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Keeping Current Matters

Keeping Current Matters. July 2011. Pending Home Sales. NAR 03/2011. Return on Investment. (January 1, 2000 – July 1, 2011). MSN Money.com, Case Shiller. Mortgage Rates – 30 year fixed. Today. 4/01/2010. Federal Reserve. National Public Radio (NPR).

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Keeping Current Matters

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  1. Keeping Current Matters July 2011

  2. Pending Home Sales NAR 03/2011

  3. Return on Investment (January 1, 2000 – July 1, 2011) MSN Money.com, Case Shiller

  4. Mortgage Rates –30 year fixed Today 4/01/2010 Federal Reserve

  5. National Public Radio (NPR) For Many, It's A Good Time To Buy A Home “I think the arithmetic is such that if you plan to live in your home five or more years, then you should really consider buying a single-family home in most parts of the country at this point in time.” – Mark Zandi, Moody’s Economy.com NPR 6/8/2011

  6. CBS Money Watch.com Real Estate: Why the Time to Buy Is Now “No, that’s not a joke…this may be a once in a generation buyer’s market.” CBS Money Watch 6/8/2011

  7. Home Prices Moving Forward JP Morgan 6/09/2011 Macro Market Survey 06/2011

  8. It’s Time to Buy “Housing is more affordable than it’s been in a generation. I think it is a good time to become a home owner because it’s so affordable today compared to where it’s been for generations.” - HUD Secretary Shaun Donovan CNN 7/03/2011

  9. Supply & Demand

  10. REO Saturation and Prices National REO Saturation (2008 to 2011) National Home Price Change (2008 to 2011) Clear Capital

  11. Percentage of Distressed Property Sales NAR

  12. Foreclosure Delays Washington Post 6/30/2011

  13. Foreclosure Delays NY Times 6/19/2011

  14. Delinquencies & Foreclosures …outnumber foreclosure sales by a ratio of 50:1 90+ Delinquencies and Foreclosures 4,084,557 LPS 6/2011

  15. Window of Opportunity

  16. Celia Chen “The key to the near-term outlook is the change in the share of sales of distressed homes, known as REO sales. As this share increases, the proportion of discounted home sales will also increase, causing house prices to fall.” – Moody’s Analytics "That is a very big wild card ... how quickly these foreclosures are released on the housing market, and that is a difficult thing to predict. We do expect foreclosures are going to rise over the next several quarters with the fastest pace occurring toward the end of this year.” – News Tribune 6/28/2011 News Tribune 6/28/2011

  17. Prices “The slow resolution of issues surrounding the so-called robo-signing scandal is keeping distressed homes off the market. As a result, the housing correction will take a little longer …House prices will flounder until early next year and start rising in earnest at the end of 2012.” – Celia Chen Moody’s Analytics 6/17/2011

  18. Prices “The delicate supply/demand balance will continue to be challenging for the remainder of this year and into 2012. Comparing housing inventory (supply) and existing home sales (demand), we can see that not only is the pace of demand important but so is the conversion of shadow inventory into real inventory.” - JP Morgan JP Morgan 6/09/2011

  19. Home Price Expectation Survey Cumulative Appreciation Macro Market Home Price Expectations Survey 06/2011

  20. Case Shiller Future Prices August Price Projected Bottom Feb ‘12 Apr ‘13 CME Group 6/11

  21. Resources KEEPINGCURRENTMATTERS.COM

  22. Resources KEEPINGCURRENTMATTERS.COM

  23. Presentation Boredom

  24. 96% of Homeowners See Homeownership as a Positive Experience. Fannie Mae National Housing Survey

  25. 88% of Americans Say Home Ownership is an Important Part of the American Dream. New York Times and CBS News Survey

  26. 81% of Americans Agree that Buying a Home is the Best Long-Term Investment. Pew Research Center

  27. 69% of Americans Say Now is the Time to Buy. Gallup Poll

  28. Keeping Current Matters July 2011

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