1. Is another
HOUSING
March
2016

2. Foot Traffic indicator of future sales www.realtor.org
"Every month SentriLock, LLC. provides NAR Research with data on the number of properties shown by a REALTOR®. Lockboxes made by SentriLock, LLC. are used in roughly a third of home showings across the nation. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three months into the future."
NAR 3/2016

3. Months Inventory of HOMES FOR SALE
NAR 3/2016

4. "Even though the credit conditions
appear to be easing somewhat,
the move is from overly stringent
conditions to not-so-overly-stringent conditions. It is a far-fetched view to
imply the current mortgage approval process
in any way resembles the loosey-goosey, easy subprime mortgage access conditions of a decade ago."
- Lawrence Yun
Chief Economist at NAR

5. Historic Data for the MORTGAGE CREDIT AVAILABILITY INDEX
(a report from the Mortgage Bankers Association)
MBA

6. Total Existing & New Home Sales
NAR

7. Qualifying Income Necessary to Purchase Median Priced Home**
**Based on a 25% qualifying ratio for monthly housing
expense to gross monthly income with a 20% down payment.
NAR

8. - Lawrence Yun Chief Economist at NAR
“Even though home prices are climbing far
above people’s income, exceptionally low
mortgage rates have permitted people to
buy a home without overstretching their
budget. For someone making a 20% down
payment, the monthly mortgage payment at
today’s mortgage rates would take up 15% of a
person’s gross income. During the bubble years, it was
reaching 25% of income. The long-term historical average
is around 20%. Therefore, a middle-income household
does not need to overstretch their budget much if at all
to buy a typical home."
- Lawrence Yun
Chief Economist at NAR

9. 24.9% 29.9% 22.1% 15.3% RENTING vs. BUYING The Cost of NOW:
HISTORICALLY:
NOW:
Percentage of Income Needed to Afford Median Rent
Percentage of Income Needed to Afford Median Home
24.9%
29.9%
22.1%
15.3%

10. Monthly Mortgage Payment
on Median Priced Home in the U.S. 1990–2015
2006
Joint Center for Housing Studies, Harvard University & NAR

11. the Spring Buyers’ Market
3 MUST-DOs to Dominate
the Spring Buyers’ Market 1 2 3
Strategy Call March 2016

12. How to Become a RAINMAKER
for Listing Leads
Agent Webinar April 2016

13. We will be doing two separate walkthroughs of Bridge Builders:
1.) Today at 2PM EST
You can register at:
2.) Friday, March 25th at 2PM EST
You can register at:
BRIDGE Builders