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State of the US Housing Market

Statistics Information on the current market

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State of the US Housing Market

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  1. World Economic Outlook

  2. 2009 Outlook

  3. Slow, Steady Growth

  4. Current Economy

  5. Government Stimulus Plan • $275 Billion Foreclosure Relief Plan • Interest Rates are Trending Down

  6. State of the Economy

  7. 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

  8. 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

  9. 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

  10. 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

  11. 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)

  12. 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

  13. 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

  14. Distressed Properties

  15. Existing Home Sales After Recessions

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