Housing Affordability Index

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Presentation transcript:

Housing Affordability Index 1990 to Today Years when distressed properties dominated the market realor.org NAR

Historic Data for the MORTGAGE CREDIT AVAILABILITY INDEX (a report from the Mortgage Bankers Association) Lending Standards Too Lenient https://www.mba.org/news-research-and-resources/newsroom https://www.mba.org/2017-press-releases/march/mortgage-credit-availability-increases-in-february MBA

PROJECTED Mean Percentage Appreciation https://www.pulsenomics.com/Q1_2017_HPE_Survey.php Home Price Expectation Survey 2017 1Q

$42,898 potential growth in family wealth over the next five years based solely on increased home equity https://www.pulsenomics.com/Q1_2017_HPE_Survey.php Increased home equity based on price appreciation projected by the Home Price Expectation Survey Home Price Expectation Survey 2017 1Q

RENT Median Asking since 1988 http://www.census.gov/housing/hvs/files/currenthvspress.pdf Census

30 Year Fixed Rate Mortgage Rates FreddieMac http://www.freddiemac.com/finance/pdf/march_2015_public_outlook.pdf

Historic Mortgage Rates by Decade Average Rate 1970s 8.86% 1980s 12.7% 1990s 8.12% 2000s 6.29% http://www.freddiemac.com/blog/research_and_analysis/20140324_dirt_cheap_to_cheap.html Freddie Mac

Months Inventory of HOMES FOR SALE Last 12 Months nar.realtor https://www.nar.realtor/news-releases/2017/03/existing-home-sales-stumble-in-february NAR 4/2017

Percentage of Home Buyers Who Used an Agent or Broker by age group http://nar.realtor/reports/home-buyer-and-seller-generational-trends Source Slide: December 2016 Monthly Market Report Slide #30 NAR

Net Worth An American Family’s $225,000 http://www.forbes.com/sites/lawrenceyun/2015/10/14/how-do-homeowners-accumulate-wealth/ Source Slide: November 2015 Monthly Market Report Slide #7 NAR

OVER 45X A Homeowner’s Net Worth… greater than a renter’s http://www.forbes.com/sites/lawrenceyun/2015/10/14/how-do-homeowners-accumulate-wealth/ Source Slide: November 2015 Monthly Market Report Slide #8 NAR

Q: When do most listings come on the market? A: The 2nd Quarter of each Year

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