bryan a. beckwith - associate broker waterandlandman@gmail
DESCRIPTION
From The Desk Of Your Real Estate Expert. Bryan A. Beckwith - Associate Broker [email protected] Tel: (231) 631-2913 - Fax: (888) 275-4099 511 East Front St. Traverse City, MI 49686. Year-over-Year Price Change by Region. FHFA 2013 4Q. Year-over-Year Price Change by State. - PowerPoint PPT PresentationTRANSCRIPT
Bryan A. Beckwith - Associate BrokerBryan A. Beckwith - Associate Broker
[email protected]: (231) 631-2913 - Fax: (888) 275-4099Tel: (231) 631-2913 - Fax: (888) 275-4099
511 East Front St.511 East Front St.Traverse City, MI 49686Traverse City, MI 49686
From The Desk Of Your Real Estate Expert
Year-over-Year Price Change by Region
FHFA 2013 4Q
Year-over-Year Price Change by State
FHFA 2013 4Q
Largest Year-over-Year Price Appreciation
Nevada 22.2%California 20.3%Oregon 14.3%Michigan 13.7%Georgia 13.4%
The real estate market is
IMPROVING!
CONFUSION
FEAR
Fear Leads to Indecision
In the future, real estate marketing will shift to effectively and consistently answering the one question every
real estate pro gets asked:
How’s the market?
Nobu Hata NAR’s Director of Digital Engagement
“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 Home Price Expectation Expectation
SurveySurveyA nationwide panel of over one hundred
economists, real estate experts and
investment & market strategists.
Home Price Expectation Survey 2014 1Q
PROJECTED Percentage Appreciation
2013 - 2014 30 Year Fixed Mortgage Rates
Freddie Mac 2/2014
The Cost of Waiting
DateAverage
PriceInterest
RateP&I
December 2012 $230,600 3.35 $1,016.29
December2013 $246,800 4.46 $1,244.64
$228.35Difference in Monthly Payment
Monthly Annually Over 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
DateAverage
PriceInterest
RateP&I
January2014 $246,800 4.31 $1,222.79
January2015 $256,672 5.3 $1,425.31
$202.52Difference in Monthly Payment
Monthly Annually Over 30 Years
$202.52 $2,430.24 $72,907.20
Federal Reserve
OVER 30X greaterthan renters
Homeowners Net Worth…
$174,500
$5,100
Homeowner Renter
An American Family’s
Net Worth
Federal Reserve
