6. Month’s Inventory of Homes for Sale NAR 1/2013 5-6 Months = Normal Market Inventory

7. Home Prices in the Short Term PROJECTED S&P Case Shiller 1/2013

9. Mortgage Rates – 30 year fixed Freddie Mac 2/1/2013 11/1/2011 – 2/1/2013

10. “After reaching record lows in 2012, mortgage rates are expected to creep up slowly in 2013, the Mortgage Bankers Association predicted.” Mortgage Rates Moving Forward Projected 30 Year Mortgage Rate MarketWatch 10/24/2012

11. Mortgage Rates 30 year fixed Mortgage Rates - 30 year fixed Freddie Mac 2/1/2013 12/01/2012 – 2/1/2013

13. I’m the SELLER, so Where’s the Beef?

14. Impact of Interest Rates on Buying Power $350,000 Sales Price, $50,000 Down $1,348.13 Maximum Qualifying P/I 3.5%, 30 year  $300,000 maximum loan amount 4.5%, 30 year  $265,871 maximum loan amount Needs an additional $34,128 cash to buy home!!

15. 5 Reasons You Should List Your House TODAY! Many homeowners are waiting until the Spring ‘buying season’ to list their homes for sale. Here are five reasons why that might not make sense this year:

16. 1.) Demand Is High Homes are selling at a pace not seen since 2007. The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed that annual sales in 2012 increased 9.2% over 2011. There are buyers out there right now and they are serious about purchasing.Existing Home Sales Report

17. 2.) Supply Is Low The monthly supply of houses for sale is at its lowest point (4.4 months) since May of 2005. The current month’s supply is down 21.6% from the same time last year. Historically, inventory increases dramatically in the spring. Selling now when demand is high and supply is low may garner you your best price.

18. 3.) New Construction Is Coming Back Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block. As the market is recovering, more and more builders are jumping back in. These ‘shiny’ new homes will again become competition as they are an attractive alternative to many purchasers.

19. 4.) Interest Rates Are Projected to Inch Up The Mortgage Bankers’ Association has projected mortgage interest rates will inch up approximately one full point in 2013. Whether you are moving up or moving down, your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

20. 5.) Timelines Will Be Shorter The dramatic increase in transactions caused many challenges to the process of buying or selling a home in 2012. We waited for inspections, dealt with last minute appraisals and prayed that the bank didn’t ask for ‘just one more piece of paper’ before issuing a commitment on the mortgage. There are fewer transactions this time of year. That means that timetables on each component of the home buying process will be friendlier for those involved in transactions over the next 90 days.

21. MonthsMarketPricing 1- 4SellersAppreciation 5 - 6EvenThe Norm 7+BuyersDepreciation Months Supply & Impact on Price