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State of the US Housing Market - PowerPoint PPT Presentation


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Statistics Information on the current market

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Presentation Transcript




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Government Stimulus Plan

  • $275 Billion Foreclosure Relief Plan

  • Interest Rates are Trending Down



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Current Market Trends

  • 2007 – Foreclosures increased on a quarterly basis all four quarters of the year

  • 2007 had 2,203,295 total Foreclosures up 75% over 2006

  • End of 2008

    • Approximately 2 in every 100 households

      • Nevada – 3.38%

      • Florida – 2%

      • Michigan – 1.94%

      • California – 1.92%

      • Colorado – 1.91%

Source: RealtyTrac


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National Numbers Prime Mortgages

November 12, 2008 (Q1 to Q3 2008)

1.58% in Foreclosure*

4.34% in Default (30+ days late)

  • 5.92% Total in Default

    Mortgage Bankers Association

    Based on 45,000,000 mortgages

    • *Seasonally Adjusted, ARM

Source: MSNBC.com


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National Numbers, All Mortgages

November 12, 2008 (Q1 to Q3 2008)

2.97% in Foreclosure

6.99% in Default (30+ days late)

9.96% Total in Default

Mortgage Bankers Association

Based on 45,000,000 mortgages

*Seasonally Adjusted

Source: MSNBC.com


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National Numbers

2.32% in Foreclosure

12.92% in Default (30+ days late)

15.24% in Default

Mortgage Bankers Association

Based on 45,000,000 mortgages

FHA Mortgages, (Q1 & Q2 2008)

Source: MSNBC.com


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National Numbers

12.55% in Foreclosure

20.02% in Default (30+ days late)

32.57% Total in Default

Mortgage Bankers Association

Based on 45,000,000 mortgages

November 12, 2008 (Q1 to Q3 2008)


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National Numbers

All Mortgages , January to October

Total Officially Distressed 2,595,3111

Total 30 Days+ (based on 9.16%) 5,124,0002

Total Distressed Properties 7,791,311

** Total REO Only 704,507

1

2

Estimate


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National Numbers

All Mortgages, January to May

Total Distressed Properties 7,719,311

Total Predicted Sales 4,740,000

1

NAR, Walter Monoly

11/24/2008




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