NVAR Spring Forecast - TJ Doyle

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Northern Virginia Association of Realtors® - Spring Forecast event - TJ Doyle (speaker) - March 19, 2009

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NVAR Spring Forecast - TJ Doyle

  1. 1. T.J. Doyle Marketing and Communications Manager, Research Division National Association of REALTORS® March 19, 2009
  2. 2. • NAR’s Research Division is located in Washington DC, and is comprised of 17 people. • More than half are staff economists (including NAR’s Chief Economist Lawrence Yun). • The Research Division produces new information on housing and the economy every day.
  3. 3. • Every month, NAR Research produces the Existing Home Sales report as well as the Pending Home Sales Index. The EHS numbers are often reported widely by the media. • Everything Research does for you can be found here: www.realtor.org/research
  4. 4. 8 page mailed survey to roughly 4,000 Northern Virginia consumers in August 2008 Excellent survey return rate Those surveyed bought homes between July 2007 and June 2008 Source: 2008 Profile of Home Buyers and Sellers
  5. 5. Source: 2008 Profile of Home Buyers and Sellers
  6. 6. Source: 2008 Profile of Home Buyers and Sellers
  7. 7. Source: 2008 Profile of Home Buyers and Sellers
  8. 8. Source: 2008 Profile of Home Buyers and Sellers
  9. 9. Source: 2008 Profile of Home Buyers and Sellers
  10. 10. U.S. Source: 2008 Profile of Home Buyers and Sellers
  11. 11. Source: 2008 Profile of Home Buyers and Sellers
  12. 12. U.S. NEW AND PREVIOUSLY OWNED HOMES PURCHASED (Percentage Distribution) 100% 79% 79% 79% 78% 77% 77% 80% 72% 60% 40% 28% 23% 23% 22% 21% 21% 21% 20% 0% 2001 2003 2004 2005 2006 2007 2008 New Previously Owned Source: 2008 Profile of Home Buyers and Sellers
  13. 13. Source: 2008 Profile of Home Buyers and Sellers
  14. 14. Source: 2008 Profile of Home Buyers and Sellers
  15. 15. Source: 2008 Profile of Home Buyers and Sellers
  16. 16. Source: 2008 Profile of Home Buyers and Sellers
  17. 17. IMPORTANCE OF COMMUTING COSTS Not (Percentage Distribution) U.S. Important , 20% Very Important , 41% Somewh at Important , 39% Source: 2008 Profile of Home Buyers and Sellers
  18. 18. Source: 2008 Profile of Home Buyers and Sellers
  19. 19. Source: 2008 Profile of Home Buyers and Sellers
  20. 20. Source: 2008 Profile of Home Buyers and Sellers
  21. 21. Source: 2008 Profile of Home Buyers and Sellers
  22. 22. Source: 2008 Profile of Home Buyers and Sellers
  23. 23. USE OF INTERNET TO SEARCH FOR HOMES U.S. 100% 80% 18% 18% 21% 22% 24% 60% 29% 40% 69% 66% 59% 57% 53% 42% 20% 0% 2003 2004 2005 2005 2007 2008 Frequently Occasionally Source: 2008 Profile of Home Buyers and Sellers
  24. 24. Source: 2008 Profile of Home Buyers and Sellers
  25. 25. Source: 2008 Profile of Home Buyers and Sellers
  26. 26. Source: 2008 Profile of Home Buyers and Sellers
  27. 27. Source: 2008 Profile of Home Buyers and Sellers
  28. 28. Source: 2008 Profile of Home Buyers and Sellers
  29. 29. Source: 2008 Profile of Home Buyers and Sellers
  30. 30. Source: 2008 Profile of Home Buyers and Sellers
  31. 31. Source: 2008 Profile of Home Buyers and Sellers
  32. 32. Source: 2008 Profile of Home Buyers and Sellers
  33. 33. Source: 2008 Profile of Home Buyers and Sellers
  34. 34. Source: 2008 Profile of Home Buyers and Sellers
  35. 35. Source: 2008 Profile of Home Buyers and Sellers
  36. 36. Source: 2008 Profile of Home Buyers and Sellers
  37. 37. Source: 2008 Profile of Home Buyers and Sellers
  38. 38. Source: 2008 Profile of Home Buyers and Sellers
  39. 39. Source: 2008 Profile of Home Buyers and Sellers
  40. 40. Source: 2008 Profile of Home Buyers and Sellers
  41. 41. Source: 2008 Profile of Home Buyers and Sellers
  42. 42. Source: 2008 Profile of Home Buyers and Sellers
  43. 43. Source: 2008 Profile of Home Buyers and Sellers
  44. 44. Source: 2008 Profile of Home Buyers and Sellers
  45. 45. Source: 2008 Profile of Home Buyers and Sellers
  46. 46. Source: 2008 Profile of Home Buyers and Sellers
  47. 47. Source: 2008 Profile of Home Buyers and Sellers
  48. 48. Source: 2008 Profile of Home Buyers and Sellers
  49. 49. Source: 2008 Profile of Home Buyers and Sellers
  50. 50. Source: 2008 Profile of Home Buyers and Sellers
  51. 51. Source: 2008 Profile of Home Buyers and Sellers
  52. 52. Source: 2008 Profile of Home Buyers and Sellers
  53. 53. Source: 2008 Profile of Home Buyers and Sellers
  54. 54. Source: 2008 Profile of Home Buyers and Sellers
  55. 55. Source: 2008 Profile of Home Buyers and Sellers
  56. 56. Source: 2008 Profile of Home Buyers and Sellers
  57. 57. Source: 2008 Profile of Home Buyers and Sellers
  58. 58. Source: 2008 Profile of Home Buyers and Sellers
  59. 59. Source: 2008 Profile of Home Buyers and Sellers
  60. 60. Source: 2008 Profile of Home Buyers and Sellers
  61. 61. Source: 2008 Profile of Home Buyers and Sellers
  62. 62. T.J. Doyle Marketing and Communications Manager, Research Division National Association of REALTORS® March 19, 2009

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