IAR Legislative Outlook & Market Update

Indiana Association of REALTORS®

IAR  Legisla,ve  Outlook  &  Market  Update  

IAR Legislative Conference Indianapolis, Indiana ¦ January 25, 2011

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Economic Outlook – Unemployment Rate

2011   2012   2013   National Association of REALTORS®

9.5% 9.2% ?

Fannie Mae 9.4% 8.7% 7.8%

Mortgage Bankers

9.5% 8.7% ?

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Economic Outlook – Existing Home Sales

2011   2012   2013   National Association of REALTORS®

6.2% 2.7% ?

Fannie Mae 3.6% 9.8% 3.2%

Mortgage Bankers

-0.9% 15.3% ?

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The Data Warehouse

!  Pulls data every night from every MLS

!  Currently we partner with 26 of the 27 MLSs statewide, representing 98.7% of the market

!   50 + data points on property characteristics

!   Over 1,000,000 listings (and counting) from as far back as 1998

!   Significant Value to REALTORS®

The Data Warehouse !  A  Unique  and  Powerful  resource    

!   Virtually  no  other  states  have  it  !   Real  Time,  Complete,  Comprehensive  data  !   No  one  else  in  Indiana  has  anything  like  it  

!  Why  so  valuable?    !   informaIon  is  power  in  the  legislaIve  arena  !   the  only  statewide  resource  available  

!   the  highest  quality  analysis  is  not  bound  by  tradi2onal  local  board  boundaries    !   uIlizes  state  of  the  art  data  manipulaIon  and  analyIcal  techniques    

The Data Warehouse

!  Micro  level  –  think  legislaIve  districts  

!  Geocoding  in  progress  

!  The  Data  Warehouse  !   posiIons  the  industry  as  the  go  to  source  of  statewide  data  and  analysis    

!   for  the  governor  and  general  assembly  !   for  the  public  !   For  the  media    

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