logging in or signing up Weekly Mortgage Market Summary 5 cclifford Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 55 Category: Entertainment License: All Rights Reserved Like it (0) Dislike it (0) Added: December 16, 2011 This Presentation is Public Favorites: 0 Presentation Description 12-16-2011 summary Comments Posting comment... Premium member Presentation Transcript Weekly Mortgage Market Summary Week Ending December 16, 2011: Weekly Mortgage Market Summary Week Ending December 16, 2011 Lenders have to adjust to d emographic changes www.accessmrc.com • Weekly Mortgage Market Summary • © 2011 Published by Christine Clifford, CMBInterest Rates are Great : Interest Rates are Great Housing affordability is at historic highs so why aren’t we seeing a surge in home sales? Perhaps part of the reason for flat home sales is long term demographic trends: Fewer people are getting married and having kids Last year, only 9% of 18-24 year olds were married, a big drop from 45% a half century ago.* Instead they are moving back in with their parents *Source: The Christian Science Monitor, 12/14/2011, America’s Rash Retreat from Marriage”PowerPoint Presentation: Annual Growth in U.S. Households (000s) 1990 - 2010 US household growth is at its lowest level since a revised estimate for 1993. Over the past 70 years, declines in household formation appears to follow declines in the economy. Source: US Census Bureau, November 2010Downpayment Sources Among Homebuyers: Downpayment Sources Among Homebuyers Source: National Association of Realtors® Profile of Home Buyers & Sellers 2005-2010 .Percentage of People in the U.S. Moving Annually, 1947 - 2010: Percentage of People in the U.S. Moving Annually, 1947 - 2010 Source: Current Population SurveyHow can we turn foreclosures into a lending opportunity?: How can we turn foreclosures into a lending opportunity?One third of home sales are cash!: One third of home sales are cash! 18% of buyers in October 2011 and 19% in October 2010 were investors Investors are the bulk of cash buyers. Can mortgage lenders find new ways to leverage these investors and enable them to buy more homes? Source: NARNAR Forecast for Multifamily : NAR Forecast for Multifamily Source: NAR Commercial Real Estate Outlook, November 2011PowerPoint Presentation: Traditional sources of mortgage customers are shrinking. The number of young married couples has declined. The number of people relocating has declined. Mortgage lenders can’t change the country’s demographics but they can find new lending opportunities. You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
Weekly Mortgage Market Summary 5 cclifford Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 55 Category: Entertainment License: All Rights Reserved Like it (0) Dislike it (0) Added: December 16, 2011 This Presentation is Public Favorites: 0 Presentation Description 12-16-2011 summary Comments Posting comment... Premium member Presentation Transcript Weekly Mortgage Market Summary Week Ending December 16, 2011: Weekly Mortgage Market Summary Week Ending December 16, 2011 Lenders have to adjust to d emographic changes www.accessmrc.com • Weekly Mortgage Market Summary • © 2011 Published by Christine Clifford, CMBInterest Rates are Great : Interest Rates are Great Housing affordability is at historic highs so why aren’t we seeing a surge in home sales? Perhaps part of the reason for flat home sales is long term demographic trends: Fewer people are getting married and having kids Last year, only 9% of 18-24 year olds were married, a big drop from 45% a half century ago.* Instead they are moving back in with their parents *Source: The Christian Science Monitor, 12/14/2011, America’s Rash Retreat from Marriage”PowerPoint Presentation: Annual Growth in U.S. Households (000s) 1990 - 2010 US household growth is at its lowest level since a revised estimate for 1993. Over the past 70 years, declines in household formation appears to follow declines in the economy. Source: US Census Bureau, November 2010Downpayment Sources Among Homebuyers: Downpayment Sources Among Homebuyers Source: National Association of Realtors® Profile of Home Buyers & Sellers 2005-2010 .Percentage of People in the U.S. Moving Annually, 1947 - 2010: Percentage of People in the U.S. Moving Annually, 1947 - 2010 Source: Current Population SurveyHow can we turn foreclosures into a lending opportunity?: How can we turn foreclosures into a lending opportunity?One third of home sales are cash!: One third of home sales are cash! 18% of buyers in October 2011 and 19% in October 2010 were investors Investors are the bulk of cash buyers. Can mortgage lenders find new ways to leverage these investors and enable them to buy more homes? Source: NARNAR Forecast for Multifamily : NAR Forecast for Multifamily Source: NAR Commercial Real Estate Outlook, November 2011PowerPoint Presentation: Traditional sources of mortgage customers are shrinking. The number of young married couples has declined. The number of people relocating has declined. Mortgage lenders can’t change the country’s demographics but they can find new lending opportunities.