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Keeping Current Matters By Steve & Gerri

Keeping Current Matters By Steve & Gerri. March 2013. Pending Home Sales By Steve & Gerri Wadkins. NAR 2/2013. Pending Home Sales. 100 = Historically Healthy Level. January 2012 – January 2013. January 2011 – January 2012. NAR 2/2013. New Home SALES CALL Gerri 702-591-2576. +28.9%.

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Keeping Current Matters By Steve & Gerri

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  1. Keeping Current Matters By Steve & Gerri March 2013

  2. Pending Home Sales By Steve & Gerri Wadkins NAR 2/2013

  3. Pending Home Sales 100 = Historically Healthy Level January 2012 – January 2013 January 2011 – January 2012 NAR 2/2013

  4. New Home SALES CALL Gerri 702-591-2576 +28.9% +15.6% Census 3/1/2013

  5. “While gross domestic product is expected to be negatively impacted by all the uncertainty surrounding the nation's impending debt ceiling debate and the risk of sequestration, the housing sector is expected to continue its upward trajectory, the National Association for Business Economics (NABE) said.” Political Uncertainty Housing Wire 2/25/2013

  6. Month’s Inventory of Homes for Sale Buy NOW 5-6 Months = Normal Market Inventory NAR 2/2013

  7. Month’s Inventory of Homes for Sale SELL NOW SAYS STEVE 2011 5-6 Months = Normal Market Inventory 2012 NAR 2/2013

  8. Month’s Inventory of Homes for Sale SELL NOW SAYS STEVE… 5-6 Months = Normal Market < 4 Months = Sellers’ Market NAR 2/2013

  9. New Home Inventory Calculated Risk 2/2013

  10. Home Prices in the Short Term PROJECTED? S&P Case Shiller 2/2013

  11. S&P Case-Shiller Home Price Indices S&P Case Shiller 2/2013

  12. Mortgage Rates Moving Forward “After reaching record lows in 2012, mortgage rates are expected to creep up slowly in 2013, the Mortgage Bankers Association (MBA)predicted.” The MBA projects 30 year mortgage rates will hit 4.4% by the end of the year. MarketWatch 10/24/2012

  13. Impact of Increasing Rates

  14. Bernanke on Interest Rates “If, as the Federal Open Market Committee (FOMC) anticipates, the economic recovery continues at a moderate pace, with unemployment slowly declining and inflation expectations remaining near 2 percent, then long-term interest rates would be expected to rise gradually toward more normal levels over the next several years… The precise timing and pace of the increase will depend importantly on how economic conditions develop, however, and is subject to considerable two-sided uncertainty.” Federal Reserve 3/1/2013

  15. Housing America’s Future: New Directions for National Policy “The report proposed a reformed system of housing finance in which the private sector plays a far more prominent role in bearing credit risk while promoting a greater diversity of funding sources available for mortgage financing. The problems we face in housing are so significant and so urgent today that inaction is no longer a viable option… It is therefore the commission’s hope that 2013 will be the year that Congress and the administration finally elevate housing to the top of the national policy agenda and give housing the dedicated attention it deserves.” Bipartisan Policy Center 3/1/2013

  16. Percentage of Distressed Property Sales 35% 23% NAR 2/2013

  17. Shadow Inventory “Shadow inventory never hit full force, so now I think we’re at a point where the pendulum has swung completely the other way and the housing market needs more inventory, so 2013 would be a serendipitous time for banks to release that inventory.” Daren Blomquist, VP of RealtyTrac He expects 600,000 REOs in 2013 and short sales to exceed the 2012 number, which will likely be around 1 million. DSNews 2/22/2013

  18. FORECLOSURES CNN Money 2013 100 hardest hit zips in 2012

  19. Short Sales Moving Forward “Short sales don’t seem to be going away anytime soon...I think 2013 and 2014 are going to be all about the short sale.” Wingspan Portfolio Advisors CEO Steven Horne “I think we’re going to set a new record for short sales in 2013.” Rick Sharga, EVP of Carrington Mortgage SHORT SALES HousingWire 2/21/2013

  20. Building Trust is Important “Weary of mis­information, people are making integrity a new form of competitive advantage… More important than ever to building brand equity and differentiation, trust has become a precious commodity.” Ford 2013

  21. Keeping Current Matters By Steve & Gerri Wadkins-Realtors-Wadkins Home Team/Realty ONE Group 702-530-4070

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