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Become YOUR Market Expert Using KCM and MRED

Become YOUR Market Expert Using KCM and MRED. Russ Bergeron – MRED CEO. BIG DATA – little information. Your New Jobs. INFOMEDIARY & INTERPRETER. National Knowledge. Local Expert. Jerry Hoffman Keller Williams. Senior MRED Instructor. Matt Dollinger Gearbox Consulting.

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Become YOUR Market Expert Using KCM and MRED

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  1. Become YOUR Market Expert Using KCM and MRED

  2. Russ Bergeron – MRED CEO

  3. BIG DATA – little information

  4. Your New Jobs INFOMEDIARY & INTERPRETER

  5. National Knowledge Local Expert

  6. Jerry HoffmanKeller Williams Senior MRED Instructor

  7. Matt DollingerGearbox Consulting Chief Solutions Officer

  8. Steve HarneyKeeping Current Matters Founder and Chief Content Creator

  9. Steve Harney – Keeping Current Matters Knowing the National Market

  10. Pricing Inventory What buyers and sellers are expecting. What is my current competition. Home Sales Existing and Pending Home Sales determine the rate of inventory and at what price they move.

  11. Year-over-Year Change in Prices S&P Case Shiller 11/2013

  12. Year-over-Year Price Changes by Region FHFA 3Q Home Price Index11/2013

  13. Year-over-Year Price Changes by State FHFA 3Q Home Price Index11/2013

  14. Affordability is still good compared to any time over the last 50 years. “Asking home prices give us the first look at where home sale prices are headed, and they point to a slowdown. After rising rapidly in the first half of 2013, asking prices in two thirds of the largest metros are cooling. In fact, asking prices are falling – not just rising more slowly – in 11 of the 100 largest metros, the most markets to see prices slip in six months.” Jed Kolko Trulia’s Chief Economist

  15. Affordability is still good compared to any time over the last 50 years. “If home values continued to rise as they have, relatively unchecked, we would almost certainly be headed into another bubble cycle, and nobody wants that…This moderation should help consumers feel more at ease in their decisions to buy and sell, and will help keep the market balanced.” Stan Humphries Chief Economist for Zillow

  16. Months Inventory of Homes for Sale 5-6 Months = Normal Market Inventory NAR 11/2013

  17. Year-over-Year Inventory Levels NAR 11/2013

  18. "The conditions that led to the robust appreciation experienced earlier this year, including historically low mortgage interest rates, high affordability, low inventory and high demand, are waning. In their place, we're beginning to see more inventory and rising mortgage rates, which will lead to further normalization in the market going forward." Dr. Stan Humphries Zillow Chief Economist

  19. “The emerging slowdown in home purchases appears to be largely seasonal.” Thomas Popik Research Director for the HousingPulse survey

  20. Existing Home Sales S&P Case Shiller 11/2013

  21. Pending Home Sales 100 = Historically Healthy Level NAR 11/2013

  22. Days on Market

  23. Affordability is still good compared to any time over the last 50 years. “The rapid price gains of the last year cannot be sustained and we expect the pace to decline substantially…A slower pace is a positive for housing demand and will help to keep affordability from further eroding.” Moody’s Analytics

  24. Jerry Hoffman – MRED Certified Trainer Bringing it local with infoSparks

  25. What is InfoSparks? InfoSparks is an interactive online market analytics tool using MRED data to deliver easy to understand charts, graphs and housing trends for specific marketing areas. • Works on iPad and other tablets • Choose multiple areas • Expanded statistics • Customizable price ranges • Embed live data links on your website

  26. Median Sales Price Comparison

  27. Market Time Comparison

  28. Inventory Comparison

  29. Under Contract Comparison

  30. Closed Sales Comparison

  31. Median Sales Price Comparison

  32. Market Time Comparison

  33. Inventory Comparison

  34. Under Contract Comparison

  35. Under Contract Comparison

  36. Closed Sales Comparison

  37. Seller Type Insight

  38. Steve Harney – Keeping Current Matters Market Expectations 2014

  39. Sustainability of Current Price Increases Fitch Ratings11/2013

  40. Cumulative Appreciation by 2018 Home Price Expectation Survey 2013 4Q

  41. PROJECTED Percentage Appreciation Home Price Expectation Survey 2013 4Q

  42. ta·per ˈtāpər/ Verb – to diminish or reduce

  43. A government stimulus package… for the HOUSING INDUSTRY

  44. Mortgage Rate Projections

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