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Housing Affordability Index

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Presentation on theme: "Housing Affordability Index"— Presentation transcript:

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

2 Historic Data for the MORTGAGE CREDIT AVAILABILITY INDEX
(a report from the Mortgage Bankers Association) Lending Standards Too Lenient MBA

3 PROJECTED Mean Percentage Appreciation
Home Price Expectation Survey Q

4 $42,898 potential growth in family wealth over the next five years based solely on increased home equity Increased home equity based on price appreciation projected by the Home Price Expectation Survey Home Price Expectation Survey Q

5 RENT Median Asking since 1988
Census

6 30 Year Fixed Rate Mortgage Rates
FreddieMac

7 Historic Mortgage Rates by Decade
Average Rate 1970s 8.86% 1980s 12.7% 1990s 8.12% 2000s 6.29% Freddie Mac

8 Months Inventory of HOMES FOR SALE
Last 12 Months nar.realtor NAR 4/2017

9 Percentage of Home Buyers Who Used an Agent or Broker by age group
Source Slide: December 2016 Monthly Market Report Slide #30 NAR

10 Net Worth An American Family’s $225,000
Source Slide: November 2015 Monthly Market Report Slide #7 NAR

11 OVER 45X A Homeowner’s Net Worth… greater than a renter’s
Source Slide: November 2015 Monthly Market Report Slide #8 NAR

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


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