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Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
Naea 02-13
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Naea 02-13

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  • http://www.realtor.org
  • http://www.realtor.org /
  • www.realtor.org
  • www.realtor.org
  • www.realtor.org
  • http://www.freddiemac.com/pmms
  • http://www.marketwatch.com/story/mortgage-rates-will-rise-next-year-but-slowly-2012-10-24
  • http://www.freddiemac.com/pmms
  • http://www.fhfa.gov/webfiles/20686/QRM_FINAL_ALL.pdf
  • http://www.bloomberg.com/news/2013-01-18/housing-industry-awaits-down-payment-rule-for-mortgages.html
  • http://www.realtor.org /
  • http://www.standardandpoors.com/indices/articles/en/us/?articleType=PDF&assetID=1245346789036
  • http://www.standardandpoors.com/indices/articles/en/us/?articleType=PDF&assetID=1245346789036
  • http://www.standardandpoors.com/indices/articles/en/us/?articleType=PDF&assetID=1245346789036
  • http://www.standardandpoors.com/indices/articles/en/us/?articleType=PDF&assetID=1245346789036
  • http://www.realtor.org /
  • http://www.realtytrac.com/content/foreclosure-market-report/2012-year-end-foreclosure-market-report-7547
  • http://www.realtytrac.com/content/foreclosure-market-report/2012-year-end-foreclosure-market-report-7547
  • PAID SERVICE: http://www.economy.com/dismal/pro/article.asp?cid=236942
  • http://www.dsnews.com/articles/home-price-expectations-vastly-different-for-northeast-vs-west-2013-01-31
  • http://www.realtytrac.com/content/foreclosure-market-report/2012-year-end-foreclosure-market-report-7547
  • http://media.ford.com/images/10031/fordtrendbook2013.pdf
  • Transcript

    1. What this webinar is about…events.KeepingCurrentMatters.com/webinars/facebook/recording
    2. Pending Home Sales11010510095908580 Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec NAR 1/2013
    3. Pending Home Sales110105 100 = Historically Healthy Level100 December 2011 – December 2012959085 December 2011 – December 201280 Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec NAR 1/2013
    4. Single Family Sales (year-over-year) NORTHEAST +2.8% WEST MIDWEST +1.2% +9.7% SOUTH +7.5% U.S. AVERAGE +5.8% NAR 2/2013
    5. Condo & Co-op Sales (year-over-year) NORTHEAST +12.5% WEST MIDWEST No Change +25% SOUTH +25% U.S. AVERAGE +15.4% NAR 2/2013
    6. $1M+ Home Sales (year-over-year) NORTHEAST +71.3% WEST MIDWEST +66.7% +48.0% SOUTH +47.4% U.S. AVERAGE +62.3% NAR 2/2013
    7. Hottest Months for Online Housing by StatePeak Month for Search Traffic, Relative to State’s Annual Average Trulia 1/2013
    8. Return on Investment January 2000 – February 2013MSN Money.com, Case Shiller
    9. Mortgage Rates – 30 year fixed5.25 54.75 4.54.25 43.75 3.5 11/1/2011 – 2/1/20133.25 Freddie Mac 2/1/2013
    10. Mortgage Rates Moving Forward“After reaching record lows in 2012, mortgage rates areexpected to creep up slowly in 2013, the Mortgage BankersAssociation predicted.” 5 4.5 4.4 4 3.5 3 2.5 Projected 2 30 Year Mortgage 1.5 Rate 1 0.5 0 2013 4Q MarketWatch 10/24/2012
    11. Mortgage Rates - 30 year fixed 3.55 12/01/2012 – 2/1/2013 3.5 3.45 3.4 3.35 3.3 Freddie Mac 2/1/2013
    12. Quality Residential Mortgage - QRM1.) A Product-Type qualified residential mortgage is a first-lien mortgagethat is for an owner-occupant with fully documented income, fully amortizingwith a maturity that does not exceed 30 years and, in the case of adjustable rate-mortgages (ARMs), has an interest rate reset limit of 2 percent annuallyand a limit of 6 percent over the life of the loan.2.) A PTI/DTI qualified residential mortgage has a borrower’s ratio ofmonthly housing debt to monthly gross income that does not exceed 28percent and a borrower’s total monthly debt to monthly gross income thatdoes not exceed 36 percent.3.) An LTV ratio qualified residential mortgage must meet a minimum LTV ratiothat varies according to the purpose for which the mortgage wasoriginated. For home purchase mortgages the LTV ratio is 80 percent.4.) A FICO qualified residential mortgage has a borrower’s FICO scoregreater than or equal to 690 at the origination of the loan. Mortgage Market Note #11-02 3/31/2011
    13. QRM & the 20% Down Payment“The six regulators drafting theseparate QRM rule, including theDepartment of Housing andUrban Development, the Office ofthe Comptroller of the Currencyand the Securities and ExchangeCommission, must decidewhether to include such arequirement — and whether tomake it less than the 20 percentthey originally proposed.” Bloomberg 01/18/2013
    14. Months Supply & Impact on Price Months Market Pricing 1- 4 Sellers Appreciation 5-6 Even The Norm 7+ Buyers Depreciation
    15. Month’s Inventory of Homes for Sale10.0 9.0 8.0 7.0 6.0 5-6 Months = Normal Market Inventory 5.0 4.0 Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec NAR 1/2013
    16. S&P Case-Shiller Home Price Indices S&P Case Shiller 1/2013
    17. S&P Case-Shiller Home Price Indices6.0% 5.5% Year-over-Year Change in Prices 4.3%4.0% 3.6% 2.0%2.0% 1.1% 0.6% Jan Feb Mar Apr May0.0% -0.5% Jun Jul Aug Sep Oct Nov-2.0% -1.7% -2.5%-4.0% -3.5% -3.9%-6.0% S&P Case Shiller 1/2013
    18. S&P Case-Shiller Home Price Indices Metropolitan Area Year-over-Year Metropolitan Area Year-over-Year Atlanta 7.6% Miami 9.9% Boston 2.3% Minneapolis 11.1% Charlotte 5.1% New York -1.2 Chicago 0.8% Phoenix 22.8% Cleveland 1.8% Portland 6.7% Dallas 5.7% San Diego 8.0% Denver 7.8% San Francisco 12.7% Detroit 11.9% Seattle 7.4% Las Vegas 10.0% Tampa 6.8% Los Angeles 7.7% Washington 4.4%S&P Case Shiller 1/2013
    19. S&P Case-Shiller Home Price Indices Metropolitan Area M-o-M Metropolitan Area M-o-MAtlanta 0.1 Miami 0.8Boston -0.9 Minneapolis 1.0Charlotte -0.3 New York -1.1Chicago -1.3 Phoenix 1.4Cleveland -0.8 Portland -0.2Dallas -0.1 San Diego 0.9Denver 0.4 San Francisco 1.4Detroit -0.3 Seattle 0.5Las Vegas 0.4 Tampa -0.2Los Angeles 0.4 Washington -0.6 S&P Case Shiller 1/2013
    20. Home Prices in the Short Term150.00 2010-11 2011-12 2012-13 PROJEC TED145.00140.00135.00130.00 May Jun Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr S&P Case Shiller 1/2013
    21. Percentage of Distressed Property Sales35% 35%30%25% 24%20% Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec NAR 1/2013
    22. U.S. Properties with Foreclosure Filings3500 in thousands3000 2,824.7 2,871.92500 2,330.52000 1,887.8 1,836.61500 1,285.91000 717.5 532.8 500 0 2005 2006 2007 2008 2009 2010 2011 2012 Realty Trac
    23. Percentage of Foreclosures by Price Point 3% 3% 1% 1% 6% < $50K 7% $50-100K 15% 27% $100-200K $200-300K $300-400K $400-500K 37% $500-750K $750K-$1M >$1M Realty Trac
    24. Two graphs that show the distressedproperty challenge is moving to differentparts of the country. Moody’s Analytics 1/2013
    25. Capital Economics “The Northeast is much more likely to see no price growth at all than anything close to the 5 percent national average this year, the analytics firm stated in a recent outlook. Northeastern states have relatively long foreclosure timelines, and their rate of foreclosure as of the third quarter of last year was 5.6%.This compares to just 2.7% in the West.”DSNews 01/31/2013
    26. Average Days to Foreclosure – 4Q 201212001000 1,089 800 853 600 400 347 200 113 0 Texas California Florida New York Realty Trac
    27. ResourcesSlide Slide Title Link5,6,7,8, Pending Home Sales, Single Family Sales, http://www.realtor.org9 Condo & Co-Op Sales, $1M+ Home Sales12,14 Mortgage Rates http://www.freddiemac.com/pmms13 Mortgage Rates Moving Forward http://www.marketwatch.com/story/mortgage-rates-will-rise-next-year-but-slowly-2012-10-2415 Quality Residential Mortgage - QRM http://www.fhfa.gov/webfiles/20686/QRM_FINAL_ALL.pdf http://www.bloomberg.com/news/2013-01-18/housing-industry-awaits-down-payment-rule-for-mortga16 QRM & the 20% Down Payment18 Month’s Inventory of Homes for Sale http://www.realtor.org19, 21, S&P Case Shiller Home Price Indices, Home http://www.standardandpoors.com/indices/articles/en/us/?articleType=PDF&assetID=124534678903622, 23 Prices in the Short Term24 Percentage of Distressed Property Sales http://www.realtor.org U.S. Properties with Foreclosure Filings, http://www.realtytrac.com/content/foreclosure-market-report/2012-year-end-foreclosure-market-repo25, 26 Percentage of Foreclosures by Price Point27 Two Graphs PAID SERVICE http://www.economy.com/dismal/pro/article.asp?cid=236942 http://www.dsnews.com/articles/home-price-expectations-vastly-different-for-northeast-vs-28 Capital Economics west-2013-01-31 KEEPINGCURRENTMATTERS.COM
    28. ResourcesSlide Slide Title Link http://www.realtytrac.com/content/foreclosure-market-report/2012-year-end-foreclosure-market-29 Average Days to Foreclosure – 4Q 2012 report-754730 Building Trust is Most Important http://media.ford.com/images/10031/fordtrendbook2013.pdf KEEPINGCURRENTMATTERS.COM
    29. Building Trust is Most Important“Weary of mis­information, people are reappraising theirrelationships with companies and brands, makingintegrity a new form of competitive advantage…More important than ever tobuilding brand equity anddifferentiation, trust hasbecome a precious commodity,and its limited supply in themarketplace has stimulatedconsumer demand.”

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