14. S&P Case-Shiller Home Price Indices
Metropolitan Area
Month-Over-Month
Metropolitan Area
Month-Over-Month
Atlanta
.5%
Miami
.8%
Boston
.5%
Minneapolis
.8%
Charlotte
-.2%
New York
.6%
Chicago
.3%
Phoenix
1.2%
Cleveland
.3%
Portland
.7%
Dallas
.2%
San Diego
.9%
Denver
.2%
San Francisco
.8%
Detroit
1.5%
Seattle
.3%
Las Vegas
1.3%
Tampa
.2%
Los Angeles
1.1%
Washington
.4%
S&P Case Shiller 11/2013
15. "The conditions that led to the robust appreciation
experienced earlier this year, including historically
low mortgage interest rates, high affordability, low
inventory and high demand, are waning. In their
place, we're beginning to see more inventory and
rising mortgage rates, which will lead to further
normalization in the market going forward."
Dr. Stan Humphries
Zillow Chief Economist
16. Months Inventory of Homes for Sale
5-6 Months = Normal Market Inventory
NAR 11/2013
19. "All those young people who moved in
with their parents over the past few
Affordability is still good compared to any time over the last 50 years.
years and didn't move out during the
recession, there should be pent-up
demand for household formation."
Jed Kolko
Trulia’s Chief Economist
20. “We believe millennials will
Affordability is still good compared to any time over the last 50 years.
follow every generation that
preceded them, buying homes
once their economic situation
improves.”
Joseph Snider
VP and senior credit officer at Moody’s
21.
22. 121M
Current Households
in the United States
Projected Growth over
the Next 3 Years
3.7%
Number of Additional
Households Formed
4.48M
Urban Land Institute 11/2013
25. “Although the consensus is the
Affordability is still good compared to 2014 to 50 years.
Fed will wait untilany time over the last start
to taper asset purchases,
December is still possible.”
Bill McBride
Calculated Risk
46. On Average
14,027
NAR’s November
Existing Home
Sales Report
Homes Sell
SALES
EVERY DAY!
UP 6%
INVENTORY
over last year
PRICES
UP 12.8%
over last year
UP .9%
over last year
48. 88
%
Where Do Buyers
Find a Home?
92
%
of all buyers search online
during home buying process
of all buyers purchased a
home through an agent
%
28
of all buyers look to
print newspaper ads
49. 45
40
35
Where Buyers Find the
Home They Purchase
Over the Last 10 Years
by percentage
30
*NAR 11/2013
The Internet
25
20
15
10
Yard Signs
5
Newspapers
0
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
54. Resources
Slide
Slide Title
Link
5
Frank Nothaft Quote
http://www.freddiemac.com/news/finance/docs/Nov_2013_public_outlook.pdf
7
Year-over-Year Price Changes by Region
http://www.fhfa.gov/webfiles/25844/3Q2013HPIreleasepacket.pdf
8
FHFA Maps
http://www.fhfa.gov/
9
Days on Market
http://zillow.mediaroom.com/index.php?s=159&item=396
10
Year-over-Year Change by State
http://www.fhfa.gov/webfiles/25844/3Q2013HPIreleasepacket.pdf
11
Distressed Properties
http://www.corelogic.com/about-us/researchtrends/the-marketpulse.aspx
12
Year-over-Year Change in Prices
13
Sustainability of Current Price Increases
14
S&P Case-Shiller Home Price Indices
15
Dr. Stan Humphries Quote
17
Year-over-Year Inventory Levels
19
Jed Kolko Quote
http://www.housingviews.com/wp-content/uploads/2013/11/CSHomePrice_Release_Sept-Results.pdf
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/11/Fitch%20-%20Housing%
http://www.housingviews.com/wp-content/uploads/2013/11/CSHomePrice_Release_Sept-Results.pdf
http://www.dsnews.com/articles/housing-market-performs-well-despite-rising-interest-rates-2013-10-24
www.realtor.org
http://www.chicagotribune.com/classified/realestate/sns-201311091600--tms--realestmctnig-a20131115-2
KEEPINGCURRENTMATTERS.COM
55. Resources
Slide
Slide Title
20
Joseph Snider Quote
22
Emerging Trends in 2014
25
Bill McBride Quote
http://www.calculatedriskblog.com/2013/11/will-fed-taper-in-december-inflation-is.html
26
2013 30 Year Fixed Mortgage Rates
http://www.freddiemac.com/pmms
28
Mortgage Rate Projections
Link
http://www.dsnews.com/articles/slow-household-formation-cyclical-like-all-things-real-estate-moodys
http://www.uli.org/wp-content/uploads/ULI-Documents/Emerging-Trends-in-Real-Estate-Americas-20
http://www.mortgagebankers.org/files/Bulletin/InternalResource/84813_.pdf
http://www.freddiemac.com/news/finance/docs/Jun_2013_public_outlook.pdf
http://www.realtor.org/sites/default/files/reports/2013/embargoes/phs-6-27-hgbfjnv/july-2013-outlo
http://www.fanniemae.com/resources/file/research/emma/pdf/Housing_Forecast_061313.p
df
34
Where Buyer Found the Home They Purchased
http://economistsoutlook.blogs.realtor.org/2013/11/05/2013-profile-of-home-buyer-andsellers-technology-trends
39
Pending Home Sales
http://www.realtor.org/
40
Return on Investment
http://www.spindices.com/index-family/real-estate/sp-case-shiller
41
30 Year Fixed Rate Mortgage History
http://www.freddiemac.com/pmms
42
Dr. Stan Humphries Quote
https://www.spice-indices.com/idpfiles/spiceassets/resources/public/documents/19529_cshomeprice-release-0730.pdf
KEEPINGCURRENTMATTERS.COM
56. Resources
Slide
Slide Title
Link
44, 45
Months Inventory of Homes for Sale,
Percentage of Distressed Property Sales
www.realtor.org
47
Distressed Properties
http://www.corelogic.com/about-us/researchtrends/the-marketpulse.aspx
48
Where Do Buyers Find a Home?
www.realtor.org
50
2013 30 Year Fixed Mortgage Rates
http://www.freddiemac.com/pmms
KEEPINGCURRENTMATTERS.COM