This Month in Real Estate July 2010
- 1. Commentary 2 Released: TheNumbersThatDriveRealEstate 3 July7,2010 檎艶界艶稼岳油GovernmentAction 9 意看沿庄界壊油韓看姻油堰看馨艶油Buyers,Sellers,andOwners 11 Broughttoyouby: KWResearch
- 3. 堰看馨艶油皆温鉛艶壊 4 TheNumbersThat 堰看馨艶油永姻庄界艶 5 DriveRealEstate Inventory 6 珂看姻岳乙温乙艶油檎温岳艶壊 7 Affordability 8 Broughttoyouby: KWResearch
- 4. 堰看馨艶油皆温鉛艶壊 InMillions ExistinghomesalesslowedslightlyinMayto5.66million,down 2.2%fromAprilbut up19.2%fromlastMay.Thisistheeleventhconsecutivemonthofyearoveryear increase.LawrenceYun,NARchiefeconomist,attributesthistotheongoingeffects ofthehomebuyertaxcredit, andheanticipatesthesamenextmonth.InMay,46% ofsaleswerefromfirsttimebuyers,downslightlyfromthepreviousmonths49%but stillconsideredhigh. ImpactofTax SeasonallyAdjusted堰看馨艶油皆温鉛艶壊 InMillions CreditDeadline May0809 910 May0 LatestDataRelease:June22,2010 Source:NationalAssociationofRealtors KWResearch4
- 5. 堰看馨艶油永姻庄界艶 InThousands Themedianpriceforanexistinghomewas$179,600inMay,up2.8%fromayearago and4.2%fromApril.Distressedhomes,accountingfor31%oflastmonthssales, continuedskewingpricesdownwardslightlyastheyareusuallydiscountedfrom comparablehomes.Overall,pricesthispastyearcontinuedtoshowincreasedstability overthepreviousyear.VickiCoxGolder,presidentofNARstates,Withdistressed salesatroughlythesamelevelasayearago,thegaininhomepricesisahopefulsign thatthemarketisinagoodpositiontostandonitsownwithoutfurthergovernment stimulus. 09 Increased 堰看馨艶油永姻庄界艶 InThousands 08 May Stability 0 9 1 0 May LatestDataRelease:June22,2010 Source:NationalAssociationofRealtors KWResearch5
- 6. 鴛稼厩艶稼岳看姻霞油 Numberofhomesavailableforsale InMillions Totalhousinginventorydeclinedslightlyto4.89millioninMay,representingbetween eightandeightandahalfmonthsupplyofsales(ifhomescontinuetosellatthe currentpaceconsistentlyandnonewonescomeonthemarket).Thereareaboutthe samenumberofhomesforsaleaslastyear,with1%morecurrentlyavailable. Althoughtherecontinuestobeaniceselectionofavailablehomesforbuyers,the 3.4%fewernumberfromlastmonthhelpstofurtherstabilizeprices. Aboutthe sameas May0809 lastyear May0910 Numberofhomesavailableforsale InMillions LatestDataRelease:June22,2010 Source:NationalAssociationofRealtors KWResearch6
- 7. 珂看姻岳乙温乙艶油檎温岳艶壊 30足YearFixed MortgageratesfelltoanewrecordlowinJuneamidadropinconsumerconfidence concerningtherecovery.ThetoneoftheFederalReserveslatestmeetingwasnotably temperedontheoutlookforrecovery,indicatingthattheeconomyisstrongerthanlast yearbutthereisstillmuchgroundtocover.Interestratessignificantlybelow5%may piquetheinterestofmoreinvestors. ThirtyYearAverage 8.9% Average Weekly Mortgage Rates 12%drop sinceApril8 OneYearAverage 5.0% Source:FreddieMac KWResearch7
- 8. 粥韓韓看姻糸温恢庄鉛庄岳霞油 Thepercentageofamedianfamilysincomerequired tomakemortgagepaymentsonamedianpriced PercentageofIncome home Affordabilityremainsadvantageous,supportedbythelowestmortgagerates indecadesaswellasloweredhomeprices.Thehomepricetoincomeratio continuestoremainwellbelowthehistoricalaverageof25%,butstabilized homepricesaredrawingaffordabilitybackuptowardmorenormal levels.The rationowstandsat15.4%. HistoricalStandard:25% AffordabilityasofMayeveryyear.Calculationsassumea20%downpayment. KWResearch8 Source:NationalAssociationofRealtors
- 9. 檎艶界艶稼岳油 TaxCreditsClosing 10 GovernmentAction DeadlineExtended Broughttoyouby: KWResearch
- 11. 意看沿庄界壊油韓看姻油堰看馨艶油 Buyers,Sellers,and RealEstateInvesting 12 Owners Broughttoyouby: KWResearch
- 12. RealEstateInvesting Theincreasedaffordabilityandlowinterestratesmayhavesome thinkingaboutpurchasingrealestate investmentproperties.HereareafewkeypointsoninvestingfromTheMillionaireRealEstate Investor: Criteria:Criteriaarethestandardsthatdefinewhatkindofproperty Therearesomegreatterms youarelookingfor.Thesearethethingsthatyoulistwhenyou are rightnowwithrecordlow huntingforthenextopportunitytoinvestin:Isitasinglefamilyormulti interestratesand familyopportunity?Whatfeaturesoramenitiesdoesithave?Whatis discounteddistressed properties.Keepinmind thelocation?Theseareaspectsofthepropertythatcantbenegotiated. thatthelendingfor investmentpropertieshas Terms:Thisishowyouturnyouropportunityintoagooddeal.Once additionalrequirements likecashreservesandtotal thepropertymeetsyourcriteria,termsarethenegotiableaspectsof propertylimits.Talktoa yourinvestment,suchastheofferprice,thedownpayment,interest professionalformore rates,occupancydate,andclosingcosts.Termsarewhereagreatdeal information. canbecreatedfromeventhemostmodestcriteria.Theymean understandingthefinancialbasicsofatransaction,knowingwhich elementsareflexible,beingsystematicaboutgettingallyoucanfrom everydeal,andalso,forsome,knowingwhentowalkaway. Network:thepeoplewhohelpyoufind,complete,andsupportyour realestateinvestments. Havequestionsorwanttolearnmoreaboutinvestmentopportunitiesinyourlocalarea? KWResearch12 JustaskyourlocalKellerWilliamsassociate!
- 13. YourLocalMarket Althoughitisimportanttostayinformedaboutwhatisgoingon inthenational economyandhousingmarket,manydifferentfactorsimpacttherealestate marketinyourownarea. TalktoyourKWassociateforassistanceinterpretingthe conditionsinyourlocalmarket. KWassociatesareequippedwiththeknowledgeandinformationto helpyou navigatethroughthehomebuyingorsellingprocessinthischallengingmarket. KWResearch13
- 14. 晦看界温鉛油珂温姻一艶岳油粥恢壊看姻沿岳庄看稼油檎温岳艶 悪安油檎艶壊艶温姻界鞄油油14
- 15. 鰻顎馨恢艶姻油看韓油堰看馨艶壊油i稼油沿鉛温霞 悪安油檎艶壊艶温姻界鞄油油15
- 16. Avg Pricepersqft 悪安油檎艶壊艶温姻界鞄油油16
- 17. 皆看鉛糸油岳看油晦庄壊岳油永姻庄界艶油遺看馨沿温姻庄壊看稼 悪安油檎艶壊艶温姻界鞄油油17
- 18. Avg PriceForSaleVSSold 悪安油檎艶壊艶温姻界鞄油油18
- 19. AboutKellerWilliamsRealty Foundedin1983,KellerWilliamsRealty,Inc.,isaninternationalrealestate companywithmorethan77,000associatesand677officesacrosstheUnited States andCanada.Thecompanybeganfranchisingin1991and,afteryearsof phenomenalgrowthandsuccess,becamethethirdlargestU.S.residentialreal estatefirmin2009. Thecompanyhassucceededbytreatingitsassociatesaspartners andsharing itsknowledge,policycontrol,andcompanyprofitsonasystemwidebasis. Byfocusingonhelpingassociatesrealizetheirfullestpotential,KellerWilliams Realtyisknownasanindustryleaderinitsfamilyculture,unmatched education,profitsharingbusinessmodel,phenomenalcoachingprogram,and technologyofferings. www.kw.com KWResearch19
- 20. AboutPaulW.Drury OriginallylicensedasanagentinOhioin1986,Paulbeganwith LehmanJohnsonRealEstateinElyria.HeacquiredhisRealEstate BrokerageLicensein1992andbecameanAssociatebrokerwithWest ShoreRealty.In1995hemovedhisbrokeragelicensetoContinental RealtyInvestmentwherehebegantofocusonadditionalworkwith commercialandinvestmentrealestate.Duringtheseyearshealso performedprofessionalappraisalswithTheAppraisalHouse. In2001hebeganDruryRealtyConsultingandworkedasan independentRealEstateConsultantandworkedonhisownuntil2009 whenhejoinedKellerWilliamsRealty,GreaterClevelandWest.Being apartoftheKellerfamilyprovidesmewithtoolsandserves unachievablestrictlyonmyown,providesmewiththetoolsand networkingofahugenationalnetwork,whilestillenablingmeto work,act,andfunctionasthemanagerofmyownbusiness.Itsthe bestofbothworlds. Paul Paul'sHomePage 悪安油檎艶壊艶温姻界鞄油油20
- 21. Whatwehavetooffersellers Sellersnowhaveaccesstotoolsunimaginablejustafew yearsearlier.KellerWilliamsRealtydoesntspend valuableresourcespromotingitsownname.Insteaditputs resourcesintothebesttoolsandresourcesforeducation andtraining,providingthehighestqualityrealestate professionalsintolocalcommunities. PropertiesputupforsalebyPaularealsolistedinKWLS,a nationalMLS,implementedbyKellerWilliamsthethird largestcompanyintheUS;localMLS;NEOHREX(Northern OhioRealEstateExchange);andonnationalsitessuchas Trulia,Zillow,CyberHomes,andothers. 悪安油檎艶壊艶温姻界鞄油油21
- 22. Whatwehavetooffersellers(Contd) OthertoolsbroughttobearbyPaulincludebrandingusing uniquewebaddresseswithavirtualtourthatcanbe emailedorthelinkcanpostedanywhere,toincludeCraigs ListandBackPage.Examplesofpropertiessoldrecently usingthismethodinclude: 947GulfRoadinElyria (soldin28days)http://947gulfroad.com/ 359GayleDriveinSheffieldLake(soldin57days)http://359gayledrive.com/ 327GayleDriveinSheffieldLake (soldin18days)http://327gayledr.com/ 810SandalwoodDriveinElyria (Soldin19days)http://810sandalwooddr.com/ NotPlanningtosellinthenearfuture? Wouldyoustillliketomonitorwhatishappeninginyour neighborhoodorarea? ContactPaulnowforafreeperiodicmarketupdate.Nocost.No obligation. 悪安油檎艶壊艶温姻界鞄油油22
- 23. Propertiescurrentlyforsale Propertiescurrentlyforsale: 37101HuntersTrailinAvon http://37101hunterstrail.com/ 4435PorterRoadinNorthOlmsted http://4435porterroad.com/ 19593WhiteheadRoadinWellington http://19593whiteheadrd.com/ 1GroverCourtinGrafton http://1groverct.com 416Winckles StreetinElyria http://416wincklesst.com 149Woodview DriveinElyria http://149woodviewdr.com 2815WestRiverRdSouthinElyria http://2815wriverrds.com Wouldyouliketoseeoneofthesehomes?Clickonthelink foratour. Wouldyoulikeyourhomeorpropertypromotedlike these? ContactPaulforafree,noobligation,consultationtoday at4403855650. 悪安油檎艶壊艶温姻界鞄油油23
- 24. Whatwehavetoofferbuyers BuyersofRealEstatealsohaveaccesstotools unimaginablejustafewyearsbefore.SinceKellerWilliams doesntspenditsmoneypromotingitsownname,itputs itsresourcesintoprovidingthebesttoolsandresourcesto itssystems,education,andtraining,thusprovidingthe mostprofessionalrealestateteammembersbackintothe communities. Paulisavailablemosthoursofthedaydirectlywithout havingtospeakwithassistantsandhemonitorshisemail regularly. 悪安油檎艶壊艶温姻界鞄油油24
- 25. Whatwehavetoofferbuyers(Contd) BuyerscanaccessPaulswebsiteatwww.druryrealty.com andconducttheirownsearchesaswellascreatetheirown searchprofilesforsearchingforpropertiesanywherein Ohio.IfrelocatingoutofOhio,KellerWilliamsoffersoneof thefinestrelocationreferralnetworksinthenation.While wemaynotbethebiggestfirminNorthernOhioyet,we areinmanyareasofthenationalalready. Paulswebsiteiseasytomanageandhecansetupsearch profilesforyousoyougetnotifiedatabout8:30amofany newpropertiesthatcomeavailable.Healsohasprofilesset uponnationalwebsitessuchasTruliaprovidingfor greateraccesstosearchtools. 悪安油檎艶壊艶温姻界鞄油油25
- 26. Investors&Shoppers ForeclosureWatch Areyoushoppingforthedealofacenturyforyour newhome? Areyouinthemarkettobuyahomeatasteep discountandtryandfixitupandflipit? Areyoulookingforahomeforsomeoneelse? Wanttoknowwhatishappeninginyourmarketplace? SendPaulanemailtodayandrequestfreemarket updatesatpaul@druryrealty.com CallPauldirectlyat4403855650. Nocost.Nocommitments.Noobligations.Nofuss.No kidding. 悪安油檎艶壊艶温姻界鞄油油26
- 27. FollowPaulonline HomeWebPage OnTwitter www.druryrealty.com www.twitter.com/PaulWDrury OnZillow OnFaceBook www.zillow.com/profile/PaulWDrury www.facebook.com/paul.w.drury OnTrulia OnLinkedIn www.linkedin.com/in/paulwdrury www.trulia.com/profile/paulwdrury OntheRealEstateGlobal Network www.realestateglobalnetwork.com/profile/PaulWDr ury 悪安油檎艶壊艶温姻界鞄油油27