Bryan A. Beckwith - Associate Broker Tel: (231) 631-2913 - Fax: (888) 275-4099 511 East Front St. Traverse City, MI 49686 From.

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Presentation transcript:

Bryan A. Beckwith - Associate Broker Tel: (231) Fax: (888) East Front St. Traverse City, MI From The Desk Of Your Real Estate Expert

Year-over-Year Price Change by Region FHFA Q

Year-over-Year Price Change by State FHFA Q

Largest Year-over-Year Price Appreciation Nevada22.2% California20.3% Oregon14.3% Michigan13.7% Georgia13.4%

The real estate market is IMPROVING!

CONFUSION

FEAR

Fear Leads to Indecision

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“To provide value, real estate agents must not only provide information but also insights into that information.” Guy Kawasaki Silicon Valley author, speaker, investor and business advisor

Be their ‘Expert’ The person to whom They turn for advice on difficult or complex real estate decisions.

“When getting help with money, whether it is insurance, real estate or investments you should always look for a person with the heart of a teacher, not the heart of a salesman.” Dave Ramsey

Home Prices

Home Price Expectation Survey A nationwide panel of over one hundred economists, real estate experts and investment & market strategists.

Home Price Expectation Survey Q PROJECTED Percentage Appreciation

Home Price Expectation Survey Q Cumulative House Appreciation by % 28.4% 19.7% 10.9% Pre-Bubble Trend Bulls All Projections Bears

Year Fixed Mortgage Rates Freddie Mac 2/2014

The Cost of Waiting

Date Average Price Interest Rate P&I December 2012 $230, $1, December 2013 $246, $1, $ Difference in Monthly Payment MonthlyAnnuallyOver 30 Years $228.35$2,740.20$82,206

Mortgage Rate Projections Analyst Projected Rate 1Q 2015 Fannie Mae 4.9% National Assoc of Realtors 5.5% Freddie Mac 5.1% Mortgage Bankers Assoc 5.1% 2/2014

Date Average Price Interest Rate P&I January 2014 $246, $1, January 2015 $256,6725.3$1, $ Difference in Monthly Payment MonthlyAnnuallyOver 30 Years $202.52$2,430.24$72,907.20

Federal Reserve OVER 30X greater than renters Homeowners Net Worth…

An American Family’s Net Worth Federal Reserve