The document summarizes demographic and housing market statistics for the Murrieta/Temecula region. It states that 70% of residents are young families or professionals, 40% have an associate degree or higher, and incomes are higher than county and state averages. Year-to-date single family home sales and median prices are up 11% and 15% respectively compared to the previous year. It also notes various challenges on the horizon such as the end of eviction moratoriums and forbearance programs and the potential impacts on inventory, foreclosures, and rental availability.

1. The Voice for Real Estate

2. Regional Demographics

3. Murrieta/Temecula Demographics
• 70% young families/professional
• 40% have Associate degree or higher
• Higher median and average income than Riverside County/California State
• Slightly younger than Riverside County/California State
• +/- 80% homeownership rate across top tapestry segments
• 50% diversity index across top tapestry segments

4. National recession
Ended 6/09
SoCal recession
Ended 9/10
That’s the good news –
We should stop here.
Blast from the Past
From my presentation to MTG in 2011

5. Our Region at a glance

6. Year-to-Date SFR Sales
11%

7. Year-to-Date SFR Median Price
15%
57%

8. Our Region at a glance
$707,108
$660,354

9. Our BIGGEST problem

10. How our market has changed

11. Active
% of
MKT Sold
% of
MKT Active
% of
MKT Sold
% of
MKT Active
% of
MKT Sold % of MKT
Temecula 68 92% 137 93% 0 0% 0 0% 0 0% 2 1%
Murrieta 81 91% 143 91% 1 1% 0 0% 0 0% 2 1%
Wildomar 12 100% 33 97% 0 0% 0 0% 0 0% 0 0%
Lake Elsinore 47 96% 77 97% 0 0% 0 0% 1 2% 1 1%
Menifee 77 95% 134 98% 0 0% 0 0% 0 0% 0 0%
Canyon Lake 26 100% 21 95% 0 0% 0 0% 0 0% 1 5%
Hemet 109 96% 112 95% 0 0% 0 0% 1 1% 0 0%
San Jacinto 41 95% 52 100% 0 0% 0 0% 0 0% 0 0%
Perris 30 100% 39 95% 0 0% 0 0% 0 0% 1 2%
Regional
Average
491 95% 748 95% 1 0% 0 0% 2 0% 7 0.89%
February 2021 Market Activity
By Sales Type
Standard Sale Bank Owned Short Sale
How our market has changed

12. California Housing Market Outlook

13. U.S. Economic Outlook

14. Outmigration/Affordability Challenges

15. What’s coming down the road?
• Continued LOW interest rates (FED)
• End of eviction moratoriums (tenants)
• Who pays the tab?
• Rental availability?
• Inventory to sell?
• Foreclosures?
• End of forbearance/deferral program
• 6.48 million households have entered a forbearance plan
• 2,543,000 (39%) are current on their payments and have left the program
• 625,000 (9%) have paid off their mortgages
• 434,000 (7%) have negotiated a repayment plan and have left the program
• 2,254,000 (35%) have extended their original forbearance plan
• 512,000 (8%) are still in their original forbearance plan
• 116,000 (2%) have left the program and are still behind on payments
• Most owners still have significant equity
• Bank don’t want a repeat of 2008 - 2010