Steven Young, Jr's. REAL ESTATE REPORT WINTER 2015
|
|
- Donna Cook
- 8 years ago
- Views:
Transcription
1 Steven Young, Jr's. REAL ESTATE REPORT WINTER 2015
2 Steven Young, Jr's Real Estate Report PAGE 1 INDUSTRY FACTS MEDIAN DAYS ON THE MARKET: 56 Days in September 2014 Existing home sales in September increased 2.4% to a seasonally-adjusted annual rate of 5.17 million. The total housing inventory at the end of September declined by 1.3%, resulting in 2.3 million exsisting homes available for sale, which is a monthly supply of 5.3% at the current sales pace. 35% vs. of homes sold in September were on the market for less than a month. 50 Days in September 2013 Americans are waiting 5 years longer to marry and are having kids later. The decline is also attributed to short-term economic conditions, including student loan debt and poor earning potential. The home ownership rate is 64.3%. Existing home sales are 80% back to normal. New construction starts are 49% back to normal, up from 37% a year ago. EXISTING HOME SALES BY REGION: Northeast: Existing home sales increased 1.5% in September 2014 to an annual rate of 680,000. Midwest: Existing home sales declined 5.6% in September 2014 to an annual rate of 1.17 million. South: Existing home sales increased 5.0% in September 2014 to an annual rate of 2.12 million. West: Existing home sales increased 7.1% in September 2014 to an annual rate of 1.20 million. In the next 12 months, 40% of Americans say that the homes in their neighborhood will be worth more, 37% say they ll remain the same, 15% aren t sure and 8% say they ll be worth less. 66% of Americans say they would buy if they were going to move today Texas 2. Florida 3. California 4. North Carolina 68% of Americans say that now is a good time to buy; 39% say that it s a good time to sell. TOP 10 STATES FOR NEW HOMES SALES IN Georgia 6. Colorado 7. Washington 8. Arizona Virginia 10. South Carolina Home sales in 2015 are expected to reach their highest level in two years. SOURCES: NATIONAL ASSOCIATION OF REALTORS, NATIONAL ASSOCIATION OF HOME BUILDERS, TRULIA, BUILDER MAGAZINE, FANNIE MAE
3 Steven Young, Jr's Real Estate Report PAGE 2 MORTGAGE STATS 12% of buyers thought that saving for a down payment was difficult. COMMON SAVINGS OBSTACLES: 45% 43% Student loans. 38% Credit card debt. 31% Car loans. of Americans say that mortgage rates will go up in the next 12 months. 45% 5% say that they ll stay the same. say that they ll decrease. Buyers typically financed 90% of their home purchase. 95% of first-time buyers financed their home purchase, while 84% of repeat buyers did the same. 92% 26% of borrowers chose a fixed-rate mortgage. of buyers say that the mortgage application and approval process were somewhat more difficult than expected. TYPE OF LOANS BUYERS CHOSE: AMONG REPEAT BUYERS: 61% Conventional 22% FHA 12% VA 48% Conventional 35% FHA 9% VA AMONG FIRST-TIME BUYERS: 69% Conventional 15% FHA 13% VA 44% It s evenly split: 48% of Americans say that it would be difficult to get a mortgage today, while 48% say it would be easy. of buyers financed of Millennials think it will be difficult to qualify for a mortgage. 88% their home purchase, including 97% of Gen Y. Top 3 Sources of Down Payments 1. Savings 2. Sale of a primary residence 3. Gift from family/friend SOURCES: NATIONAL ASSOCIATION OF REALTORS, FANNIE MAE, NATIONAL ASSOCIATION OF HOME BUILDERS
4 Steven Young, Jr's Real Estate Report PAGE 3 DISTRESSED PROPERTIES AVERAGE TIME ON MARKET: Short sales 116 days Non-distressed properties 55 days Foreclosed properties 59 days DISTRESSED PROPERTY AS PERCENTAGE OF ALL SALES: 10% September 2014 vs. 14% September out 10 of distressed sales in September were foreclosures, while 3 were short sales. Foreclosures sold for an average discount of 14% below market value in September The housing market is sounder than it has been in a decade: The number of homes in foreclosure each quarter is down to pre-crisis levels of 2005 and PRICE INFORMATION For the 27th consecutive month, home prices increased year-over-year, growing 20.7% over the past two years. The existing home price for all housing types in September was $209,700, up 5.6% from September % The existing condo price was $205,200, up 3.2% from September of Americans say that home prices will stay the same over the next 12 months. 8% say they will decrease. 42% say they will go up. The median price of a new home decreased 4% in September 2014 from August 2014 to $259,000. Experts predict that existing home prices will increase 3% in 2015 and 2% in The existing single-family home price was $210,300 in September, up 5.9% from September Although home prices are increasing, they re doing so at the slowest pace in two years. Home prices are 75% back to normal, up from 56% a year ago. SOURCES: NATIONAL ASSOCIATION OF REALTORS, BLOOMBERG, TRULIA, NATIONAL ASSOCIATION OF HOME BUILDERS, FANNIE MAE
5 Steven Young, Jr's Real Estate Report PAGE 4 TODAY S BUYER GENERATIONAL TRENDS: of buyers 31% are Gen Y. Gen X. 30% 30% Baby Boomers. 9% Silent Generation. Half of buyers begin their formal home search 6 to 12 months before buying; 3/4 start a year ahead. 97% of buyers are satisfied with their recent home purchase. The median household income of buyers was $84,500. Among first-time buyers, it was $68,300. Among repeat buyers, it was $95, % of home buyers bought due to a desire to own a home. 9% purchased a home due to a job-related relocation. 8% purchased a home to be in a better area or due to a change in their family situation. 92% of buyers used the Internet in some way during their home search, with 50% of buyers using a mobile website or application. All generations looked online for properties first before contacting a real estate agent; however, the younger the buyer, the more likely they were to look online. 26% of Gen Y and 22% of Gen X buyers found the home they purchased through their mobile device. Buyers expect to live in their homes for 12 years. Younger buyers are more likely to purchase an older or previously owned home, while Baby Boomers are more likely to buy a new home. Younger buyers prefer an agent to communicate via and text, whereas older buyers prefer a phone call. The typical buyer searched for 10 weeks and viewed 10 homes during their search. SOURCE: NATIONAL ASSOCIATION OF REALTORS, THINK WITH GOOGLE
6 Steven Young, Jr's Real Estate Report FIRST-TIME HOME BUYER FACTS FIRST-TIME HOME BUYERS (BY REGION): 29% of buyers in September 2014 were first-time buyers. First-time buyers have made up less than 30% of all buyers in 17 of the past 18 months. 76% of Gen Y are first-time home buyers. 85% of experts predict, the median age of first-time home buyers will rise to 32 or older in the next decade. 54% of first-time buyers were married. 18% were single females. 11% were single males. 15% were unmarried couples. 75% rented an apartment or house before buying a home. 19% lived with parents, relatives or friends. The median age of first-time buyers in 2013 was 31. SOURCES: NATIONAL ASSOCIATION OF REALTORS, ZILLOW 41% Northeast 36% Midwest 30% South 32% West PAGE 5
7 Steven Young, Jr's Real Estate Report SELLER STATS & TRENDS Gen X comprised the largest share 29% of home sellers, followed by older Baby Boomers (22%) and younger Baby Boomers (21%). Younger sellers are more likely to sell to upgrade to a larger home or for a job relocation. Older sellers want to downsize in retirement or to be closer to friends and family. 13% of sellers wanted to sell their homes earlier but waited because their homes were worth less than the mortgage. This was most common among 17% of Gen Y and 19% of Gen X sellers. 36% of sellers offered incentives to attract buyers, including home warranty policies and closing costs. SOURCES: NATIONAL ASSOCIATION OF REALTORS SELLERS UPGRADED: 40% of sellers bought a home larger than their current one. 47% purchased a more expensive home. 53% purchased a newer home. PAGE 6 45% of sellers reduced the initial asking price at least once. Sellers lived in their homes for 10 years. This is up from 6 years in Sellers sold their homes for an average of 97% of the listing price.
8 Steven Young, Jr's Real Estate Report CONSUMER CONFIDENCE 51% 53% of Americans plan to buy a home within the next 5 years, including 61% of Millennials, 28% of Gen X and 10% of Baby Boomers. of buyers undertook a home improvement project within 3 months of buying, spending an average of $4,550 on improvement projects. The kitchen was the most common space to improve. 75% of Millennials say that 73% of Millennials say that homeownership homeownership is an important long-term goal. REASONS RENTERS DON T BUY: 56% Insufficient savings or too much debt. say they ll go down. of Americans expect their personal financial situation to get better over the next 12 months. 12% expect it to get worse. 2.3% moved for other reasons (natural disaster, change of climate, health, attend or leave college, etc.). say they ll stay the same. FOR MOST AMERICANS, THEIR FINANCIAL SITUATIONS ARE STABLE: expect it to stay the same. 19.4% moved for employment-related reasons (retired, looking for work, to be closer to work, new job/transfer). of Americans say that home rental prices will increase in the next 12 months. 3% 41% 30.3% moved for family-related reasons (change in marital status, establish own household, etc.). 55% 41% 44% 48% moved for housing-related reasons (foreclosure, wanted to move to a better neighborhood, wanted to buy a home, wanted a better home, etc.). ARE RENTAL PRICES GOING UP? 37% Credit isn t good enough. 11.7% of people moved between 2012 and 2013: is an excellent investment. 53% Don t earn enough. REASONS FOR MOVING: 59% say that their household income is the same as it was 12 months ago. 25% 14% SOURCES: BUILDER MAGAZINE, NATIONAL ASSOCIATION OF REALTORS, NATIONAL ASSOCIATION OF HOME BUILDERS, U.S. CENSUS BUREAU, WALL STREET JOURNAL, FANNIE MAE say that it s significantly higher. say it s significantly lower. PAGE 7
9 Brian Steven Buffini s Young, Real Jr's. Estate Real Report Estate Report PAGE 10 PAGE 8 BUYERS AND THE INTERNET Google searches for real estate listings peak in July. This year, they reached their highest point since Half of all Millennials visited real estate websites in July, 36% visited real estate websites or apps on mobile devices. People who search for real estate listings are 5 times more likely to search about planning for retirement and 4 times more likely to search about finding child care. Millennials are twice as likely as the average person to look at real estate information on a mobile device. House hunters used their mobile device most to search for listings and find directions while out looking for a home. PEOPLE USE THEIR MOBILE DEVICE TO: Search for listings. Find directions to a home. Look for more information on a listing. Call or an agent directly. Watch video tours while out looking for a home. One-quarter of Google searches for mortgages have been on mobile devices, with mortgage calculator making up half of the searches year olds were twice as likely as year olds to say that they re planning to buy a home in the next year. 83% of year olds said that they would start their formal home search more than 6 months in advance, compared to 73% of people older than 35. SOURCE: THINK WITH GOOGLE
10 Steven Young, Jr's. Real Estate Report PAGE 9 TODAY S REAL ESTATE PROFESSIONAL The average real estate professional has 12 years of experience. 67% 12% of agents have a website. 82% of real estate professionals are very certain they ll be active in real estate in the next two years. AGENT S PREFERRED METHOD OF COMMUNICATION WITH: of agents have a real estate blog. Current Clients Past Clients Potential Clients THE MEDIAN NUMBER OF TRANSACTIONS of agents use social BY EXPERIENCE: 94% 68% 65% 61% media or a professional networking website. 2 years or less: 3 transactions. 90% Telephone 58% Telephone 58% Telephone 3 to 5 years: 10 transactions. 80% Text messaging 43% Postal mail 42% Postal mail 6 to 15 years: 13 transactions. 16 years or more: 15 transactions. WHAT DO SELLERS WANT MOST FROM THEIR AGENTS? 23% Market home to potential buyers. 20% Sell the home within specific time frame. 19% Price home competitively. 14% Find a buyer for home. 13% Find ways to fix up home to sell it for more. WHAT DO BUYERS WANT MOST FROM THEIR AGENTS? 53% Find the right home to purchase. 12% Negotiate the terms of sale. 11% Handle the price negotiations. 8% Determine what comparable homes were selling for. 6% Handle the paperwork. SOURCES: NATIONAL ASSOCIATION OF REALTORS, BUFFINI & COMPANY, RISMEDIA
11 Steven Young, Jr's. Real Estate Report PAGE 10 WHY I WORK BY REFERRAL Studies show that 82% of real estate sales are the result of agent contacts from previous clients, referrals, friends, family and personal clients. 88% of buyers would use their agent again or refer them to others. RELATIONSHIPS ARE MORE IMPORTANT THAN TRANSACTIONS. You may have noticed that many real estate agents take a transactional approach to sales identifying clients, closing the deal, and then moving on to the next one. I choose not to work that way because I believe you deserve more from the professional you decide to work with. That s why I work by referral. Since my primary source of new business is referrals from people who know and trust me, I don t have to spend time prospecting and promoting myself. I can dedicate myself fully to the activities that benefit you most and always deliver truly exceptional service. Working by referral is all about trust. And, let s face it, when we re seeking a service, we look for someone we can trust someone proven, who comes highly recommended and is already on our side. YOU CONTROL MY BUSINESS. I know that I must earn your future referrals, so I aim to exceed your expectations. I have a vested interest in making sure that you are completely satisfied at the end of our transaction together. I want you to be so fired-up that you can t wait to tell your friends and family about me and the fantastic service you received! When you come across an opportunity, I d appreciate you referring me to great people like yourself, who would benefit from the excellent service and personal attention I provide. There is no lead more powerful than one referred from someone you know someone who knows you, trusts you and will put their name to you. Steven Young, Jr. SERVICE THAT CONTINUES AFTER THE SALE. I devote myself to serving the needs of my clients before, during and after each sale. Instead of disappearing after the closing, you can expect me to keep in touch. I will send you valuable information each month, and will also call from time to time just to check in and see if you need anything. SOURCES: NATIONAL ASSOCIATION OF REALTORS
REAL ESTATE REPORT 3RD QUARTER 2015 SOURCES: BUFFINI & COMPANY,
REAL ESTATE REPORT 3RD QUARTER 2015 SOURCES: BUFFINI & COMPANY, INDUSTRY FACTS MEDIAN DAYS ON THE MARKET: 39 Days in April 2015 vs. Home sales in April reached a seasonally adjusted rate of 5.04 million,
More informationHome Buyer and Seller Generational Trends
2014 National Association of REALTORS Home Buyer and Seller Generational Trends NATIONAL ASSOCIATION OF REALTORS Research Division March 2014 2014 National Association of Realtors Home Buyer and Seller
More information2014 Profile of Home Buyers and Sellers Florida Report
2014 Profile of Home and Sellers Report Prepared for: REALTORS Prepared by: NATIONAL ASSOCIATION OF REALTORS Research Division December 2014 2014 Profile of Home and Sellers NATIONAL ASSOCIATION OF REALTORS
More informationHome Buyer and Seller Generational Trends
2015 National Association of REALTORS Home Buyer and Seller Generational Trends NATIONAL ASSOCIATION OF REALTORS Research Division March 2015 2015 National Association of Realtors Home Buyer and Seller
More informationHomeownership. b y B R A D S H U ST E R
INDUSTRY TRENDS Millennials AND Homeownership b y B R A D S H U ST E R Homeownership is not as out of reach as millennials may think. Many misperceptions abound that the industry could help dispel. In
More informationThe Digital House Hunt:
The Digital House Hunt: Consumer and Market Trends in Real Estate A Joint Study from The National Association of Realtors and Google Study Objective: To better understand the evolving role of digital media
More informationBarriers to Homeownership.
Who Could Afford to Buy a House in 995? 995 Issued August 999 Highlights In 995, about 56 (+/- 0.8) percent of American families (current owners as well as renters) could afford to purchase a modestly
More informationREAL ESTATE TECH TRENDS
By Properties Online, Inc. 2014 Real Estate Tech Trends Properties Online, Inc. has compiled important statistical information for the real estate community. Statistical sources include the 2013 National
More informationC.A.R. 2014 HOME BUYER SURVEY EXECUTIVE SUMMARY
C.A.R. 2014 HOME BUYER SURVEY EXECUTIVE SUMMARY Contents Survey Methodology... 2 Who is the 2014 Home Buyer?... 2 The Home Buying Experience... 4 Technology in the Buying Process... 8 Financing... 9 Buyer
More information2014 Profile of Home Buyers and Sellers Boston, MA Report
Boston, MA Report Prepared for: Boston Association of REALTORS Prepared by: Research Division December 2014 Boston Report Table of Contents Introduction... 2 Highlights... 3 Methodology..6 Report Prepared
More informationShould You Rent or Buy a Single Family Home?
Should You Rent or Buy a Single Family Home? By Fletcher Wilcox Real Estate Analyst V.P. Grand Canyon Title Agency, Inc. Is it cheaper to pay rent on a single family home or pay a mortgage on a single
More information2014 Profile of Home Buyers and Sellers Massachusetts Report
Prepared for: Massachusetts Association of REALTORS Prepared by: Research Division December 2014 Table of Contents Introduction... 2 Highlights... 3 Methodology..6 Report Prepared by: Jessica Lautz Nadia
More informationFannie Mae National Housing Survey. What Younger Renters Want and the Financial Constraints They See
Fannie Mae National Housing Survey What Younger Renters Want and the Financial Constraints They See Copyright 2014 by Fannie Mae May 2014 Table of Contents Research Methodology... 4 Executive Summary.....
More information2013 Profile of Home Buyers and Sellers Massachusetts Report
Prepared for: Massachusetts Association of REALTORS Prepared by: Research Division December 2013 Table of Contents Introduction... 2 Highlights... 3 Conclusion... 6 Methodology..7 Report Prepared by: Jessica
More information2014 Profile of Home Buyers and Sellers Cincinnati, OH Report
Cincinnati, OH Report Prepared for: Ohio Division of Real Estate Prepared by: Research Division December 2014 Cincinnati Report Table of Contents Introduction... 2 Highlights... 3 Methodology..6 Report
More informationLHFS Wholesale. HECM for Purchase Training Home Equity Conversion Mortgage. Great Rates. Great Programs. Great Service.
LHFS Wholesale HECM for Purchase Training Home Equity Conversion Mortgage Great Rates. Great Programs. Great Service. Discover the HECM for Purchase Loan The HECM for Purchase Program is a Federal Housing
More informationMMI Omnibus Survey. Homeownership. Top-Line Results and Suggested Story Lines
MMI Omnibus Survey Homeownership Top-Line Results and Suggested Story Lines Methodology: Cynapsus and Money Management International (MMI) developed a series of questions on the topic of homeownership,
More informationREAL ESTATE MARKETING UPDATE
From the Desk of Renee Carnes-Rook Vice President, Real Estate Services In the midst of unprecedented economic and market pressures, tight credit markets, difficult-to-obtain loans, and a cloudy employment
More informationHomebuyer s Guide. Brought to you by:
Homebuyer s Guide Brought to you by: AmeriSouth Mortgage Company NMLS ID: 67050 Phone: (704) 845-9400 info@amerisouth.com www.amerisouth.com The basics What is a mortgage? A mortgage is a loan secured
More informationUNDERSTANDING CALIFORNIA S HOUSING MARKET: AN ANALYSIS OF HOMEBUYING AND SELLING TRENDS
UNDERSTANDING CALIFORNIA S HOUSING MARKET: AN ANALYSIS OF HOMEBUYING AND SELLING TRENDS TABLE OF CONTENTS INTRODUCTION... 3 2014 HOME BUYERS SURVEY... 4 2013 RENTERS SURVEY... 9 HOUSING AFFORDABILITY:
More information2015 CALIFORNIA HOME BUYERS SURVEY
1 2015 CALIFORNIA HOME BUYERS SURVEY 2 Survey Methodology 700 telephone interviews and 567 online surveys conducted in February April 2015 Respondents are home buyers who purchased a home Feb. 2014 Feb.
More informationTHE IMPACT OF THE FIRST-TIME BUYER ON THE ILLINOIS ECONOMY WHY IT MATTERS AND HOW TO BRING THEM BACK INTO THE MARKETPLACE
THE IMPACT OF THE FIRST-TIME BUYER ON THE ILLINOIS ECONOMY $ WHY IT MATTERS AND HOW TO BRING THEM BACK INTO THE MARKETPLACE A As the U.S. housing market continues its rebound, many buyers and lenders are
More informationFIRST-TIME HOMEBUYERS: UPDATE FROM THE 2005 AMERICAN HOUSING SURVEY
FIRST-TIME HOMEBUYERS: UPDATE FROM THE 2005 AMERICAN HOUSING SURVEY In 2005, there were nearly 75 million homeowning households in the United States, representing nearly 69 percent of all households. During
More informationMATURE BUYERS SENIOR RESIDENTIAL PROPERTY BUYERS A SPECIAL REPORT. Answering Eight Most Frequently Asked Questions $19.95
A SPECIAL REPORT MATURE BUYERS SENIOR RESIDENTIAL PROPERTY BUYERS Answering Eight Most Frequently Asked Questions Copyright 2003 SAREC. All rights reserved, including the right to reproduce this report
More information2012 Annual Housing Market Survey
2012 Annual Housing Market Survey California Association of REALTORS 2012 Annual Housing Market Survey 2 Table of Contents Introduction... 3 Key Findings... 3 Survey Methodology... 4 Housing Market Outlook...
More informationLOOK WHO ELSE IS BUYING THEIR FIRST HOME FIRST-TIME HOMEBUYER SURVEY
LOOK WHO ELSE IS BUYING THEIR FIRST HOME FIRST-TIME HOMEBUYER SURVEY OVERVIEW This survey was administered to agents who have worked with first-time buyers in 2009. 2,453 Keller Williams agents responded
More informationPresented by: Randy Roach of North American Realty of Nevada. A Guide To Understanding The Process
Presented by: Randy Roach of North American Realty of Nevada A Guide To Understanding The Process What Is A Short Sale? It s a Real Estate transaction where two unique events must occur together. (1) Net
More informationINSIGHT on the Issues
INSIGHT on the Issues Housing for Older Adults: The Impacts of the Recession Rodney Harrell, PhD AARP Public Policy Institute This paper summarizes findings from State Housing Profiles 2011 (www.aarp.org/statehousingprofiles),
More informationWho Could Afford to Buy a Home in 2009? Affordability of Buying a Home in the United States
Who Could Afford to Buy a Home in 200? Affordability of Buying a Home in the United States Current Housing Reports Ellen Wilson and Robert R. Callis Issued May 203 H2/3-02 IntroductIon This is the seventh
More information50 Killer Ways to Generate Leads and Grow Your Business Today
50 Killer Ways to Generate Leads and Grow Your Business Today 1. Post an in search of request. Take a buyer you are working with, or ask another agent in your office if they have a buyer that wants a particular
More information2013 HOME BUYER SURVEY
2013 HOME BUYER SURVEY 2 Table of Contents Survey Methodology... 3 Introduction... 4 Executive Summary... 5 Additional Findings... 5 Who is the 2012 Home Buyer?... 6 Buying Experience... 10 Internet Use...
More informationREVERSE MORTGAGE FOR HOME PURCHASE
Great Florida Lending Jose F. Lopez Lic. Loan Originator T. 305-310-7804 jlopez@greatfloridalending.com www.greatfloridalending.com REVERSE MORTGAGE FOR HOME PURCHASE New Business Building Opportunities
More informationFaculty and Staff Home Buyer s Guide
Faculty and Staff Home Buyer s Guide Table of contents Welcome Welcome Should I buy or rent? Renting vs. Buying Comparison Pre-approval Process Mortgage Programs 3 4 5 6 7 The University Housing & Relocation
More informationINTRODUCTION. A guide for homebuyers
FINANCE GUIDE INTRODUCTION A guide for homebuyers The prospect of buying a home can be intimidating, particularly given the many changes to mortgage rules and requirements over the past several years.
More informationTexas Homebuyers and Sellers Report 2015 Edition Release date: March 2, 2015
Texas Homebuyers and Sellers Report 2015 Edition Release date: March 2, 2015 Contact: Stacy Armijo Pierpont Communications 512-448-4950 sarmijo@piercom.com About the Texas Homebuyers and Sellers Report
More information2 First-time buyers want to skip the starter home. 4 Nearly all homebuyers are willing to make sacrifices
1 Letter from D. Steve Boland, Consumer Lending Executive We are pleased to share the inaugural Bank of America, which explores the attitudes, behaviors and preferences of the modern homebuyer. One thing
More informationApartment Tool Kit How to Get People to Your Seminars. Copyright 2007-Karen Deis
Apartment Tool Kit How to Get People to Your Seminars. Copyright 2007-Karen Deis Welcome to the apartment tool kit website and an interview on how to give an awesome 1 st time home buyer seminar and get
More informationNMLS# 128231 ImpacMortgage.com 888-780-4210 Info@ImpacMortgage.com
NMLS# 128231 ImpacMortgage.com 888-780-4210 Info@ImpacMortgage.com yourpartner.yourfuture.yourhome. Letthisguidebearoadmapforyoutouse onyourjourneyintohomeownership.weat ImpacMortgageCorp.knowthatthebuying
More informationVHDA. Homeownership Program Guidelines for Realtors & Lenders. Updated 04/04
VHDA Homeownership Program Guidelines for Realtors & Lenders Updated 04/04 2 Benefits of a VHDA Loan: Creative financing programs Reduced interest rates Lower monthly payments More house for less money
More informationWhat Will Keep Me From Getting A Mortgage Right Now?
What Will Keep Me From Getting A Mortgage Right Now? Why can t I get a mortgage? Why was my mortgage application denied? What s keeping me from getting a mortgage right now? Page 2 of 11 What Will Keep
More informationSingle Family Bond Program Lender Training PROGRAM OVERVIEW
Single Family Bond Program Lender Training PROGRAM OVERVIEW What this program ISN T NOT A DOWN PAYMENT ASSISTANCE PROGRAM NOT FOR BUYERS WITH POOR CREDIT DOES NOT PROVIDE A SUBPRIME PRODUCT NOT FOR LOW
More informationActions to Take Before Buying a Home Today
Actions to Take Before Buying a Home Today As the housing downturn has shown, homeownership is about more than buying a home you have to make sure you can keep the home over the long term. If you re thinking
More informationHouse Republican Housing Plan The Responsible Homeowners Act
House Republican Housing Plan The Responsible Homeowners Act Keeping Families in Their Home, Lowering Costs for All Homeowners: $5,000 Refinancing Credit: House Republicans propose to provide a $5,000
More information2013 LUXURY REAL ESTATE CONSUMER SURVEY EXECUTIVE SUMMARY
3/1/2014 C.A.R. 2013 LUXURY REAL ESTATE CONSUMER SURVEY EXECUTIVE SUMMARY Contents Survey Methodology... 2 Who Are Luxury Clients?... 2 Location, Location, Location!... 2 Luxury Home Buyers... 3 Luxury
More informationThe First Time Buyer 2008 A Loan Officer s Guide to Succeed in Today s Market
The First Time Buyer 2008 A Loan Officer s Guide to Succeed in Today s Market Current Situation and Opportunity: Despite tightening credit and elimination of many low/no down payment programs, the current
More informationYour home financing process checklist
Your home financing process checklist As you prepare to purchase a home or refinance your loan, it s important to know what to expect along the way. Here, we ve outlined some of the general steps in the
More informationHECM for Purchase Third Party Origination
HECM for Purchase Third Party Origination September 2012 This information is only intended for mortgage professionals AGENDA Review HECM for Purchase (H4P) Basics Identify the H4P Market Discuss H4P Logistics
More informationHOMEOWNERSHIP HOMEOWNERSHIP TRENDS NEIGHBORHOOD LOSSES JOINT CENTER FOR HOUSING STUDIES OF HARVARD UNIVERSITY
4 HOMEOWNERSHIP The downtrend in homeownership stretched to a decade in 214. Rates fell across nearly all age groups, incomes, household types, and markets despite the affordability of first-time homebuying.
More informationQ1 2009 Homeowner Confidence Survey. May 14, 2009
Q1 2009 Homeowner Confidence Survey Results May 14, 2009 The Zillow Homeowner Confidence Survey is fielded quarterly to determine the confidence level of American homeowners when it comes to the value
More informationTHINGS TO CONSIDER WHEN SELLING YOUR HOUSE SUMMER 2014 EDITION
THINGS TO CONSIDER WHEN SELLING YOUR HOUSE SUMMER 2014 EDITION TABLE OF CONTENTS 1 3 4 5 6 7 9 5 REASONS TO SELL NOW EVERYONE AGREES: YOU SHOULD USE AN AGENT FUTURE HOUSE PRICES: A LOOK INTO THE CRYSTAL
More informationUMB Mortgage Solutions. Home Buying 101
UMB Mortgage Solutions Home Buying 101 1 Agenda Are You Ready to Buy a Home? Selecting a Lender Mortgage Loans Getting Started Home Checklist Purchase Contract Questions 2 Home buying Terms Mortgage Lender
More informationBUYER Guide. Toledo Area Real Estate. A Tradition of Trust in Ohio Real Estate. (419) 874-1188 Jon@Modene.com www.modene.com
BUYER Guide (419) 874-1188 Jon@Modene.com www.modene.com Toledo Area Real Estate A Tradition of Trust in Ohio Real Estate Sell Your Home From childhood to parenthood to retirement, your home is a statement
More informationHomebuyer Education: What You Need to Know
Homebuyer Education: What You Need to Know Today s Objectives Prepare your finances for home ownership Steps to mortgage prequalification Shopping for a home- who are the major players? Choosing the correct
More informationReverse Mortgages. Presented by George Cooke, Realtor Coldwell Banker Seniors Real Estate Specialist (SRES) November 12, 2009
Reverse Mortgages Presented by George Cooke, Realtor Coldwell Banker Seniors Real Estate Specialist (SRES) November 12, 2009 Learn the ins and outs of Reverse Mortgages What to look for and what to avoid
More informationThe Effective Use of Reverse Mortgages in Retirement
Page 1 of 8 Copyright 2009, Society of Financial Service Professionals All rights reserved. Journal of Financial Service Professionals July 2009 The Effective Use of Reverse Mortgages in Retirement by
More informationFirst Timer s Guide PREParing First Time Homebuyers
First Timer s Guide PREParing First Time Homebuyers SO MANY QUESTIONS Maybe you live in the best apartment with a great landlord and don t want to change a thing. Or maybe you ve looked at the rent going
More informationU.S. and Regional Housing Markets
U.S. and Regional Housing Markets House Prices Boom, Bust and Rebound Index, 1991: Q1=1* 3 CoreLogic house price index Real FHFA house price index 25 2 15 1 5 1991 199 1997 2 23 26 29 212 215 *Seasonally
More informationStep 1: Decide to Buy
Step 1: Decide to Buy Do you really want to pay someone else's mortgage? If you re renting and have a stable job with some savings, and a credit score in the high 600 range, you can likely qualify for
More informationTexas Homebuyers and Sellers Report Release date: March 1, 2016
Texas Homebuyers and Sellers Report Release date: March 1, 2016 Contact: Danielle Urban Pierpont Communications 512-448-4950 durban@piercom.com About the Texas Homebuyers and Sellers Report The Texas Homebuyers
More informationTexas Homebuyers and Sellers Report 2014 Edition Release date: March 3, 2014
Texas Homebuyers and Sellers Report 2014 Edition Release date: March 3, 2014 Contact: Stacy Armijo Pierpont Communications 512-448-4950 sarmijo@piercom.com About the Texas Homebuyers and Sellers Report
More informationTrends in Homeownership and Mortgage Debt among Older Americans Office for Older Americans
June 24, 2015 Trends in Homeownership and Mortgage Debt among Older Americans Office for Older Americans Presentation for MHA Trusted Advisors Note: This document was used in support of a live discussion.
More informationreached five-year lows, welcome news to home buyers and sellers.
SAN DIEGO COUNTY Market Overview a monthly real estate report September 21 As the California housing market grows more attractive, home buyers are more optimistic than they were a year ago, according to
More informationBudgeting for Home Ownership
A HOME FOR YOUR FAMILY 7 Budgeting for Home Ownership Perhaps you are just beginning to think about buying a home sometime in the future. Or maybe you have already found a home you would like to buy. Whether
More informationPre-Purchase Counseling Application
Pre-Purchase Counseling Application Guidance on purchasing a home and qualifying for downpayment assistance Pre-purchase counseling helps prepare the first-time homebuyer for the home purchase process
More informationWhy rent when you can buy?
Why rent when you can buy? Are you unsure about becoming a HOMEOWNER? Thinking that you can t afford to BUY a home? Are you worried about whether homebuying is a good INVESTMENT? Buying a first home can
More information8 Ways to Avoid or Stop Foreclosure...
Free Special Report 8 Ways to Avoid or Stop Foreclosure... Dear Homeowner, If you are headed toward foreclosure, or are already in foreclosure, you need to know the rights and options available to you
More informationSalt Lake Housing Forecast
2015 Salt Lake Housing Forecast A Sustainable Housing Market By James Wood Director of the Bureau of Economic and Business Research Commissioned by the Salt Lake Board of REALTORS By year-end 2013 home
More informationWe can now say that our loan products can meet the full spectrum of homebuyers to those who meet the qualifications.
Rhode Island Housing Rhode Island Housing mortgages: More than just for first-time homebuyers Homeownership: Empowering New Buyers Page 1 of 3 Rhode Island Housing Mortgages: More than just for first-time
More information-17.7%, year-over-year +22.6%, month-over-month. ARMLS STAT - April 9, 2014 MONTHLY SALES ARMLS STAT APRIL 2014
ARMLS STAT - April 9, 2014 MONTHLY SALES -17.7%, year-over-year +22.6%, month-over-month 1 Permission is granted to reprint with a ribu on to ARMLS COPYRIGHT 2014. NEW INVENTORY +8.8%, year-over-year +8.8%,
More informationThe Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners
The Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners March 2015 U.S. Department of Housing and Urban Development Office of Policy Development and Research U.S
More information2013 BUYERS GUIDE. KW Market Navigator
KW Market Navigator 2013 BUYERS GUIDE Am I ready to buy? How much can I afford? Where do I find homes? Why buy now? How s the market? Is there a right time to buy? What is this home worth in today s market?
More informationNew loan helps seniors buy homes
New loan helps seniors buy homes June 7, 2009 By LESLIE BERKMAN The Press-Enterprise Shrinking nest eggs have retirees searching for ways to stretch their money. Some are discovering a new mortgage tool
More informationRenting vs. Owning a Home
1.9.3.L1 Note taking guide Renting vs. Owning a Home Total Points Earned 30 Total Points Possible Percentage Name Date Class Housing is the largest personal expenditure Approximately of a person s income
More information2015 NAR Investment And Vacation Home Buyers Survey
2015 NAR Investment And Vacation Home Buyers Survey NATIONAL ASSOCIATION OF REALTORS Research Division April 2015 2015 NAR Investment and Vacation Home Buyers Survey Contents Introduction... 3 Market Environment...
More informationSell Your House in DAYS Instead of Months
Sell Your House in DAYS Instead of Months No Agents No Fees No Commissions No Hassle Learn the secret of selling your house in days instead of months If you re trying to sell your house, you may not have
More informationBokern Realty serving St. Louis since 1901. Home Buying Educational Seminar The WU Employer Assisted Housing Program
Home Buying Educational Seminar The WU Employer Assisted Housing Program Agenda WU Employer Assisted Housing Program Program highlights Neighborhoods Home Financing Benefits of homeownership Preparation
More informationBankFirst Mortgage Services
BankFirst Mortgage Services Thank you for taking the time to educate yourself on your new mortgage loan. We understand that it is a difficult process for new home buyers. We ll be happy to answer any question
More informationEASY KEYS FOR GUIDING THE FIRST-TIME HOME BUYER
EASY KEYS FOR GUIDING THE FIRST-TIME HOME BUYER EASY KEYS FOR GUIDING THE FIRST-TIME HOME BUYER Purchasing your first home can be an exciting process but it can also be scary and a bit overwhelming. Buying
More informationTHINGS TO CONSIDER WHEN BUYING A HOME. For more Information: 303-847-1868 WINTER 2015 EDITION
THINGS TO CONSIDER WHEN BUYING A HOME For more Information: 303-847-1868 WINTER 2015 EDITION 1 3 4 5 6 7 8 9 10 11 12 13 14 15 16 18 19 20 TABLE OF CONTENTS 4 REASONS TO BUY A HOME NOW! YOU NEED A PROFESSIONAL
More informationThe Distressed Property Market and Shadow Inventory in Florida: Estimates and Analysis
The Distressed Property Market and Shadow Inventory in Florida: Estimates and Analysis Introduction Florida was one of the states hardest hit by the real estate downturn. Delinquencies, foreclosures and
More informationHome Equity Conversion Mortgage (HECM) for Home Purchase
Home Equity Conversion Mortgage (HECM) for Home Purchase A Guide to HECM s Home Equity Conversion Mortgage (HECM) for Home Purchase A Home Equity Conversion Mortgage for Purchase can be life-changing for
More informationSOA 2010 Annual Meeting & Exhibit Oct. 17-20, 2010. Session 119 PD, Impact of Housing on Economic Security in Retirement
SOA 2010 Annual Meeting & Exhibit Oct. 17-20, 2010 Session 119 PD, Impact of Housing on Economic Security in Retirement Moderator: Anna M. Rappaport, FSA, EA, MAAA Presenters: Thomas N. Herzog, ASA Anna
More informationFIRST TIME HOME BUYING
We re here to help first time homebuyers sift through the myths and the truths about buying your first home. Realtor.com wants you to be a smart homebuyer and will inform you about the whole process at
More informationCENTRAL CREDIT UNION FINANCIAL PLANNING INSTITUTE. Guide To. Buying A Home
CENTRAL CREDIT UNION FINANCIAL PLANNING INSTITUTE Guide To Buying A Home CENTRAL CREDIT UNION FINANCIAL PLANNING INSTITUTE Guide To Buying A Home As an attorney who practices real estate law, I have worked
More informationTHINGS TO CONSIDER WHEN SELLING YOUR HOUSE. Spring 2016 EDITION
Spring 2016 EDITION THINGS TO CONSIDER WHEN SELLING YOUR HOUSE TABLE OF CONTENTS 1 3 4 5 REASONS TO SELL NOW LACK OF LISTINGS SLOWING DOWN THE HOUSING MARKET HOME EQUITY: YOU MAY HAVE MORE THAN YOU THINK
More informationHOME LOAN? YOU CAN. by John Adams, for Fox5 GOOD DAY ATLANTA
SPECIAL REPORT: TURNED DOWN FOR HOME LOAN? YOU CAN STILL BUY A HOUSE! by John Adams, for Fox5 GOOD DAY ATLANTA If you are renting and happy, then this column is not for you. But if you ve tried to buy
More informationHome Buyer s. Helpful Information to Find and Finance Your Next Home. www.colonialnationalmortgage.com 1-800-937-6001
Home Buyer s H A N D B O O K Helpful Information to Find and Finance Your Next Home www.colonialnationalmortgage.com 1-800-937-6001 The information herein is subject to change and is not an offer to extend
More informationHART RESEARCH ASSOCIATES Study #11127--page 1
HART RESEARCH ASSOCIATES Study #11127--page 1 1724 Connecticut Avenue, NW Interviews: 1,355 adults Washington, DC 20009 Dates: April 8-14, 2014 (202) 234-5570 FINAL Study #11127 48 Male 52 Female [109]
More informationChoosing the Best Mortgage
A HOME FOR YOUR FAMILY 12 Choosing the Best Mortgage Distributed in furtherance of the Acts of Congress of May 8 and June 30, 1914. Employment and program opportunities are offered to all people regardless
More informationThe Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners
The Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners February 2015 U.S. Department of Housing and Urban Development Office of Policy Development and Research
More informationDurango Real Estate: Revisiting California and Price-to-Rent by Luke T Miller, PhD
Durango Real Estate: Revisiting California and Price-to-Rent by Luke T Miller, PhD About one year ago, I compared Durango real estate to southern California and also conducted a price-to-rent ratio analysis
More informationSTATE-OF-THE-ART INTERNET MARKETING TOOLS
STATE-OF-THE-ART INTERNET MARKETING TOOLS PRIMA is an acronym for Prudential Real estate Internet Marketing Advantage, our state-of-the-art home marketing tool. WHAT THIS MEANS FOR YOU: A personal individual
More informationTexas Report. Prepared for: Texas Association of REALTORS. Prepared by: NATIONAL ASSOCIATION OF REALTORS. Research Division.
2015 Profile of Home and Sellers Report Prepared for: Association of REALTORS Prepared by: NATIONAL ASSOCIATION OF REALTORS Research Division January 2016 2015 Profile of Home and Sellers NATIONAL ASSOCIATION
More informationHOUSING MARKETS HOUSING CONSTRUCTION TRENDS JOINT CENTER FOR HOUSING STUDIES OF HARVARD UNIVERSITY
2 HOUSING MARKETS Although the news was mixed in 214, housing markets made some advances that set the stage for moderate growth. Singlefamily construction continued to languish, but multifamily construction
More informationHOMEOWNERSHIP TIPS. In honor of June Homeownership month in Illinois, we posted daily tips. For your benefit, we have consolidated the list here.
HOMEOWNERSHIP TIPS In honor of June Homeownership month in Illinois, we posted daily tips. For your benefit, we have consolidated the list here. The home buying process might seem complicated or unmanageable.
More informationSecond VA Loans with Tony Alder http://www.youtube.com/watch?v=jv_splyuqge
Second VA Loans with Tony Alder http://www.youtube.com/watch?v=jv_splyuqge DALE: Good afternoon. This is Dale Snyder with The Snyder Group, team focus real estate Keller Williams Realty. Thank you for
More informationHome Buying Dos and Don ts
Compliments of Records Results Real Estate Fulfilling Dreams in Paradise! 239-205-8966 Home Buying Dos and Don ts Home Buying Dos and Don ts 2 Table of Contents Introduction...4 Home Buying Dos and Don
More informationThe following questions pertain to consumer views about money and investing.
Millennial and Baby Boomer Investors Survey: Data Report Securian Financial Group June 2016 The following questions pertain to consumer views about money and investing. 1. Do you have investments outside
More informationRealty Associates 1223 Antoine Houston, TX 77055 Phone 713-530-2455 Fax 281-901-9662
Thank you for the opportunity to represent you in the purchase of your new home. I think of my clients as individuals with specific needs. With this in mind, my team and I strive to give you exceptional
More information