Let's Look at the Bright Side & the Real Facts!

•A Recession is a terrible thing to waste – this is when Millionaires are created!

•We are hear to be motivation coaches
o We must encourage our clients and at the same time educate them to live within their means
o 30% of all homeowners own their home free and clear
o Of the other 70%, 96.7% of them are NOT in foreclosure

•You must know your local market because Real Estate is Local!
o 3 states carried the majority of this real estate depression: California, Florida and Michigan
o CA had a 16 month inventory that is now 6 months – ppl are buying up inventory
o Las Vegas was one of the worst cities for foreclosures
o Even towns within the OBX can vary from being up, down or stable - FORECLOSURE ONLY MADE UP 20% OF ALL OBX SALES FOR 2009'S 2ND QUARTER!

•We all are getting a better perspective and this will lead to a healthier economy in the long run
o Is our current dilemma not being able to get a home equity to buy a flat screen?

•All markets are cyclical and will have valleys and mountains
o Experienced a recession in the 70’s, 80’s and 90’s – and there will be more highs and lows to come
o Great Depression
 Dow down 98%; Dow now down 51%
 24% unemployment (only based on the fact that males were employed); now 8% unemployment including males and females

•So much more opportunity now
o Rates are at 20 year lows – 6% high rates vs. 18% rates of Great Depresssion no comparison!
o Home prices are at 30 year lows in comparison to income
o Inventory is way up, so you can now easily find the perfect home

•We are now getting back to sustainable homeownership
o Buyers are thinking long term again
o Taking pride in ownership again
o Having reasonable down payment money is a good thing
o Huge opportunity for 1st Time Homebuyers