bryan a. beckwith - associate broker waterandlandman@gmail

Bryan A. Beckwith - Associate BrokerBryan A. Beckwith - Associate Broker

waterandlandman@gmail.comTel: (231) 631-2913 - Fax: (888) 275-4099Tel: (231) 631-2913 - Fax: (888) 275-4099

511 East Front St.511 East Front St.Traverse City, MI 49686Traverse City, MI 49686

From The Desk Of Your Real Estate Expert

Year-over-Year Price Change by Region

FHFA 2013 4Q

Year-over-Year Price Change by State

FHFA 2013 4Q

Largest Year-over-Year Price Appreciation

Nevada 22.2%California 20.3%Oregon 14.3%Michigan 13.7%Georgia 13.4%

The real estate market is

IMPROVING!

CONFUSION

FEAR

Fear Leads to Indecision

In the future, real estate marketing will shift to effectively and consistently answering the one question every

real estate pro gets asked:

How’s the market?

Nobu Hata NAR’s Director of Digital Engagement

“To provide value, real estate agents must not only provide information but also insights

into that information.”

Guy Kawasaki

Silicon Valley author, speaker, investor and business advisor

Be their ‘Expert’The person to whom They turn for advice on difficult or complex real estate decisions.

“When getting help with money, whether it is insurance, real estate or investments you should always look for a person with the heart of a teacher, not the heart of a salesman.”

Dave Ramsey

Home Prices

Home Price Home Price Expectation Expectation

SurveySurveyA nationwide panel of over one hundred

economists, real estate experts and

investment & market strategists.

Home Price Expectation Survey 2014 1Q

PROJECTED Percentage Appreciation

2013 - 2014 30 Year Fixed Mortgage Rates

Freddie Mac 2/2014

The Cost of Waiting

DateAverage

PriceInterest

RateP&I

December 2012 $230,600 3.35 $1,016.29

December2013 $246,800 4.46 $1,244.64

$228.35Difference in Monthly Payment

Monthly Annually Over 30 Years

$228.35 $2,740.20 $82,206

Mortgage Rate Projections

Analyst Projected Rate 1Q 2015

Fannie Mae 4.9% National Assoc of Realtors 5.5% Freddie Mac 5.1% Mortgage Bankers Assoc 5.1%

2/2014

DateAverage

PriceInterest

RateP&I

January2014 $246,800 4.31 $1,222.79

January2015 $256,672 5.3 $1,425.31

$202.52Difference in Monthly Payment

Monthly Annually Over 30 Years

$202.52 $2,430.24 $72,907.20

Federal Reserve

OVER 30X greaterthan renters

Homeowners Net Worth…

$174,500

$5,100

Homeowner Renter

An American Family’s

Net Worth

Federal Reserve