23. Small Group Discussion You’re making a listing presentation to a seller. They believe their house is worth far more than you do. How would you make your case? Use statistics from the Monthly Indicators Report, but what else would you say?
26. First-Time Home Buyer Tax Credit Q: What will happen when the tax credit expires? + 52.6% 119 78 First-Time Buyers - 29.9% 171 August 2009 244 August 2008 All Other Buyers
32. Positive News: Relatively Few Foreclosures *Source: RealtyTrac 234 Michigan 5 150 Arizona 4 144 California 3 140 Florida 2 62 Nevada 1 Housing Units Per Foreclosure
33. Positive News: Relatively Few Foreclosures *Source: RealtyTrac 234 Michigan 5 3,027 South Dakota 44 150 Arizona 4 144 California 3 140 Florida 2 62 Nevada 1 Housing Units Per Foreclosure
34. Takeaway: the foreclosure crisis hasn’t and won’t hit Sioux Falls as hard as the rest of the country. But more are coming down the pipeline. Positive News: Relatively Few Foreclosures
35. Positive News: Relatively Healthy Job Outlook Trivia Question: What two states are the Top 5 healthiest regions for employment located in?
36. Positive News: Relatively Healthy Job Outlook 4.6 Grand Forks, ND 5 4.5 Sioux Falls, SD 4 4.2 Rapid City, SD 3 4.2 Fargo, ND 2 3.1 Bismark, ND 1 Current Unemployment Rate
40. Positive News: Relatively Healthy Job Outlook & Population Growth Takeaway: Sioux Falls is weathering the recession better than most regions in the country and is growing. This bodes well for housing demand.
41. Sioux Falls Outlook Summary Sales are likely to dip down again in 2010 Buyer’s market into foreseeable future, especially in higher price ranges Pending sales up for 3 consecutive months Housing affordability up dramatically Relatively few foreclosures Healthy Job Outlook and Population Growth In sum: optimistic long-term outlook.
42. Sioux Falls Outlook Summary The only constant is change. Stay on top of Sioux Falls housing market trends using RASE market tools: www.rase-inc.org
43. Sioux Falls Housing Market: The Big Picture and The Little Details Jeff Allen Director of Research Services [email_address]
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