understanding the 2014 homebuyer and seller
TRANSCRIPT
GEAR UP FOR SUCCESSTake Charge America
20620 North 19th AvenuePhoenix, Arizona 85027
October 16, 2013
Monsoon Wealth Management
Marvin R. ClarkManaging Principal
Chief Economist and Strategist
Understanding the 2014 Homebuyer and Seller
It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of
belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was
the winter of despair, we had everything before us, we had nothing before us, we were all going direct to heaven, we were
all going direct the other way - in short, the period was so far like the present period, that some of its noisiest authorities insisted
on its being received, for good or for evil, in the superlative degree of comparison only.
Charles Dickens, A Tale of Two CitiesEnglish novelist (1812 - 1870)
Things We Will Not Discuss
• Ben Bernanke
• Janet Louise Yellen
• The National Debt
• Sequestration
• Retirement
• The Global Economy
• Income Inequality
• Student Debt
• Spending and Taxes
• The Next Recession
Things We Will Discuss
• Quantitative Easing
• Interest Rates
• Real Estate Bubbles• Economic Outlook for 2014 – what can
we expect from the housing market in the coming year?
What are short-term projections? What are long-term projections?
Where are interest rates headed?
Local Economic Questions to Address Regarding Real Estate
• What would a “full recovery” look like? How does this differ from the recent peak?
• Is the significant increase in home prices over the last two years healthy for the Valley RE market?
• What industries are attracting newcomers to the area? Who are these newcomers?
• Are there specific groups of people driving the growth? For instance, is there an increase in single females, young couples, seniors, etc.
Long-Term Housing Prices Adjusted for Inflation
Certain information, charts, and data for this presentation comes from the following sources:
Monsoonwealth.com - http://monsoonwealth.com
CalculatedRISK - http://www.calculatedriskblog.com
St Louis Federal Reserve - http://www.stlouisfed.org
John Mauldin - http://www.mauldineconomics.com/ttmygh/chekhovs-gun
Zero Hedge - http://www.zerohedge.com/ via http://www.mauldineconomics.com
The Wall Street Journal - http://online.wsj.com via http://www.mauldineconomics.com
Bill Fleckenstein - https://www.fleckensteincapital.com via http://www.mauldineconomics.com
Bloomberg - http://www.bloomberg.com via http://www.mauldineconomics.com
Bankrate.com - http://www.bankrate.com via http://www.mauldineconomics.com
Business Insider - http://www.businessinsider.com/
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Disclaimer: The material appearing in this email is based on data and information from sources we believe to be accurate and reliable. However, the material is not guaranteed as to accuracy nor does it purport to be complete. Opinions and projections, both our own and those of others, reflect views as of dates indicated and are subject to change without notice. The contributions and opinions of others do not necessarily reflect the views of Marvin Clark or Monsoon Wealth Management. Nothing appearing in this email should be considered a recommendation to buy or to sell any security or related financial instrument. Investors should discuss any investment with their personal investment counsel. Past performance does not guarantee future results.
Monsoon Wealth Management
Marvin R. ClarkManaging Principal
Chief Economist and Strategist