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Kcm 2011
 

Kcm 2011

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    Kcm 2011 Kcm 2011 Presentation Transcript

    • Keeping Current Matters January 2011
    • KCM on the go!
    • Return on Investment MSN Money.com, Case Shiller (January 1, 2000 –January 1, 2011)
    • “ With all the teeth-gnashing over the real estate bubble, the bust and the mortgage mess, you can be forgiven for failing to notice this little tidbit:     Housing had a superb decade.” Forbes.com 12/06/2010 Forbes.com 58% average gains per square foot
    • Future House Sales – Fannie Mae & NAR Fannie Mae and NAR 11/2010 NAR Fannie Mae
    • Pending Home Sales NAR 12/2010 Without Outside Intervention
    • The Washington Post Washington Post 12/22/2010 "The level of activity will still be low relative to the boom. But the trend is starting to move in the right direction, which is a little bit of good news with which to close out the year." - Diane Swonk, chief economist at Mesirow Financial
    • Sales vs. Months Supply NAR Sales Months Supply
    • “ Prices were weighed down by a huge inventory of foreclosed homes, which tend to sell at sharply discounted prices. Wall Street Journal WSJ 12/29/2010 Wells Fargo projects prices will drop 8% more by mid-2011.”
    • CNBC CNBC 12/28/2010
    • Watch Rates Closely
    • Mortgage Rates – 30 year fixed Federal Reserve
    • Impact of Rates on Payment
    • Listing Manual - Today Buyer Manual - February Presentation of Offer - March Price Correction - April
    •  
    •  
    • The Sale is Their Trust in Us!! Needs Answers Resources We DO NOT Sell Real Estate. We SELL Our Ability to Be a Trusted Advisor!
    • Their Needs Needs Answers Resources Sold Most Money Least Time Least Hassles Relocation
    • The Generic Answers Needs Answers Resources Sold Qualified Buyers Most Money Negotiation Least Time Marketing Least Hassles Control Relocation Knowledge
    • … with the heart of a teacher
    • “ If you can’t explain it simply , you don’t understand it well enough.”
    • People don’t believe what you tell them. They always believe what they tell themselves.
    • % Appreciation in 5 Year Increments Source: Brookings Papers 9/08
    • Source: KCM 9/2010 Case Shiller S&P Case Shiller Pricing Index – 10 City 1987 – 2010
    • Supply & Demand
    • Months Supply’s Impact on Price Months Market Pricing 1-4 Sellers Appreciation 5-6 Even The Norm 7+ Buyers Depreciation
    • Sales vs. Existing Inventory 14.4 months Source: MLS
    • What Role Will Distressed Properties Play?
    • CoreLogic Shadow Inventory Report 11/2010 Shadow & Visible Inventory Detail
    • CoreLogic Shadow Inventory Report 11/2010 Shadow Inventory Detail
    • Month’s Supply of Distressed Homes CoreLogic Shadow Inventory Report 11/2010
    • Value by Sale Category Realty Trac Foreclosure Report 12/02/2010 Type of Sale % of Value Non-Distressed Sale 100% Short Sale 81% Foreclosure Sale 59%
    • Robo-Signers
    • Pricing as we move forward…
    • “ Prices were weighed down by a huge inventory of foreclosed homes, which tend to sell at sharply discounted prices. Wall Street Journal WSJ 12/29/2010 Wells Fargo projects prices will drop 8% more by mid-2011.”
    • CNBC CNBC 12/28/2010
    • Bank of America Economic Analysis Report September 3, 2010 Bank Of America Pricing Forecast
    • Future House Prices – Fannie Mae Fannie Mae’s Economic and Mortgage Market Analysis 12/2010 Median Prices in Thousands
    • Prices
    • Price must be compelling!
    • On a $300,000 house, a family loses $576.92 per week! Assuming a 10% fall in prices…
    • Your Resources Needs Answers Resources Sold Qualified Buyers KCM Most Money Negotiation Least Time Marketing Least Hassles Control Relocation Knowledge
    •  
    • The KCM Blog
    • 631.787.6200 www.KCMblog.com www.steveharney.com [email_address]
    • [email_address] Flying solo, but never alone!
    • Keeping Current Matters