United Texas: Housing Initiatives that Work

The Texas Affordable Housing Specialist Certification is approved and endorsed by the Texas Association of REALTORS®. This certification is not affiliated with or endorsed by the National Association of REALTORS®.

United Texas: Housing Initiatives that Work

Texas Veterans Land Board

United Texas: Housing Initiatives that Work

Giving Texas REALTORS® the know-how to help more Texans become

proud homeowners.

Course objectives

• Provide information to Texas REALTORS® about state assistance programs that help make homeownership affordable and sustainable

• Provide contacts for state-specific programs

• Increase awareness amongst Texas REALTORS® of programs and incentives

• Help Texas REALTORS® work toward the goal of increasing homeownership in Texas

• Help homeowners achieve sustainable homeownership

• Help ensure that Texas REALTORS® provide sound real estate advice

Texas Association of REALTORS®

This course and workbook represent a valuable guide to housing opportunity programs in Texas.

Texas Affordable Housing Specialist (TAHS)

• United Texas is the cornerstone of the TAHS certification

• TAHS specialists are noted in member profiles on TexasRealEstate.com

• TexasRealEstate.com has free resources and marketing materials

• $22 of the $30 fee for the I Am A Texas REALTOR® license plate is donated to the Texas Association of REALTORS® Housing Opportunity Fund

TexasRealtors.com

Consumer marketing flier

TxHomePrograms.org

KeepMyTexasHome.org

KeepMyTexasHome.org

• Explains the foreclosure process

• Outlines actions to take

• Provides a search for short sale and foreclosure specialists

• Answers common questions

• Gives information for renters in foreclosure

• Includes a glossary of terms

• Provides additional resources

US foreclosures

Source: RealtyTrac.com - March 2015

The US economy

• National unemployment – 5.4%

• 1 in every 1,082 homes in the US is in foreclosure proceedings (some stage)

• Top 5 foreclosure states:1. Florida

2. Illinois

3. New Jersey

4. Maryland

5. Nevada Source: RealtyTrac.com – March 2015

Texas foreclosures

Source: RealtyTrac.com – March 2015

Texas1 in every 1760

Top 5 CountiesJohnson1 in every 816Bell1 in every 850Wilson1 in every 929Kaufman1 in every 935Coryell1 in every 942

Texas stats

Homes for sale: 53,040

Median list price: $180,000 (up 1% from February 2014)

Foreclosures: 1 in every 1,760

Median foreclosure price: $96,300

Income & employment

• 2014 Texas median income $97,500

• 2014 US median income $84,500

• 2014 Texas unemployment rate 4.2%

• 2014 US unemployment rate 5.4%

Source: Bureau of Labor Statistics

Source: RECenter.TAMU.edu

Texas sales

September 2014 – 24,702 September 2013 – 23,013 September 2012 – 19,269

Pluses for buyers

• Historic low interest rates

• Short sale and foreclosure inventory provide investment opportunities for buyers and investors to rehab housing

• A variety of home choices

• Possible financing programs and incentives

• Lower interest rates and stable prices mean a good investment opportunity

Texas REALTORS® can help buyers achieve a conservative housing scenario that will work with and not harm their financial situation.

First-time buyers…• Are more loyal and appreciative

• Provide word-of-mouth referrals

• Build equity

- increase their own personal wealth, and

- positively impact the economy

• Relay their experience to others

• Move up the housing ladder and continue to buy from you!

We’ll take a few questions

then have closing remarks from our committee chair.

Contact - glang@texasrealtors.com

Thank you for participating in today’s webinar.