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State of the US Housing Market

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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
government stimulus plan
Government Stimulus Plan
  • $275 Billion Foreclosure Relief Plan
  • Interest Rates are Trending Down
current market trends
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

national numbers prime mortgages
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

national numbers all mortgages
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

national numbers
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

national numbers12
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)

national numbers13
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

national numbers14
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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