Presentation on the Current State of The Real Estate Market 3 10-2011
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Phillip Auguste University Office Charlotte, NC “Committed To Your Goals!” Phillip Auguste Moblile: 704-426-7985 Office: 704-547-8900 eFax: 704-323-7399 E-mail: [email protected] m Member Of: n CharlotteRegional Association of Realtors ® n National Association of Realtors ® n North Carolina Association of Realtors ® Experience: n Over 7 years experience in customer service n Listing And Sales of new and existing homes n Investment Sales and Purchases Credentials: n Full-Time Realtor ® And Licensed Broker n Specializes in : Relocation, 1 st time buyer, Short Sales, REO (Foreclosure), Investment, New Construction, Luxury Homes, and Real Estate consultation.
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Presentation on the Current State of The Real Estate Market 3 10-2011
Transcript of Presentation on the Current State of The Real Estate Market 3 10-2011
Phillip Auguste University Office
Charlotte, NC
“Committed To Your Goals!”
Phillip Auguste
Moblile: 704-426-7985Office: 704-547-8900eFax: 704-323-7399E-mail: [email protected]
Member Of:n CharlotteRegional Association of Realtors®
n National Association of Realtors®
n North Carolina Association of Realtors®
Experience:n Over 7 years experience in customer servicen Listing And Sales of new and existing homesn Investment Sales and Purchases
Credentials:n Full-Time Realtor® And Licensed Brokern Specializes in : Relocation, 1st time buyer, Short Sales, REO (Foreclosure), Investment, New Construction, Luxury Homes, and Real Estate consultation.
Return on Investment(January 1, 2000 – March 1, 2011)
MSN Money.com, Case Shiller
Calculated Risk Blog 2/2011
Delinquencies and Foreclosures
Delinquency and Foreclosure Rates
LPS 2/2011
CNN Money 2/10/2011
Bank Repossessions
"Large supplies of foreclosed properties will continue to be the biggest downside risk for home prices and metro area housing markets. Foreclosure activity declined at the end of 2010, but sales activity of bank-owned homes increased.”
- David Stiff, chief economist of Fiserv.
Fiserv 2/2011
Prices
32%
65%
The broader security and lifestyle benefits of homeownership, such as providing a good and secure place for your family,
where you have the control to make renovations and updates
if you want, and in a place that’s in a community and location
that you prefer.
The financial benefits of homeownership, such as its value as an investment (especially compared to paying rent), its value as a way to build up wealth for retirement or to pass on to your family, and the tax benefit.
Fannie Mae 2/2011
National Housing Survey
Cost vs. Price
Mortgage Rates – 30 year fixed
Federal Reserve
4/01/2010 Today
Difference in monthly payments
Price is the Same, it Just Costs More
Date Loan Amount
Interest Rate
MonthlyPayment
(P&I)
Today $200,000 4.87 $1,057.81
Nov 2010 $200,000 4.17 $974.54
$83.27Difference in Mortgage Payments
Difference in monthly payments
Additional Cost Over 30 Years
Monthly $83.27
Yearly $999.24
Over 30 Years $29,977.20
I’m pretty sure this is a great time to go out and buy a
house. And if you do, in 10 years you’re going to look
back and say, ‘You know, I‘m glad I listened to Donald
Trump.’- January 2011
Donald Trump
“If you don’t own a home, buy one.
If you own one home, buy another one.
If you own two homes, buy a third.
And, lend your relatives the money to buy a
home.”
John Paulson
Prices
Reuters 2/2011
A pick-up in home sales in the past six months will soon hit a wall as foreclosures are dragged out, creating a supply overhang that will push prices down 2.3 percent this year, a Reuters poll predicts.
…economists now expect home prices will fall 2.3 percent in 2011, and then begin a slight recovery in 2012, according to the median forecast of the 26 economists who gave a price outlook in the Reuters poll.
National home prices fell 4.1% during the last three months of 2010, compared with 12 months earlier, according to the latest report from the S&P/Case-Shiller home price index, a closely watched indicator of market trends. They were down 1.9% compared with three months earlier.
Prices
“There's a substantial risk of home prices falling
another 15%, 20% or 25% more.”
- Robert Shiller, Case-Shiller Index co-founder
CNN Money 2/2011
On a $200,000 house, a family could lose $384.62 /weekover the next 6 months.
Assuming a 5% fall in prices…
Foreclosures: The Eye of the Storm
- Simon Wiesenthal
abyss
Between knowledge and action, there is an…
Phillip Auguste University Office
Charlotte, NC
“Committed To Your Goals!”
Phillip Auguste
Moblile: 704-426-7985Office: 704-547-8900eFax: 704-323-7399E-mail: [email protected]
Member Of:n CharlotteRegional Association of Realtors®
n National Association of Realtors®
n North Carolina Association of Realtors®
Experience:n Over 7 years experience in customer servicen Listing And Sales of new and existing homesn Investment Sales and Purchases
Credentials:n Full-Time Realtor® And Licensed Brokern Specializes in : Relocation, 1st time buyer, Short Sales, REO (Foreclosure), Investment, New Construction, Luxury Homes, and Real Estate consultation.
