Wireless Access SSID: cwag2017

Slides:

Advertisements

Similar presentations

Chapter 8 Federal Housing Policies: Part One. Chapter 8 Learning Objectives Understand how federal legislation has affected the mortgage and housing markets.

Advertisements

1 The Real Estate Market Chapter 19 Florida Real Estate Principles, Practices & Law Copyright 2013 Kaplan, Inc.

A Brief Description of the Low Income Housing Tax Credit.

SINGLE FAMILY HOUSING: PRICING, INVESTMENTS, AND TAX INVESTMENTS OBJECTIVES Analysis of Investment Property Tax and Depreciation Effects Appraisals Income.

Generations apart: structural changes affecting access to home ownership Australasian Housing Researchers’ Conference Brisbane June,2007.

CHAPTER SEVEN SINGLE FAMILY HOUSING: PRICING, INVESTMENTS, AND TAX INVESTMENTS.

FRESNO COUNTY Housing Affordability. MEDIAN PRICE OF EXISTING DETACHED HOMES Fresno County, January 2015: $211,470, Up 14.9% YTY SERIES: Median Price.

Welcome to... Companion PowerPoint Presentation for the Introduction to Housing textbook.

Dr. James P. Gaines Research Economist recenter.tamu.edu.

New Hampshire Population Growth Has Slowed Dramatically The past 6 years has been the period with the slowest population growth in New Hampshire in.

Buying a Home. Renting a House AdvantagesDisadvantages.

Understanding Real Estate Markets Chapter 8. Market The mechanism through which goods and services are traded between market participants.

The Basics of Buying a House By Mr. T. Should I buy or Rent? Most cases – better to buy than rent ASAP Exception: – Very low rent – Plan to move in a.

| 0 /zillow Millennials, Rents, and Mortgages: Challenges for the future Dr. Skylar Olsen, Senior Economist.

Real Estate Reality Check By David Wluka 2006 MAR President.

SAN DIEGO COUNTY Housing Affordability. MEDIAN PRICE OF EXISTING DETACHED HOMES San Diego County, Jan. 2015: $496,380, Up 3.6% YTY SERIES: Median Price.

Housing and Economic Outlook David F. Seiders Chief Economist October 25, 2006.

BUYING A HOUSE. Vocabulary  Market value: the highest price that the property will bring on the market  Equity: difference between the market value.

One Step Further Practical Implementation of Guide Note 12.

Teens lesson five buying a home presentation slides 04/09.

The Student Handbook to T HE A PPRAISAL OF R EAL E STATE 1 The Money and Capital Markets Chapter 5.

Real Estate Market Overview Stan Humphries, Chief Economist.

Economic Indicators Lauren Rudd January 9, Same store sales 01/9/20142.

Salt Lake Real Estate Market Performance in 2014 Total Sales: 1.Single family down 1.7% to 11,500 homes. 2.Condos unchanged at 3,000 units. Value of Sales:

UTAH HOUSING CORPORATION 2006 HOUSING CREDIT CONFERENCE JAMES WOOD BUREAU OF ECONOMIC AND BUSINESS RESEARCH DAVID ECCLES SCHOOL OF BUSINESS UNIVERSITY.

What of the future? Gabriel Martinez, Ph.D. Ave Maria University August , % 0.6%

Ratios and Accounting A 1 to 1 training course (get it!)

Thomson/South-Western©2008 Real Estate Appraisal _______________________________________.

Economic and Housing Market Lawrence Yun, Ph.D. Chief Economist NATIONAL ASSOCIATION OF REALTORS ® Presentation at 2012 Resort and Second-Home Symposium.

Understanding the circular flow of income. HOUSEHOLDS RESOURCE OWNERS Business firms Money payments Income payments Wages, Rent, Interest, Profits Consumer.

19-4. Selecting a house  Real estate- Land and anything attached to it.  Mobile home Cheaper than buying a house Usually in a park with other mobile.

The Student Handbook to T HE A PPRAISAL OF R EAL E STATE 1 Real Estate Markets, Money Markets, and Capital Markets Chapter 6.

Economic Outlook in Uncertain Times Lawrence Yun, Ph.D. Chief Economist NATIONAL ASSOCIATION OF REALTORS® Presentation to IREM Chapter 77 In Reston, VA.

Chapter 07: Single Family Housing: Pricing, Investment, and Tax Considerations McGraw-Hill/Irwin Copyright © 2011 by the McGraw-Hill Companies, Inc. All.

Monterey City home values far exceed U.S. and California

2016 Annual Housing Market Survey

College lesson three buying a home presentation slides 04/09.

Federal Housing Policies:

Economic and Real Estate Market Outlook

The Housing Market.

Consumer Federation of America Financial Services Conference

Is another HOUSING March 2016.

Vermont Shared Equity Program

Economic and Housing Market

Real Estate Appraisal _______________________________________.

Housing Affordability – Traditional Index

Housing Affordability Peaked at Q1 2012

Housing Affordability Peaked in Q1 2012

Housing Affordability – Traditional Index

Teens lesson five buying a home presentation slides 04/09.

Housing Affordability – Traditional Index

Housing Affordability – Traditional Index

Housing Affordability – Traditional Index

Florida Real Estate Principles, Practices & Law 38th Edition

California Housing Affordability Update

Santa Cruz home values exceed U.S. and California

California Housing Affordability Update

Monterey City home values far exceed U.S. and California

Housing Affordability Peaked at Q1 2012

Housing Land Advocates– November 4, 2016

Teens lesson five buying a home presentation slides 04/09.

California Housing Affordability Update

California Housing Affordability Update

Owner occupied housing in the Icelandic CPI, a survey of simple user cost for a quarter of a century. Rósmundur Guðnason, Statistics Iceland 16th meeting.

California Housing Affordability Update

California Housing Affordability Update

Gainesville’s Affordable Housing Needs

California Housing Affordability Update –

Chapter 32 Real Estate 10/21/2019.

Presentation transcript:

Wireless Access SSID: cwag2017 Password: cwag17

The State of Affordable Housing Dave T. Garland National Association of Realtors Second Century Ventures August 1, 2017

A Robust Real Estate Transaction Market (2016) Home Sales Median Home Price YoY Price Growth 6.0m $236,000 4.0% Owner Occupied Transactions Non-Owner Occupied Transactions 4.2m 1.8m Avg. 30yr Mortgage Rate Total Inventory 3.9% 1.7m

#1 Realtor® Challenge?

$13.4t 43.3m 136m 119m 75.7m $10.2t 17m Vacant (& 2nd homes) Equity Rented (36%) $13.4t 43.3m Housing Units 136m Households 119m Owned (64%) 75.7m Mortgage Debt Outstanding $10.2t

18% 5-yr Rent Growth 12% 5-yr Wage Growth V S

$535k 2012 Bay Area Median Home Price V S $1.07m 2017 Bay Area Median Home Price

$535k 2012 Bay Area Median Home Price V S $1.07m 2017 Bay Area Median Home Price

Financial Instruments Development Subsidies Tax Credits Zoning CURRENT SOLUTIONS: Inclusionary Housing Loan Subsidies Financial Instruments Development Subsidies Tax Credits Zoning Housing Trusts AFFORDABILITY ISSUES: Supply Constraints Low Inventory Rent Increases Down Payment Construction Costs Area Demand Local Requirements

NAR Housing Affordability Index (HAI) Measuring whether or not a typical family could qualify for a mortgage loan on a typical home

Realtors® Affordability Distribution Curve & Score The measure which is intended to represent affordability for all different income percentiles in a single measure https://www.nar.realtor/topics/realtors-affordability-distribution-curve-and-score

How can we better understand market inefficiencies?

Sources & Continued Research http://economistsoutlook.blogs.realtor.org/2017/04/26/vacation-and-investment-home-sales-a-breakdown-for-2017/ https://www.nar.realtor/infographics/june-2017-existing-home-sales https://www.nar.realtor/articles/vacant-land-or-affordable-housing http://economistsoutlook.blogs.realtor.org/2017/06/29/online-home-value-estimates-are-not-appraisals/ http://www.housingwire.com/articles/38852-zillow-total-value-of-us-housing-reaches-all-time-high https://www.statista.com/statistics/240267/number-of-housing-units-in-the-united-states/ https://www.federalreserve.gov/econresdata/releases/mortoutstand/current.htm https://fred.stlouisfed.org/ https://www.nar.realtor/topics/housing-affordability-index/methodology

Wireless Access SSID: cwag2017 Password: cwag17