kcm 05 12 for buyers

7/31/2019 KCM 05 12 for Buyers

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Return on Investment

MSN Money.com, Case Shiller

20.8

1

-22.7

34.2

-50

-30

-10

10

30

50

Dow S&P NASDAQ Real Estate

January 2000

May 2012


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Existing Home Sales

12,474 HomesSell Every Day

and 8,346 BuyersReceive a Mortgage

NAR 3/2012


4/15

NAR

40%

37%

31% 30% 29%31% 30%

28%

29%

32%

35% 34%

29%

0%

10%

20%

30%

40%

50%

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

Percentage of Distressed Property Sales


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Pending Home Sales

NAR 04/2012

82.0

87.0

92.0

97.0

102.0

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


7/15

Paul Diggle, property economist, Capital Economics

The increase in households confidence in the outlook for

the housing market, coupled with a gradual improvementin the pace of the economic recovery, should drive a rise inhome sales later this year.

Doug Duncan, chief economist, Fannie Mae

Conditions are coming together to encourage people to

want to buy homes. Americans rental price expectations

for the next year continue to rise, reaching their record

high level for our survey this month. With an increasingshare of consumers expecting higher mortgage rates andhome prices over the next 12 months, some may feel thatrenting is becoming more costly and that homeownership

is a more compelling housing choice.


8/15

Celia Chen, director of housing economics, Moodys

The residential property market is recovering, as thefactors underlying demand and supply strengthen. Evenafter accounting for unusual seasonal patterns brought onby the unusually warm winter, conditions have not beenthis strong since the government ended homebuyer taxcredits in 2010.

Mark Fleming, chief economist, CoreLogic

Since the peak in home prices, mortgages rates have

declined and affordability has risen dramatically. Housing

affordability is at levels not seen since prior to the early1990s While real estate professionals often say that

now is a good time to buy, it is clear today that April 2006

was probably not a good time to buy, while now may well

be the time.


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I was one of the most negative on housing. I finally

came to the conclusion housing looks like a decent placeto put money over the next several yearsFor those of

you renting or on the sidelines, I recommend you at leastconsider getting back in and buying a house.

Mark Kiesel, the PIMCO managing director who just purchased a home.


10/15

We very much believe weve hit bottom.

Ivy Zelman, renowned housing analyst nicknamed Poison Ivy

for her harsh positions on housing over the last several years.


11/15

Bears Turn Bull

Industry Analyst 2006-2007 Today

ChristopherThornberg

Declares:Housing is by no meansdone. The worst is in front of us,

not behind us.

Now is a great time to buy

a home.

John

Talbott

Authors the best-sellerSell Now: the End of

the Housing Bubble

It is now time to buy a

home.

IvyZelman

Nicknamed Poison Ivyfor herharsh positions on housing.

We very much believe

weve hit bottom.

MarkKiesel

Declares: Housing is the

next Nasdaqbubble.

Sold his home.

Suggests others do whathe just did: buy a home


12/15

3.75

4

4.25

4.5

4.75

5

5.25

Mortgage Rates 30 Year Fixed

Federal Reserve

1/01/2011 Today


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S&P Case-Shiller Home Price Indices

S&P Case Shiller 3/2012


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Resources

KEEPINGCURRENTMATTERS.COM

Slide Slide Title Link

2 Return on Investment www.msnmoney.com

3, 4,5, 6

Existing Home Sales, Percentage of DistressedProperty Sales, Pending Home Sales

http://www.realtor.org

9 Mark Kiesel Quote http://www.pimco.com/EN/Insights/Pages/Global-Credit-Perspectives-May-2012.aspx

10 Ivy Zelman Quote http://online.wsj.com/article/SB10001424052702304723304577366294046658820.html

12 Mortgage Rates 30 Year Fixed http://www.realtor.org

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

15, 16Percent of Contract Failures, Months Inventoryof Home Sales

http://www.realtor.org

18 Americans Brace for Next Foreclosure Wave http://www.reuters.com/article/2012/04/05/us-foreclosure-idUSBRE83319E20120405

19 Flood of Foreclosures to hit the Housing Market http://money.cnn.com/2012/04/13/real_estate/foreclosures/index.htm

20 More Foreclosures Drag on Home Prices http://abcnews.go.com/blogs/business/2012/04/more-foreclosures-drag-on-home-prices

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

25 Percentage Discount http://www.lpsvcs.com/LPSCorporateInformation/NewsRoom/Pages/20120405.aspx
http://www.msnmoney.com/http://www.realtor.org/http://www.realtor.org/http://online.wsj.com/article/SB10001424052702304723304577366294046658820.htmlhttp://www.realtor.org/http://www.standardandpoors.com/http://www.realtor.org/http://www.reuters.com/article/2012/04/05/us-foreclosure-idUSBRE83319E20120405http://money.cnn.com/2012/04/13/real_estate/foreclosures/index.htmhttp://abcnews.go.com/blogs/business/2012/04/more-foreclosures-drag-on-home-priceshttp://www.realtor.org/http://www.lpsvcs.com/LPSCorporateInformation/NewsRoom/Pages/20120405.aspxhttp://www.lpsvcs.com/LPSCorporateInformation/NewsRoom/Pages/20120405.aspxhttp://www.realtor.org/http://abcnews.go.com/blogs/business/2012/04/more-foreclosures-drag-on-home-priceshttp://abcnews.go.com/blogs/business/2012/04/more-foreclosures-drag-on-home-priceshttp://abcnews.go.com/blogs/business/2012/04/more-foreclosures-drag-on-home-priceshttp://abcnews.go.com/blogs/business/2012/04/more-foreclosures-drag-on-home-priceshttp://abcnews.go.com/blogs/business/2012/04/more-foreclosures-drag-on-home-priceshttp://abcnews.go.com/blogs/business/2012/04/more-foreclosures-drag-on-home-priceshttp://abcnews.go.com/blogs/business/2012/04/more-foreclosures-drag-on-home-priceshttp://abcnews.go.com/blogs/business/2012/04/more-foreclosures-drag-on-home-priceshttp://abcnews.go.com/blogs/business/2012/04/more-foreclosures-drag-on-home-priceshttp://abcnews.go.com/blogs/business/2012/04/more-foreclosures-drag-on-home-priceshttp://abcnews.go.com/blogs/business/2012/04/more-foreclosures-drag-on-home-priceshttp://money.cnn.com/2012/04/13/real_estate/foreclosures/index.htmhttp://www.reuters.com/article/2012/04/05/us-foreclosure-idUSBRE83319E20120405http://www.reuters.com/article/2012/04/05/us-foreclosure-idUSBRE83319E20120405http://www.reuters.com/article/2012/04/05/us-foreclosure-idUSBRE83319E20120405http://www.reuters.com/article/2012/04/05/us-foreclosure-idUSBRE83319E20120405http://www.reuters.com/article/2012/04/05/us-foreclosure-idUSBRE83319E20120405http://www.realtor.org/http://www.standardandpoors.com/http://www.realtor.org/http://online.wsj.com/article/SB10001424052702304723304577366294046658820.htmlhttp://www.realtor.org/http://www.realtor.org/http://www.realtor.org/http://www.realtor.org/http://www.realtor.org/http://www.realtor.org/http://www.realtor.org/http://www.realtor.org/http://www.realtor.org/http://www.realtor.org/http://www.realtor.org/http://www.msnmoney.com/


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kcm 05 12 for buyers

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