3. Top 5 Reasons Americans Buy a Home
A better place to raise their children
A place their family can feel safe
Ability to have more space
Freedom to renovate to their taste
Owning is a better investment
Fannie Mae
4. Owning is still…
% Cheaper
than renting
Homeownership remains cheaper than
renting in all of the 100 largest metro areas
Trulia 9/2013
10. The two best ways to invest money not
needed for more than 10 years
CASH
REAL ESTATE
Bankrate.com 8/2013
11. Home Prices over the Next 12 Months
Prices Going Up
Prices Falling
36%
Remain the Same/Not Sure
29%
6%
9%
55%
All Americans
65%
Upper Middle Class Households
17. 30 Year Fixed Rate
Mortgage History
January 2012 – October 2013
Federal Reserve 9/2013
18. 115
Pending Home Sales
110
105
100
100 = Historically Healthy Level
95
90
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
NAR 9/2013
19. Months Inventory of Homes for Sale
5-6 Months = Normal Market Inventory
NAR 9/2013