This month in real estate April 2010

Released: April 9, 2010 Commentary 2 The Numbers That Drive Real Estate 3 Recent Government Action 9 Topics for Home Buyers, Sellers, and Owners 13

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The Numbers That Drive Real Estate Home Sales 4 Home Price 5 Inventory 6 Mortgage Rates 7 Affordability 8

Latest Data Release: March 23, 2010 Source: National Association of Realtors Home Sales In Millions Existing home sales softened in February. According to Lawrence Yun, NAR chief economist, the widespread winter storms during the month may have masked underlying demand as “buyers couldn’t get out to look at homes in some areas and that should negatively impact near-term contract activity.” February sales of 5.02 million remained 7 percent above the 4.69 million-units last year. Seasonally Adjusted Home Sales

Median Home Price In Thousands ,[object Object],Latest Data Release: March 23, 2010 Source: National Association of Realtors

Inventory - In Millions ,[object Object],Latest Data Release: March 23, 2010 Source: National Association of Realtors Number of homes available for sale 5.5% decline from last year Number of Homes Available for Sale - In Millions

Mortgage Rates 30-Year Fixed ,[object Object],Source: Freddie Mac 2009 Average 5.04% Average Weekly Mortgage Rates

Affordability - Percentage of Income ,[object Object],Affordability as of January every year. Calculations assume a 20% down payment. Source: National Association of Realtors Well below the historical standard of 25% The percentage of a median family’s income required to make mortgage payments on a median-priced home Historical Standard: 25%

Recent Government Action Mortgage Relief for the Unemployed 10 Helping Underwater Homeowners 11 Bill Encourages Hiring the Unemployed 12

Mortgage Relief for Unemployed ,[object Object],[object Object],[object Object],Source: The Washington Post ,[object Object],[object Object],[object Object],[object Object]

Helping Underwater Homeowners ,[object Object],[object Object],Source: The Washington Post ,[object Object],[object Object],[object Object],[object Object]

Bill Encourages Hiring Unemployed ,[object Object],[object Object],[object Object],Sources: The New York Times, Bloomberg News ,[object Object],[object Object],[object Object],[object Object]

Topics for Home Buyers, Sellers, and Owners Energy-Efficiency Tax Tips 14

Energy-Efficiency Tax Tips ,[object Object],[object Object],[object Object],[object Object],[object Object],This is general information and is not intended to be tax advice; see a professional for specifics and advice. Three Things You Need to Know About Home Improvements to Help Slash Energy Bills and 2010 Taxes

Your Local Market Although it is important to stay informed about what is going on in the national economy and housing market, many different factors impact the real estate market in your area. Contact me for assistance interpreting the conditions in your local market . I am equipped with all the knowledge and information to help you navigate through the process of buying or selling a home in this challenging market.

About Keller Williams Realty ,[object Object],[object Object],[object Object]

This month in real estate April 2010

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