TOP 5 REALTOR AND REAL ESTATE

TRENDS

WITH JACOB SWODECK

LACK OF INVENTORY
True Sellers market? (or hype?) What about the shadow inventory? 7 month supply, 2.3m
properties, down 11% from a year ago via CoreLogic

Sustainable growth?

LACK OF INVENTORY

LACK OF INVENTORY
The NAR reported inventory decreased to 1.74 million units in January 2013, down from 1.83 million in December. This is down 25.3% from January 2012, and down 19% from the inventory level in January 2005 (mid-2005 was when inventory started increasing sharply). This is the lowest level of inventory since December 1999.

LISTING AGENTS RULE

Dual-agency trend S.E.L.s increase Working with institutional investors (Buyand-hold and flip) Harder to get offers accepted

FORECLOSURES DOWN, SHORT SALES UP

1,000,000 short sales in 2013? (Daren Blomquist RealtyTrac) Percentage of Pending Inventory that is Distressed by county (C.A.R. data Jan. 2013)
Los Angeles 35% Orange 30% Riverside 48% San Bernardino 44%

FORECLOSURES DOWN, SHORT SALES UP

INSTITUTIONAL INVESTORS IMPACT

Making it harder for traditional buyers No longer just want flips The mighty cap-rate Wall Streets Profit Cycle They desire agent relationships too

INSTITUTIONAL INVESTORS IMPACT

63% of the large investors polled by RealtyTrac bought to buyand-hold

STANDARD SALES ARE BACK!

Not just flips anymore Almost 64% of all sales in CA Move-up buyers Retiring baby-boomers (nearly 10,000 a day turn 65) Post World War II born 1946-1964, 75m will retire in the next 20 years People moving out of California (100,000 more than move here a year)

LETS STAY IN TOUCH

Facebook.com/jacob.swodeck @JakesLadder JacobSwodeck@KW.com