Here is some great information about the housing market in 2011 and what it mean for you
in 2012 if you are looking at buying or selling a home.
Historic Appreciation is 4% Nationally, but was -4% in 2011 * We were 24% currently below the trend line
Current Rate of Depreciation is NOT Sustainable
Gary Keller – “If you go above or below the trend line, there WILL be a correction.”

This is THE Moment in History that rates are at their lowest
NY Times called 2009 the “Golden Age” at 5%…Now as low as 3.87%!
The rates could maybe drop only 1%, if lenders eliminated all profit. Odds of that happening?
If money is a driver of when you buy…
Affordability Index – percent of income needed to pay mortgage
Homes have never been more AFFORDABLE in history of recorded time.
“Why should I buy when prices are down 30%?” Think Price vs Value.
Timing & Patience separates Investors from Speculators

Current Rate of Depreciation is NOT Sustainable
Gary Keller – “If you go above or below the trend line, there WILL be a correction.”

This is THE Moment in History that rates are at their lowest
NY Times called 2009 the “Golden Age” at 5%…Now as low as 3.87%!
The rates could maybe drop only 1%, if lenders eliminated all profit. Odds of that happening?
If money is a driver of when you buy…

Affordability Index – percent of income needed to pay mortgage
Homes have never been more AFFORDABLE in history of recorded time.
“Why should I buy when prices are down 30%?” Think Price vs Value.
Timing & Patience separates Investors from Speculators
Have Perspective. Study History. * Average Home Prices are +77%
Average Monthly Payments are +1%
If you have any questions or would like to see specific data for your particular market,
please let me know and I would be happy to help!
Kyle Pfaffe, REALTOR®
Keller Williams Realty
m: 512-636-9707
e: KylePfaffe@KW.com
w: AustinHomes4You.com