Why Isn't Real Estate Rebounding?
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In this presentation given to the North Dallas Chamber of Commerce, RealtyTrac CEO James Saccacio shows how the real estate recovery has been stalled by low consumer confidence, weak demand, government intervention, sloppy foreclosure practices and the infamous shadow inventory.
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Why Isn't Real Estate Rebounding?
- 1. Why Isn’t Real Estate Rebounding? James Saccacio, CEO RealtyTrac
- 2. A BRIEF INTRODUCTION TO REALTYTRAC ©RealtyTrac Inc. 2011 , Not for Distribution
- 4. WHO RELIES ON REALTYTRAC DATA ©RealtyTrac Inc. 2011 , Not for Distribution
- 5. WHO RELIES ON REALTYTRAC DATA ©RealtyTrac Inc. 2011 , Not for Distribution
- 7. WHY IS REAL ESTATE NOT REBOUNDING? ©RealtyTrac Inc. 2011 , Not for Distribution
- 8. LOW CONSUMER CONFIDENCE SOURCE: RealtyTrac and Trulia Homebuyer Survey April 2011 ©RealtyTrac Inc. 2011 , Not for Distribution
- 9. WEAK DEMAND ©RealtyTrac Inc. 2011 , Not for Distribution
- 11. SLOPPY FORECLOSURE PRACTICES Artificial drop-off in foreclosure activity triggered by robo-signing ©RealtyTrac Inc. 2011 , Not for Distribution
- 12. LONGER FORECLOSURE TIMELINES Texas timeline has stayed consistent N.Y. timeline longest in country ©RealtyTrac Inc. 2011 , Not for Distribution
- 13. IN-DEPTH LOOK AT SHADOW INVENTORY ©RealtyTrac Inc. 2011 , Not for Distribution
- 14. SHADOW INVENTORY OF SUPPLY ©RealtyTrac Inc. 2011 , Not for Distribution
- 15. SHADOW INVENTORY OF SUPPLY 33 Percent Jump in Default Notices in August ©RealtyTrac Inc. 2011 , Not for Distribution
- 16. SHADOW INVENTORY OF SUPPLY SOURCE: Mortgage Bankers Association Q2 2011 National Delinquency Survey ©RealtyTrac Inc. 2011 , Not for Distribution
- 17. SHADOW INVENTORY OF SUPPLY Loans with an LTV of at least 125 percent as of Sept 2011 ©RealtyTrac Inc. 2011 , Not for Distribution
- 18. SHADOW INVENTORY OF SUPPLY ©RealtyTrac Inc. 2011 , Not for Distribution
- 19. SHADOW INVENTORY OF SUPPLY Avg. REO prices 40% lower than avg. prices of non-foreclosures ©RealtyTrac Inc. 2011 , Not for Distribution
- 20. SHADOW INVENTORY OF SUPPLY 19 Percent Increase from Q1 to Q2 ©RealtyTrac Inc. 2011 , Not for Distribution
- 21. SHADOW INVENTORY OF SUPPLY Tied record-high for short sale discount in Q2 2011 ©RealtyTrac Inc. 2011 , Not for Distribution
- 22. IMPLICATIONS FOR THE HOUSING MARKET ©RealtyTrac Inc. 2011 , Not for Distribution
- 24. THE MOST DEPRESSED HOUSING MARKETS ©RealtyTrac Inc. 2011 , Not for Distribution SOURCE: CoreLogic, Zelman & Associates
- 25. FURTHER TO FALL BEFORE BOTTOM? SOURCE: Robert J. Schiller ©RealtyTrac Inc. 2011 , Not for Distribution
- 26. A SOLUTION TO SHADOW INVENTORY ©RealtyTrac Inc. 2011 , Not for Distribution
- 27. RETIRING THE FORECLOSURE CRISIS ©RealtyTrac Inc. 2011 , Not for Distribution
- 28. QUESTIONS & DISCUSSION ©RealtyTrac Inc. 2011 , Not for Distribution
- 29. THANK YOU! James J. Saccacio CEO, RealtyTrac 949-502-8300 Ext. 104 [email_address] ©RealtyTrac Inc. 2011 , Not for Distribution
Editor's Notes
- This spring, more than half of Americans adults surveyed — 54 percent — believed that the recovery in the housing market would not happen until 2014 — or later! And America’s view of the housing market has gone from bad to worse. A year earlier, only 34 percent said the housing market would turn around by 2014. So attitudes have soured among potential homebuyers and investors. They were telling us that the housing recovery was still a long way off. Indeed, the housing market is years away from full recovery, and 2012 and 2013 will look similar to this year as the industry grapples with levels of distressed properties never seen before. The housing recovery hinges on many things, but I would like to share with you five areas that, I believe, are holding the real estate market down.