on this price, you know, let's say 2 99, is that supported by similar closed sales or not? Oh, geez. It looks like it's about 10 grand too high, you know? And so that informs the, you know, buyers offer price. And again, I'll go back to saying, I think that sellers and their listing agents underestimated demand earlier in the year. Now it's pretty much on par. And I got to say one other thing. We at Acura mortgage have not had many, uh, appraisals come in low. And has that been your experience, David? I don't hear people saying, oh yeah. Has come in a surprisingly few, uh, in this rocket fuel row. Okay. Back to our story about the dad, uh, and his daughter, um, and what happened? Well, she has this condo to sell, right? And so all of a sudden she gets an accepted cash offer and it's like, well, we we'll, we'll, we're, we're three weeks away from when she needs to on the sale of her condo, uh, cash. Uh, and so it's like, Hey, you know what? We can actually close. So we set the wheels in motion in order to be able to close on her new TOSA home, uh, cause she's gonna have the money. She won't have to carry both homes, but let me tell you what happened next. When we come back, you're listening to the academic mortgage and Realty show on the biggest stick of the state am six 20 WTMJ
Speaker 2:Important home buying questions and answers you can count on base is the accurate mortgage and Realty show with Brian Wicker on WTMJ.
Speaker 1:Alright. So talking about a daughter looking to sell her condo by a single family home in Wauwatosa with the elk river parents. And so we're talking about how while at first it was going to be a private mortgage, uh, funded by the dad. Well then all of a sudden she gets an all cash offer on her condo in the city of Milwaukee, uh, which would allow her to, you know, close only have to carry the debt on the new house because she'd have paid off her old condo loan and no longer have to pay the HOA dues or anything else. So we're like speeding towards getting her loan done, which we can do in three weeks, you know, a clean deal. Um, and all of a sudden urn put the brakes on. I got a call the, the, a cash buyer backed out based on their review of the condo documents. Well, the in, so that's one of the things that you get to do when you are a, um, condo buyers, you get to review all the condo documents like the bylaws. And you know, sometimes you get a hold of, we recommend get ahold of the, as much as you can. I
Speaker 3:Was just going to say, if that's why cash buyer doesn't mean naked or cover my eyes and show up with a suitcase of money, cash buyer can still mean. I'd like to review some things please, which is important in your story. Cause it's not just, I don't care, no matter what sell me your house. Gosh, darn it. There's
Speaker 1:Some reviews. You can go that if you were to have waived your right to review the inspection documents or, and so just to kind of tie the two stories together on the wild TOSA purchase, which was a cash offer, which had to include both the dad and the daughter, because it was the dad who had the cash. I just looked at the Albert, they checked the box for appraisal contingency. They check the box for home inspection. So it wasn't a complete slam dunk. The complete slam dunk is I don't care about the appraisal. I don't care about a home inspection if it's a condo. I don't care about that either. Um, I'm just doing this. So, so sort of your point in this case, the cash offer meant they could review the candidates. And apparently there's a ordinance in the city of Milwaukee for older buildings where every five years you have to have the facade of the building, um, evaluated. So like, you know, it's not a danger to the public where, Hey, you know, all that stuff on your front of your condo could fall off and killer maimed somebody on the sidewalk. And that was the reason they gave them. We don't want that. So who knows if that's the real reason, but the bottom line is her condos back on the market. Uh, this weekend, they're hoping for another quick cash offer. But, uh, my prediction is that we're going to be going to closing on the TOSA home with the private mortgage from dad, uh, for the full purchase price. And then what'll happen is after she closes on her home, sometime later on the condo sale, later in September, she'll take that proceeds. We'll apply that to the principal balance. And then, you know, maybe she's going to end up with a 250 or a$225,000 long-term mortgage, uh, on a fixed rate. So that it's all about overcoming obstacles. That was the theme of last week show is how do you fix things? Go ahead,
Speaker 3:Dave. I was just going to say, it's, it is a blessing that she is able to revert back to the original game plan. You know, as you said, it was a happy coincidence on timing had this, had the sale of her old home, you know, come together. Then it kind of the next chapter in her life would have, I don't want to say been cleaner, but it just would have been[inaudible] yeah, we can just give it a second
Speaker 1:Directly to, Hey, here's your long-term mortgage and we're done. But the cool thing is, you know, and we're going to talk about interest rates in the, in the next segment because they remained remarkably low for a while. There, we were kind of worried about them starting to ramp up, um, due to fears of inflation and federal reserve talk. But you know, the good news is because this is going to happen relatively quickly. Uh, we're not going to have much risk, uh, of interest rates creeping up before we go ahead and do the refining. Yes, David,
Speaker 3:This is the part of the show, which apparently I'm going to start doing every Sunday where I stand up on my chair and I yell that this is why you can't, or shouldn't go try to buy a house while you're standing in the living room of the home that you just fell in love with, because everything you described, Hey, we're going to use the bank of dad to provide a private loan so that you don't have to write an offer. That's contingent upon the sale of your old condo, because in normal life, you're only going to have one house, but for a short period of time, you're going to have two houses. Like why would you want to only have your smartphone as the resource to help you put that game plan together?
Speaker 1:Cause I do everything on my smartphone, David and I see commercials on the TV that lead me to believe that it's easy,
Speaker 4:Right? Yeah,
Speaker 1:I can, I can just do this and boom, uh, Kenan Thompson shows up and everything's cool. All right. So, um, when we come back, I do actually have what's that? Well,
Speaker 3:Maybe it's Keenan. Oh,
Speaker 1:Tracy Morgan. You're right. Rewrite it's Tracy Morgan, my bed. All right. So when we come back, let's take a look at where interest rates are. And then also talk about a retiring couple who were helping to buy their dream home, uh, up north someday, you're listening to the acronym, mortgage and Realty show on am six 20 T J
Speaker 2:W T M J w W2 77 CV and w K T H D to Milwaukee from the annex wealth management studio. This is news radio. WTMJ find a place to call home without the headache. This is the accurate mortgage and Realty show with Brian Wichert on WTMJ.
Speaker 1:Hey, let's not forget about that. David Wicker fellow over there. All right. So, um, you know, there was a lot of talk earlier in the summer and we actually did see mortgage rates start to creep up. Uh, but then a couple of things have happened recently. A week ago, Friday, we had fed chair, Jerome Powell, um, make his Jackson hole annual statement and Santa, you know what, I'm really not that worried about inflation. That was a big help, um, to the interest rate markets. And then this last week on Friday, we had the jobs report come out. That's a monthly event and there were far fewer jobs created. Do you have the number handy David than what was expected?
Speaker 3:It was 235,000 jobs are created in August. I think expectations were around 700 or so. So
Speaker 5:Yeah, so miss
Speaker 1:Kind of a big miss and there, and the talk track was now we think that's somewhat a Delta variant COVID related. There was a big drop. Oh, got the dog bark in there. And he, and the, uh, uh, at restaurant and hospitality sector. So, um, bottom line though is I think the unemployment rate fell right, which is counter-intuitive right. And that's because people dropped out of the workforce. Um, our labor force participation rate was only 61.7%.
Speaker 3:That was that's the same as July and an, uh, 0.1 better than June. The other piece was bureau of labor statistics, added jobs to the July and June numbers. They, if anybody didn't know, you know, the bureau of labor statistics, they try to get it right. You know, on that headline number. But then they'll come back after doing additional review or statistical analysis and be like, you know what, actually here's August number, but in July and
Speaker 1:June, there was a couple more. Yeah. Okay. So bottom line is, we've had a couple of interest rate, friendly news items that are keeping rates low. David, what does it take to get that trophy rate of a 1 99 on a 15 year fixed one 900? Cause we got some 1 9, 9 in the pipeline.
Speaker 3:It's true. So, uh, uh, size matters when it comes to your 1.9, 9% on a 15 year fixed. So if you have a$300,000 loan, 25% equity and all the other rights stuff, it would take, uh,$2,300 in loan costs in order to get that that's, uh, including a[inaudible] of points in order to buy down the interest rate, the APR is 2.03 in order to do that, uh, 2.1, I should say. And so, but if you, you know, Hey, when you borrow more money, if you have a$450,000 loan, uh, your loan costs would be$995 for that 1.9, 9%. So
Speaker 1:If your dream amazing to pay off that mortgage, we got you covered has been one night and I've got a longtime client. Who's got these, I can't wait to close them, but I've been telling everybody around the office, I got 1 9, 9. And you know, it's just kind of, uh, emotionally, uh, satisfying number. Um, not too many, hardly anybody ever uses a 15 year fixed to, uh, buy a home. But, uh, actually if you're, if you're kind of well to do in your choices between paying cash, uh, and taking out a mortgage when you buy that last home of yours, um, that's something that we do recommend it to considering, Hey, rather than plopping on all your cash, you know, we can lend you$548,000 as low as 1.99. And by the way, 70% of your very first payment is going towards principal. Uh, so, you know, don't worry about the interest rate, uh, or you know, the interest eating you alive because you're hardly going to pay any at all. And that way you can keep her money, uh, invested. Um, all right, so we've got, you got an, oh, what about the third year quick? Well,
Speaker 3:Uh, two point, well, uh, on a 400,$300,000 loan balance with 25% equity and all the other rights stuff, 2.8, seven five for free, the APR is 2.875. That is no loan costs. So that is amazing. You were, you were going to try to squeeze in a story about, uh, up north, uh, uh, purchase.
Speaker 1:Yeah. Yeah. Uh, I don't know if we have time to tell it, but I'll, I'll set it up for next week. Yeah. Teaser for next week. Uh, this is long-time friends of your mother and I, and I've known him since high school. Can you believe that? And she's a retired teacher. He's a business owner, but is 60 years old. And so rather than torturing him to document his business income, he's got that magic pot of money called an IRA. And so we can synthesize some income out of that, but what they are finding, they're looking for lake property up north, well, you know how far up north, and now they've learned that their son and new wife, my wait, does this sound familiar, life events, driving home, buying stories, their son and new daughter-in-law may be moving back to the Milwaukee area and possibly giving them some grandchildren at some time in the near future. So maybe they don't want to be way far up north. Maybe they want to be not so far up north,
Speaker 3:I guess what from Rhinelander, is that what you're saying? That's
Speaker 1:What I'm saying. So as you get closer to the Metro area, homes get more expensive. So the question posed, um, to me, when we had dinner with him last week was, Hey, if we sold rather than trying to retain both homes and we got a bridge loan, all set up for them, what if we sold our existing home in the Metro area first and then went up? How much could we afford that? We'll give you the answer next week, when you tune into the academic mortgage and Realty show, that's all the time we have for today. You've been listening to our show on AMC 20 WTMJ. The proceeding was a paid program, advice and opinions expressed during the accurate mortgage and Realty show are solely that of the hosts or guests of active mortgage and accurate Realty advisors and not WTMJ radio or good karma brands, Milwaukee, LLC,