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POWER 2013

POWER 2013. Through. Home Sales in thousands. Actual. Projected. NAR 6/2013. Price Changes as per Case Shiller. Case Shiller. Are Properties Overvalued?.

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POWER 2013

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  1. POWER 2013 Through

  2. Home Sales in thousands Actual Projected NAR 6/2013

  3. Price Changes as per Case Shiller Case Shiller

  4. Are Properties Overvalued? “Inventories of existing homes are as low as they were in 2000. New-home inventories have barely budged from a 50-year low. As a consequence, there are only 5 months of inventory for existing homes and 4 months for new homes, compared with 6 months when market conditions are normal… Moreover, housing is at least fairly valued, if not undervalued. The boom and bust in housing left house price gains far behind income and rent gains.” Celia ChenSenior Director of the Moody's Analytics Research Staff Moody’s Economy

  5. Gains as Measured Between the First Quarters of 2004 and 2013 Moody’s Economy

  6. http://www.economist.com/blogs/graphicdetail/2013/06/us-house-priceshttp://www.economist.com/blogs/graphicdetail/2013/06/us-house-prices

  7. Economist Index of US house Prices – California/Las Vegas http://www.economist.com/blogs/graphicdetail/2013/06/us-house-prices

  8. The Cost of Waiting a Year

  9. “I don’t think the Fed ultimately would be troubled with a 6.5% mortgage rate.” Doug Duncan Chief Economist for Fannie Mae Inman News

  10. "As the economy continues to improve, we expect to see continued upward movement in long-term interest rates… At today’s house prices and income levels, mortgage rates would have to be nearly 7 percent before the U.S. median priced home would be unaffordable to a family making the median income in most parts of the country.” Frank Nothaft Freddie Mac VP and Chief Economist Freddie Mac

  11. Percentage of Distressed Property Sales 35% 18% NAR 6/2013

  12. Breakdown of Today’s Purchasers Campbell/Inside Mortgage Finance HousingPulse Tracking Survey 6/2013

  13. Agents Who Specialize… in a small geographic area compared to agents who list homes in a large area: Were 4% more likely to sell the home Sell homes for 1.21% more Sell homes above the median price for 1.71% more Sell the home in 5.5 fewer days WSJ 6/2013

  14. Return on Investment January 2000 – July 2013 MSN Money.com, Case Shiller

  15. S&P Case-Shiller Home Price Indices S&P Case Shiller 6/2013

  16. S&P Case-Shiller Home Price Indices Jan Feb Mar Apr May S&P Case Shiller 6/2013

  17. S&P Case-Shiller Home Price Indices S&P Case Shiller 5/2013

  18. MARKETING

  19. HOME MORTGAGE INTEREST RATES (30 YEAR FIXED) % HISTORICALLY CURRENTLY 8.69 4.29 In the FUTURE? Average Mortgage % Rate 1972-2012 Today’s Mortgage % Rate “I don’t think the Fed ultimately would be troubled with a 6.5% mortgage rate.” The annual difference in mortgage payment (P&I) on a $250,000 home loan if rates go from 4.5 to 6.5%. $3,761.52 - Doug Duncan, Chief Economist at Fannie Mae 6/2013 Freddie Mac Rates 6.06 Average 4.78 Average before the financial crisis after the financial crisis KCM

  20. z Year-Over-Year change from NAR June 2013 Single Family Residential UP 15.8% UP 12.7% Condominiums & Co-ops UP 11.8% UP 13.7%

  21. % Year-Over-Year Sales Increases by Price Point

  22. Current % Price Change:

  23. 4 REASONS to USE an AGENT who SPECIALIZES in YOUR AREA HOMES ARE MORE LIKELY TO SELL HOMES SELL FOR 1.21% MORE HOMES OVER MEDIAN PRICE SELL FOR 1.71% MORE HOMES SELLQUICKER Source: WSJ 6/2013

  24. POWER 2013 Through

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