1 Table of contents 106

National Real Estate Insights December 2024

Slide 1		1
Slide 2		2
Slide 3: Federal Funds Interest Rate since 1981 & Economic Interventions by Federal Reserve Bank*		3
Slide 4: Mortgage Interest Rates in 2023-2024 30-Year Conforming Fixed-Rate Loans, Weekly Average Readings*		4
Slide 5: Financial Markets in 2023-2024 Percentage Increases in S&P 500 & Nasdaq since 1/1/23		5
Slide 6		6
Slide 7		7
Slide 8		8
Slide 9		9
Slide 10		10
Slide 11		11
Slide 12		12
Slide 13: U.S. Median Single-Family-Home Sales Price Monthly Market Dynamics & Seasonality since 2019*		13
Slide 14: U.S. Median Single-Family-Home Sales Price Long-Term Market Dynamics, by Month, since 1990*		14
Slide 15: National Home Price Appreciation Percentage Changes, 3rd Quarter Median House Sales Prices*		15
Slide 16: U.S. Median Condo/Co-op Sales Price Market Dynamics & Seasonality since 2019*		16
Slide 17: U.S. Median CONDO/CO-OP Sales Price Long-Term Market Dynamics, by Month, since 2000*		17
Slide 18		18
Slide 19: U.S. Year-over-Year Appreciation Rates since 1990 Y-o-Y Change in Annual Median HOUSE Sales Price*		19
Slide 20: National Existing-Home Sales by U.S. Region House, Condo & Co-op Sales, November 2024*		20
Slide 21: U.S. Median Existing-Home Sales Price Longer-Term Market Dynamics, by Region, since 1999*		21
Slide 22		22
Slide 23: National Home Sales by Price Segment House, Condo & Co-op Sales, November 2024*		23
Slide 24		24
Slide 25		25
Slide 26		26
Slide 27		27
Slide 28: U.S. Median Days on Market – Speed of Sale National Market Dynamics & Seasonality since 2011*		28
Slide 29: U.S. Percentage of All-Cash Buyers National Market Dynamics since 2015, by Month*		29
Slide 30: U.S. Average Number of Offers Received Market Dynamics & Seasonality, by Month, since 2016*		30
Slide 31: U.S. Percentage of Sales with First-Time Buyers National Market Dynamics since 2010**		31
Slide 32: Percentage of Buyers: Non-Primary Residence* National Market Dynamics since 2016		32
Slide 33: U.S. Percentage of Distressed Home Sales Foreclosures & Short Sales as % of Total Sales, by Month, since 2009*		33
Slide 34		34
Slide 35: New Listings Coming on Market* National Market Dynamics & Seasonality		35
Slide 36: U.S. New Listings Coming on Market National Market Dynamics since 2017, 12-Month Rolling Average		36
Slide 37: U.S. Annual New-Listing Volume Number of New Listings Coming on Market by Year, since 2017*		37
Slide 38: U.S. Active Listings For Sale Market Dynamics & Seasonality since 2017		38
Slide 39: U.S. Average Monthly Number of Active Listings Annual Average Monthly Listing Inventory since 2017*		39
Slide 40: U.S. Active Inventory of Homes for Sale 12-Month-Rolling Average, Long-Term Trends, since 2000*		40
Slide 41: U.S. Pending Listings by Month* Market Dynamics & Seasonality since 2018		41
Slide 42: U.S. Pending-Sale Ratio* Market Dynamics & Seasonality since 2016		42
Slide 43: U.S. Monthly Home Sales Volume Market Dynamics & Seasonality since 2020*		43
Slide 44		44
Slide 45: U.S. Existing-Home Sales Longer-Term Market Dynamics since 2000*		45
Slide 46: Months Supply of Inventory (MSI) National Market Dynamics since 2019*		46
Slide 47: U.S. Months Supply of Inventory (MSI) 12-Month-Rolling Average, Long-Term Trends, since 2000*		47
Slide 48: U.S. Price Reductions on Active Listings National Market Dynamics & Seasonality since 2018		48
Slide 49		49
Slide 50: Mortgage Interest Rates, Long-Term Trends since 1976 30-Year Conforming Fixed-Rate Loans, Weekly Average Readings		50
Slide 51: Mortgage Interest Rates since Early 2023 30-Year Fixed-Rate Loans, Daily Average Readings*		51
Slide 52: 30-Year, Fixed-Rate, JUMBO Mortgage Index* Optimal Blue Mortgage Market Index since 2018		52
Slide 53: S&P 500 Stock Market Index Market Trends since 2014		53
Slide 54: Nasdaq Composite Index January 1995 to 2024 YTD		54
Slide 55		55
Slide 56		56
Slide 57: Consumer Sentiment (Confidence) Index* University of Michigan, since 1978		57
Slide 58		58
Slide 59: National Unemployment Rate Since January 2000, Percentages by Month*		59
Slide 60: Homeowner’s Equity U.S. Residential Real Estate Since 1980, in Billions of Dollars		60
Slide 61		61
Slide 62: U.S. Housing Affordability since 1989 Principal & Interest Payment as % of Median Family Income*		62
Slide 63: U.S. Homeowner’s Insurance Premiums Change in Cost since 2016*		63
Slide 64		64
Slide 65		65
Slide 66		66
Slide 67: “Seriously Delinquent” Mortgage Debt 90+ Day Delinquency, Percentage by Quarter since 2006*		67
Slide 68		68
Slide 69: Home Price Appreciation* vs. Rental Cost Appreciation** Since 1980, per National Indices		69
Slide 70: “Serious Delinquency” Rate on U.S. Credit Card Debt 90+ Day Delinquency, Percentage by Quarter since 2006*		70
Slide 71: Federal Debt Since 1980, in Millions of Dollars		71
Slide 72: Federal Debt Interest Payments, Annualized Rate 1990 – Present, in Billions of Dollars, by Quarter		72
Slide 73: Rental Vacancy Rate Long-Term Trends, by Quarter since 1980*		73
Slide 74		74
Slide 75		75
Slide 76		76
Slide 77		77
Slide 78: New Home Construction: Units Authorized, But Not Started National Number in Thousands of Units, by Month, since 2000*		78
Slide 79		79
Slide 80: U.S. New-Construction Housing Units Started Thousands of Units, Seasonally Adjusted Annual Rate, since 1970*		80
Slide 81: U.S. New-Construction Single-Family-Homes For Sale By Month, in Thousands of Units, since 2000*		81
Slide 82: U.S. New-Construction Single-Family Home Sales By Month, in Thousands of Units, since 2000*		82
Slide 83		83
Slide 84		84
Slide 85		85
Slide 86		86
Slide 87		87
Slide 88		88
Slide 89		89
Slide 90		90
Slide 91		91
Slide 92: State Population Changes since the Pandemic Hit U.S. Census Estimates: April 2020 to July 1, 2023*		92
Slide 93		93
Slide 94		94
Slide 95		95
Slide 96		96
Slide 97: National Population by Age Segment U.S. Census Estimates, 2020 – 2023, as of July 1st of Each Year		97
Slide 98		98
Slide 99		99
Slide 100: United States Population Breakdown Estimates by Race/Ancestry*		100
Slide 101: Percentage of U.S. Homeowners by Age U.S. Census Estimates, 2022*		101
Slide 102		102
Slide 103: National Homeownership Rate Long-Term Trends, by Quarter since 1965*		103
Slide 104: National Household Size Number of Households by HH Size*		104
Slide 105		105
Slide 106		106

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