Homes are selling and affordable due to low prices and payments. Interest rates are low but rising. Special loan programs allow financing repairs. California's growing population will increase housing demand and prices in the future. Renting long-term costs more than owning, even after accounting for maintenance and property taxes. Buying now provides an opportunity to build equity through appreciation over the next several years.
The Chapel Hill-Carrboro Chamber of Commerce hosted its Orange County Development Briefing, 8-10 a.m, Tuesday, Sept. 20, 2011 at the Friday Center for Continuing Education in Chapel Hill.
Commercial and residential real estate professionals, planners and economic developers presented the latest trends about the local markets, new economic development initiatives, and the status of approved projects in Orange County and its municipalities at the fifth annual event.
Speakers included Mark Zimmerman of RE/MAX Winning Edge; John Morris of Morris Commercial; and Gordon Merklein, UNC’s executive director of real estate development.
The event is presented by Time Warner Cable Business Class and sponsored Duke Energy, The UPS Store and the 2011 Chamber Master Sponsors.
The Chapel Hill-Carrboro Chamber of Commerce hosted its Orange County Development Briefing, 8-10 a.m, Tuesday, Sept. 20, 2011 at the Friday Center for Continuing Education in Chapel Hill.
Commercial and residential real estate professionals, planners and economic developers presented the latest trends about the local markets, new economic development initiatives, and the status of approved projects in Orange County and its municipalities at the fifth annual event.
Speakers included Mark Zimmerman of RE/MAX Winning Edge; John Morris of Morris Commercial; and Gordon Merklein, UNC’s executive director of real estate development.
The event is presented by Time Warner Cable Business Class and sponsored Duke Energy, The UPS Store and the 2011 Chamber Master Sponsors.
Spring 77386 Real Estate Sales REport | November 2012Ken Brand
Spring/77386 Real Estate Homes Sales Report
Average and Median Sold Prices
Average Price Per Square Foot
Average Days On Market
Months Supply of Inventory
Presented here are the graphical reports for the Plymouth Michigan homes market. For a more detailed breakdown, check out: http://plymouth-mi-homes.com/december-2012-plymouth-mi-homes
The justiciable right to housing: Can local authorities deliver? - EdinburghFEANTSA
Presentation given by Mike Penny, Homeless Services Manager from the City of Edinburgh, UK at a FEANTSA seminar on "Key elements for a successful local homeless strategy: How Europe can support local authorities to improve the fight against homelessness", hosted by the Committee of the Regions, June 2007
The Austin market heated up since Winter 2007. Check out the latest Austin real estate market statistics from the Austin Board of REALTORS. Analyzed by Dee Copeland, broker-associate in Austin, Texas.
PowerPoint Slide Makeover #75: Transforming Data Dump SlidesDave Paradi
It is too easy to jump dump a ton of data on a slide and hope the audience figures out what it means. This makeover shows what can be done with a huge table of data to make it meaningful to the audience.
Spring 77386 Real Estate Sales REport | November 2012Ken Brand
Spring/77386 Real Estate Homes Sales Report
Average and Median Sold Prices
Average Price Per Square Foot
Average Days On Market
Months Supply of Inventory
Presented here are the graphical reports for the Plymouth Michigan homes market. For a more detailed breakdown, check out: http://plymouth-mi-homes.com/december-2012-plymouth-mi-homes
The justiciable right to housing: Can local authorities deliver? - EdinburghFEANTSA
Presentation given by Mike Penny, Homeless Services Manager from the City of Edinburgh, UK at a FEANTSA seminar on "Key elements for a successful local homeless strategy: How Europe can support local authorities to improve the fight against homelessness", hosted by the Committee of the Regions, June 2007
The Austin market heated up since Winter 2007. Check out the latest Austin real estate market statistics from the Austin Board of REALTORS. Analyzed by Dee Copeland, broker-associate in Austin, Texas.
PowerPoint Slide Makeover #75: Transforming Data Dump SlidesDave Paradi
It is too easy to jump dump a ton of data on a slide and hope the audience figures out what it means. This makeover shows what can be done with a huge table of data to make it meaningful to the audience.
The U.S. economy created 227,000 seasonally adjusted, non-farm jobs in February, according to the latest employment report from the BLS. This is the third consecutive month of net job gains over 200,000. After flirting with a retrenchment in payroll growth this past summer, the U.S. economy has added 201,000 monthly payrolls, on average, since September. The latest metropolitan area employment figures show that the DC region added 13,400 office-using jobs on an annual basis in 2011.
Higher growth in an increasingly strong market
April – June 2011
• Net sales of SEK 1,506.7 million (1,365.5).
• Operating profit of SEK 128.0 million (112.2).
• Operating margin of 8.5 per cent (8.2).
• Profit after tax of SEK 92.5 million (82.5) and earnings
per share of SEK 1.01 (0.91).
January – June 2011
• Net sales of SEK 2,927.4 million (2,704.5).
• Operating profit of SEK 264.6 million (234.6).
• Operating margin of 9.0 per cent (8.7).
• Profit after tax of SEK 189.6 million (169,1) and earnings
per share of SEK 2.08 (1.88).
• Strong financial position with a net liability of SEK 74.6 million (net receivable of SEK 34.6 million).
Wellness & Consumer Driven Health Careguest00dbec2
See how oer 12,000 other businesses across the U.S. areusng Wellness & Consumer Driven Health Plans as an effective business strategy. How does your company compare?
Wellness & Consumer Driven Health Careguest00dbec2
Learn from what over 12,000 other businesses are doing across the U.S. with Wellness and Consumer Driven Health Plans as a business strategy. How does your plan compare?
1. Why Buy Now?
Because “Real Life Isn’t A Game.”
“Real Life” is about “Real Decisions”
and “Real Financial Opportunities.”
Real Estate Resource Services can
show you how take advantage of the current
real estate market and get you on the way to
your new home.
2. “Why Buy Now?”
• HOMES ARE SELLING!
o 35,860 New and Resale houses and condos were sold in California in
the month of November 2009, down 13.1% from October and up
11.5% from 32,163 from November 2008.
• HOMES ARE NOW AFFORDABLE!
o The median price paid for a home in November was $261,000, up 1.6%
from $258,000 in November 2008. The year‐over‐year increase was
the first since July 2007 when the $478,000 median was up 0.8
percent from $474,000 a year earlier.
o
• PAYMENTS ARE LOW!
o The typical mortgage payment that home buyers committed
themselves to paying last month was $1,106, 58.1% below the current
cycle's peak in June 2006.
Source: MDA DataQuick Information Systems. All rights reserved.
3. CALIFORNIA MEDIAN HOME SALES PRICE
December 1968 - November 2009
$550,000
$530,000
$510,000
$490,000
$470,000
$450,000
$430,000
$410,000
$390,000
$370,000
$350,000
ALES PRICE
$330,000
$310,000
$290,000
$270,000
$250,000
,
SA
$230,000
$210,000
$190,000
$170,000
$150,000
$130,000
$110,000
$90,000
$70,000
$50,000
$30,000
$10,000
1969 1972 1975 1978 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008
YEAR
Source: Empire Real Estate Group Inc. 2004-2006 and San Francisco Chronicle
2006-2008. *2009 November - www.dqnews.com/RRCA0208.shtm
4. “Why Buy Now?”
• INTEREST RATES ARE LOW !
o Mortage Lenders have lowered interest rates to the lowest point in 50
years but they are STARTING TO RISE!
• SPECIAL LOAN PROGRAMS HAVE BEEN CREATED FOR RENOVATION AND
REPAIRS!
o “Finance Repairs” to be completed after the close of escrow into your
home loan.
o Loan amounts are based on the improved value of the home.
o Renovation costs are spread throughout the mortgage term.
o All expenses are included in a single transaction.
5. NATIONAL MONTHLY INTEREST RATE STATISTICS
From January, 1984 to January, 2010
14.00
13.50
13.00
12.50
12.00
11.50
11.00
10.50
INTEREST RATE
10.00
9.50
9.00
8.50
8.00
7.50
7.00
6.50
6.00
5.50
5.00
4.50
4.00
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
00
01
02
03
04
05
06
07
08
09
Jan 2010
YEAR
Source: www.hsh.com/natmo83.html Interest rate as of January of each year.
1/6/2010
6. “Why Buy Now?”
• CALIFORNIA’S POPULATION CONTINUES TO GROW!
o California has both high rates of population growth and a constrained
supply of developable land.
o For that reason, home prices will climb and we will again experience a
long‐term imbalance between supply and demand in the future
housing market.
• OVER 70% OF CALIFORNIA’S POPULATION GROWTH IS DUE TO BIRTHS!
o As families grow in their numbers, so do their needs for larger homes.
o Marriages, employment, military transfers, promotions, retirements
etc., all contribute to changes in housing requirements.
• HOUSING CONSTRUCTION STARTS ARE AT THE LOWEST LEVEL SINCE
1955!
o As the supply of available housing diminishes, demand increases and
the cycle moves upward in value and pricing.
7. PROJECTED POPULATION GROWTH FOR CALIFORNIA
50,000,000
45,000,000
40,000,000
P 35,000,000
O
P 30,000,000
U
L
25,000,000 POPULATION
A
T
I 20,000,000
O
N 15,000,000
10,000,000
5,000,000
0
1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 2020 2030
YEAR
Source: U.S. Census Website of State Population Facts
8. SOUTHERN CALIFORNIA POPULATION GROWTH BY COUNTY
From 2000-2040
14,000,000
13,500,000
13,000,000
12,500,000
12,000,000
11,500,000
11,000,000 RIVERSIDE COUNTY
10,500,000 SAN BERNARDINO COUNTY
10,000,000 SAN DIEGO COUNTY
9,500,000
LOS ANGELES COUNTY
9,000,000
8,500,000 ORANGE COUNTY
8,000,000
7,500,000
7,000,000
6,500,000
6,000,000
5,500,000
5,000,000
4,500,000
4,000,000
3,500,000
3,000,000
2,500,000
2,000,000
1,500,000
2000 2020 2040
YEAR
Source: Institute of Urban and Regional Development, University of California, Berkeley
9.
10. COMPARE RENTING TO BUYING
RENTING BUYING
1. Your future is partly controlled 1. You control your future.
by your landlord. 2. The mortgage interest and real
2. You receive no federal tax benefit estate taxes are tax deductible.
as a renter. 3. Rising home prices increase your
3. You may experience rapidly increasing equity position.
rent payments that are hard to budget for. 4. Every month you pay down your
4. Rising rental costs may make you move loan, you are planning towards
before you are ready. your retirement.
5. Any improvements you make benefits 5. A new home is NEW! You won’t
your landlord and not you. have large unexpected expenses.
6. Landlord may sell leaving you homeless 6. With a new home you have
or little time to relocate. opportunity to select options and
upgrades that suit your taste.
MONTHLY RENT 1 YEAR 5 YEARS 10YEARS 20YEARS
$1,500 $18,000 $90,000 $180,000 $360,000
$1,800 $21,600 $108,000 $216,000 $432,000
$2,000 $24,000 $120,000 $240,000 $480,000
Let us show you how to make your hard earned money work for you,
not
your landlord.
11. ESTIMATED FUTURE HOME VALUE
Purchase Price $ 414,900.00
Annual Appreciation 5.00%
After Year 1 $ 414,900.00 X 5.00% = $ 20,745.00 $ 435,645.00
(purchase price) (apprec factor) (estimated appreciation) (estimated Value after 1 yr)
After Year 2 $ 435,645.00 X 0.00% = $ - $ 435,645.00
After Year 3 $ 435,645.00 X 0.00% = $ - $ 435,645.00
After Year 4 $ 435,645.00 X 5.00% = $ 21,782.25 $ 457,427.25
After Year 5 $ 457,427.25 X 5.00% = $ 22,871.36 $ 480,298.61
After Year 6 $ 480,298.61 X 5.00% = $ 24,014.93 $ 504,313.54
After Year 7 $ 504,313.54 X 5.00% = $ 25,215.68 $ 529,529.22
Estimated Value After 7 years, based on historical data= $ 529,529.22
Less Original Purchase Price $ 400,000.00
Potential Equity Appreciation $ 129,529.22
Initial Equity Investment, based on 5% down $ 20,000.00
Potential Equity Gain= Appreciation + Initial Investment $ 149,529.22
Potential Income Tax Savings over 7 years $ 53,911.07
Initial Equity Investment + Potential Appreciation + Tax Savings $ 203,440.29
Monthly Investment, inc. interest and property tax $ 215,644.28
Actual Cost of Home Ownership over 7 years $ 12,203.99
Not only did you live in you home for free for 7 years, you would have added
this amount to your net worth!
12. RENT VS OWN
RENTER OWNER
MONTHLY PAYMENT $_______________ PURCHASE PRICE $______________________________
ANNUAL INCREASE $_________________ DOWN PAYMENT $______________________________
RENT
YR 1 $___________ X 12 = $_____________ LOAN AMOUNT $________________________________
YR 2 $___________ X 12 = $_____________ INT. RATE _______% TERM______________________
YR 3 $___________ X 12 = $_____________ MO. INVESTMENT $_____________________________
YR 4 $___________ X 12 = $_____________ PROP TAX ______% PER MO$____________________
YR 5 $___________ X 12 = $_____________ APPROX. TAX BENEFIT _______________________%
YR 6 $___________ X 12 = $_____________ MO SAVINGS $__________________________________
YR 7 $___________ X 12 = $_____________ PMT AFTER TAX $_______________________________
TOTAL (LOSS) $_______________________
*ESTIMATED NET MONTHLY INVESTMENT
AFTER TAX.
MONTHLY INVESTMENT $_______________ X 12 =
$_______________ X 7 YEARS = $__________________
**TOTAL POTENTIAL HOMEOWNER GAIN $___________________________________
13. ESTIMATED FUTURE HOME VALUE
PURCHASE PRICE $ ___________________________
ANNUAL APPRECIATION _____________%
YR 1 $_____________________ X__________% = $______________________________
(PURCHASE PRICE) (APPREC) (ESTIMATED VALUE)
YR 2 $ ____________________ X __________ % = $______________________________
YR 3 $ ____________________ X __________ % = $______________________________
YR 4 $ ____________________ X __________ % = $______________________________
YR 5 $ ____________________ X __________ % = $______________________________
YR 6 $ ____________________ X __________ % = $______________________________
YR 7 $ ____________________ X __________ % = $______________________________
ESTIMATED VALUE AFTER _______ YEARS = $ ______________________________
PLUS DOWN PAYMENT AND IMPROVEMENTS $_____________________________
TOTAL ESTIMATED VALUE AFTER _____YRS = $_____________________________
ESTIMATED VALUE $_________________________________
LESS PURCHASE PRICE $______________________________
TOTAL POTENTIAL GAIN $____________________________
*ESTIMATED MONTHLY NET INVESTMENT IS CALCULATED BY SUBTRACTING
THE MONTHLY TAX SAVINGS AND ADDING ANY FEES SUCH AS HOA, MELLO
ROOS, ETC.
**TOTAL POTENTIAL GAIN IS CALCULATED BY SUBTRACTING THE PURCHASE
PRICE FROM THE ESTIMATED VALUE.