United Texas: Housing Initiatives that Work

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United Texas Housing Initiatives that Work


The Texas Affordable Housing Specialist
Certification is approved and endorsed by the
Texas Association of REALTORS. This
certification is not affiliated with or endorsed
by the National Association of REALTORS.
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United Texas Housing Initiatives that Work
Texas Veterans Land Board
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United Texas Housing Initiatives that Work
Giving Texas REALTORS the know-how to help more
Texans become proud homeowners.
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Course objectives

• Provide information to Texas REALTORS about
  state assistance programs that help make
  homeownership affordable and sustainable
• Provide contacts for state-specific programs
• Increase awareness amongst Texas REALTORS of
  programs and incentives
• Help Texas REALTORS work toward the goal of
  increasing homeownership in Texas
• Help homeowners achieve sustainable homeownership
• Help ensure that Texas REALTORS provide sound
  real estate advice

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Texas Association of REALTORS

• This course and workbook represent a valuable
  guide to housing opportunity programs in Texas.

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Texas Affordable Housing Specialist (TAHS)

• United Texas is the cornerstone of the TAHS
  certification
• TAHS specialists are noted in member profiles on
  TexasRealEstate.com
• TexasRealEstate.com has free resources and
  marketing materials
• 22 of the 30 fee for the I Am A Texas REALTOR
  license plate is donated to the Texas
  Association of REALTORS Housing Opportunity
  Fund

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TexasRealtors.com
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Consumer marketing flier
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TxHomePrograms.org
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KeepMyTexasHome.org
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KeepMyTexasHome.org

• Explains the foreclosure process
• Outlines actions to take
• Provides a search for short sale and foreclosure
  specialists
• Answers common questions
• Gives information for renters in foreclosure
• Includes a glossary of terms
• Provides additional resources

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US foreclosures
Source RealtyTrac.com - March 2015
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The US economy

• National unemployment 5.4
• 1 in every 1,082 homes in the US is in
  foreclosure proceedings (some stage)
• Top 5 foreclosure states
• Florida
• Illinois
• New Jersey
• Maryland
• Nevada

Source RealtyTrac.com March 2015
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Texas foreclosures
Texas 1 in every 1760 Top 5 CountiesJohnson 1
in every 816 Bell 1 in every 850 Wilson 1 in
every 929 Kaufman 1 in every 935 Coryell 1 in
every 942
Source RealtyTrac.com March 2015
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Texas stats

• Homes for sale 53,040
• Median list price 180,000 (up 1 from
  February 2014)
• Foreclosures 1 in every 1,760
• Median foreclosure price 96,300

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Income employment

• 2014 Texas median income 97,500
• 2014 US median income 84,500
• 2014 Texas unemployment rate 4.2
• 2014 US unemployment rate 5.4

Source Bureau of Labor Statistics
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Texas sales

• September 2014 24,702
• September 2013 23,013
• September 2012 19,269

Source RECenter.TAMU.edu
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Pluses for buyers

• Historic low interest rates
• Short sale and foreclosure inventory provide
  investment opportunities for buyers and investors
  to rehab housing
• A variety of home choices
• Possible financing programs and incentives
• Lower interest rates and stable prices mean a
  good investment opportunity
• Texas REALTORS can help buyers achieve a
  conservative housing scenario that will work with
  and not harm their financial situation.

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First-time buyers

• Are more loyal and appreciative
• Provide word-of-mouth referrals
• Build equity
• - increase their own personal wealth, and
• - positively impact the economy
• Relay their experience to others
• Move up the housing ladder and continue to buy
  from you!

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Thank you for participating in todays webinar.

• Well take a few questions
• then have closing remarks from our committee
  chair.
• Contact - glang_at_texasrealtors.com