Pending Home Sales

70.0

80.0

90.0

100.0

110.0

Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr

NAR 5/2012

Existing Home Sales

12,658 HomesSell Every Dayand 8,987 Buyers Receive a Mortgage

NAR 5/2012

Return on Investment

MSN Money.com, Case Shiller

14.3

5.8

-28

34.2

-50

-30

-10

10

30

50

Dow S&P NASDAQ Real Estate

January 2000 – June 2012

Housing Wire 5/9/2012

“Until house prices are consistently rising, the economic recovery won’t fully engage.”

-Mark Zandi, Chief Economist for Moody’s Analytics

3.75

4

4.25

4.5

4.75

5

5.25

Mortgage Rates – 30 Year Fixed

Federal Reserve

1/01/2011 Today

“In the chart, the red line shows the mortgage payment you’d have to make if you took out a standard 30-year mortgage for the median asking sales price for vacant sale units… That number is now lower than the median national rental price. This is the first time that’s happened since 1988, and probably for quite some time before that, too.”

Rent vs. Buy

Reuters-Felix Salmon 5/8/2012

A Home Buyer Poll released recently by TD Bank revealed aspirations of homeownership are still very much alive.

The majority (84%) of today's younger renting generation (ages 18-34) responded that they intend to buy a home.

Young Renters Plan to Buy a Home

84%

16%

Young Renters

Plan to Buy Don't

TD Bank 5/21/2012

Non-Financial Value of Homeownership

“We’re seeing a psychological shift. Instead of looking at homes through the eyes of an economist, we’re realizing that a home doesn’t solely equate to a financial return…Instead the home is the emotional center of our lives, and it remains a critical component of who we are…The feeling you get when you step through your front door or pull into your driveway is indescribable and priceless and the same holds true for our children who crave stability.”

- Psychotherapist Dr. Robi Ludwig DS News 5/31/2012

Supply & Demand

http://web.realestateconsulting.com/us-housing-summary-2012/Default.aspx

Month’s Inventory of Homes for Sale

4.0

5.0

6.0

7.0

8.0

9.0

10.0

Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr

NAR

“As lenders begin processing their distressed inventories and releasing them for sale at the local level, we look to them to move carefully and monitor conditions so recently gained home values aren't diminished.“

- Move.com

Impact of Coming Foreclosures

Move, Inc. 5/30/2012

“Foreclosure-related sales picked up in the first quarter, particularly pre-foreclosure sales where a distressed homeowner is selling to avoid foreclosure - typically via short sale. Those pre-foreclosure sales hit a three-year high in the first quarter (up 25%). Lenders are approving more aggressively priced short sales, which in turn is resulting in more successful short sales.”

- Brandon Moore, CEO of RealtyTrac

Short Sales Skyrocketing

RealtyTrac 5/29/2012

Resources

KEEPINGCURRENTMATTERS.COM

Slide Slide Title Link

2, 3, 4 Reuters Quoteshttp://www.reuters.com/article/2012/05/31/housing-data-tealeaves-idUSL1E8GU54520120531

6, 8 Pending Home Sales, Existing Sales Report http://www.realtor.org

9 S&P Case Shiller Home Price Indices http://www.standardandpoors.com

11 Mark Zandi Quotehttp://housingwire.com/news/zandi-foreclosure-crisis-biggest-impediment-full-us-employment

13 Mortgage Rates – 30 Year Fixed http://www.freddiemac.com/pmms

14 Rent vs. Buy http://blogs.reuters.com/felix-salmon/2012/05/08/chart-of-the-day-lets-go-buy-a-house

15 Young Renters Plan to Buy a Homehttp://www.marketwatch.com/story/us-homeownership-aspirations-arent-dead-owning-a-home-remains-a-defining-element-of-the-american-dream-2012-05-21

16 Non-Financial Value of Homeownershiphttp://www.dsnews.com/articles/homeownership-still-holds-high-emotional-value-2012-05-31

19 Month’s Inventory of Home Sales http://www.realtor.org

20 Continued Pressure on Prices http://www.radarlogic.com/rlresearch

21,22 Percentage of Distressed Property Sales http://www.realtor.org

23 Foreclosure Inventory in Judicial States http://www.lpsvcs.com/LPSCorporateInformation/NewsRoom/Pages/default.aspx

Resources

KEEPINGCURRENTMATTERS.COM

Slide Slide Title Link

25 Judicial and Non-Judicial States http://www.corelogic.com/about-us/researchtrends/asset_upload_file896_15255.pdf

26 Judicial and Non-Judicial Stateshttp://www.calculatedriskblog.com/2012/05/freddie-mac-lower-reo-expense-in-q1-due.html

27 Impact of Coming Foreclosures http://news.move.com/index.php?s=11609&item=128978

28 Short Sales Skyrocketinghttp://www.realtytrac.com/content/foreclosure-market-report/q1-2012-us-foreclosure-sales-report-7213

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