Annette  Lawrence , Palm Harbor, FL 727-420-4041, Making FLORIDA Real Estate EZ  (ReMax Realtec Group)

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Rainmaker
565,039
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Useless. They're using a metric that doesn't apply to an individual situation.

Mar 13, 2018 08:05 AM
Rainmaker
944,392
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

This kind of information doesn't make any sense to me.  How can you determine how fast a person / family can save?  It depends on so many factors. 

Mar 13, 2018 07:57 AM
Rainmaker
2,880,060
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Very general and not particularly "helpful" to anyone except as a reference point. Nothing "wrong" with it per se. 

Mar 13, 2018 07:57 AM
Rainmaker
1,067,656
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Interesting factoid that reinforces Cali as an expensive place to live (second compared to Hawaii)... but as a state we all know that already.  LOL!  Interesting from a statistics point, but as others have said there are too many factors involved for people's specific cases.

Mar 13, 2018 09:29 AM
Rainmaker
173,642
Andy Brown-Climer School of Real Estate
Climer School of Real Estate - Orlando, FL
The Leader in Real Estate Education!

Wow! Very eye opening. According to the US government, most people have $0 saved.

Florida is 5.38 years. In central Florida, a nice starter 3/2 is about $200,000 to $250,000. FHA is 3.5% down.

This equates to $7,000 to $8,750. If a person or family was able to save $100 a month, this would take them 60 months (or 5 years) to 87.5 months (or 7.3 years). 

Mar 13, 2018 08:41 AM
Rainmaker
2,645,359
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Useless for me. So many exceptions!

Mar 13, 2018 08:19 AM
Rainmaker
2,387,705
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

It's a metric... a map in and of itself might not be useful, but information provided "around" the metric could be very useful to a buyer. If used in social media, could be a conversation opener.

Mar 13, 2018 10:39 AM
Rainmaker
648,429
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

No use to me except for practicing the names and locations of all 50 states.

Mar 13, 2018 09:14 AM
Rainmaker
929,537
Corinne Guest
Barrington Realty Company - Barrington, IL
The Choice of Professionals for Luxury Home Buying

Might give people a general idea but when any buyer gets serious they want real numbers. 10% useful.

Mar 13, 2018 09:12 AM
Rainmaker
3,723,321
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Annette,

Who know what lurks in an agent's mind?  At first glance, it is an attractive map.  Useful to a consummer, maybe as useless cocktail party talk!  A

Mar 13, 2018 08:47 AM
Rainer
43,375
Steve Penner
Royal LePage / Moneyledgers Software - Winnipeg, MB
REALTOR / Owner of Moneyledgers

Not of high value.. but suppose for those considering a transfer or investing... this could provide some interest, as an indication of "affordability" for that market in general. 

Mar 13, 2018 08:36 AM
Rainmaker
831,338
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

I totally agree with Candice A. Donofrio .

Mar 14, 2018 04:28 AM
Rainmaker
591,011
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I would not use it.

Mar 13, 2018 06:39 PM
Rainmaker
4,598,770
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Very little if any value. I would not use it.

Mar 13, 2018 08:27 AM
Rainmaker
1,155,620
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

I have had clients from when I started real estate that earns a little over median income and are still broke!

Mar 13, 2018 08:07 AM
Rainmaker
356,505
Diana Dahlberg
1 MONTH REALTY - Kenosha, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

There are so many variables that go into the ability to "Save" money for a down payment - or anything else for that matter.  But the map could be useful for generalization of a buyer's timeline for saving money for their DP.

Mar 13, 2018 08:01 AM
Rainmaker
35,656
Jordan Ayan
The Lifestyle Collection - Scottsdale, AZ
Luxury Market Expert, CLHMS,Million Dollar Guild

This is a very cool map - Depending on the state you are in there are a variety of ways you could use it promotionally, to coach young renters about buying, target people in the orange states to move to yours. Just top of mind thoughts.

Mar 13, 2018 07:57 AM
Rainmaker
654,843
Diana Zaccaro
Tropical Realty Beachside power by eXp - Cocoa Beach, FL
Your Brevard County, Florida coastal connection!

There are too many variables with this...home prices change, median icome fluctuates, assumptions are made that may or may not be valid. I would not use it as it is misleading but to each his own.

Mar 13, 2018 08:52 PM
Ambassador
3,662,593
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

It is wrong and don't where this data came from. It would be totally discouraging to any prospective home purchaser.

Mar 13, 2018 06:58 PM
Rainmaker
2,584,659
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I do not find it useful for citizen or agent ... many have already outlined the reasons why in their comments. 

Mar 13, 2018 06:02 PM
Ambassador
3,389,539
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Yes, people in Florida, Oregon and California should move to Wisconsin and become homeowners more than 6 times faster!

Mar 13, 2018 12:45 PM
Ambassador
3,990,144
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Annette Lawrence , Palm Harbor, FL 727-420-4041 - Repeat answer from Candice A. Donofrio.

Mar 13, 2018 09:19 PM
Ambassador
2,051,678
Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     Our median price is in the low 200K.   That means 6000 down on a 97% loan.  That's only $100 per month saved?  How serious are these people about buying a house?  Get a second job.  Cut out the TV cable, Panera, mow your own lawn, etc. and pile up that money!

Mar 13, 2018 11:38 AM
Rainmaker
405,818
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

It does a good job of relating the cost of homes in an area to the median income for the area. I don't think it helps me. It may help a buyer who is looking to purchase & has a choice of what state they want to move to.

Mar 13, 2018 11:30 AM
Rainmaker
62,263
Denise Samouilidis
Mirsky Realty Group - Palm Beach Gardens, FL
Jupiter Abacoa Sales & Beach Front Luxury Homes

I'm in the process of getting my Ohio real estate license and work in Florida. That map would come into play with a great sales script. Living in Florida, it's kind of depressing so I'm not sure I would utilize it here.

Mar 13, 2018 11:16 AM
Rainmaker
2,267,607
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

There is no formula for life as all things are possible. It takes what it takes when it takes it & that is amplified here in America who encourages all this

Mar 13, 2018 10:57 AM
Rainmaker
4,260,094
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

I wouldn't use that map..... it's defeating!!!

Mar 13, 2018 10:48 AM
Rainer
149,025
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

I do believe it is nice to have, but there is too many variables that would influence each particular individual. I think something more focused on your focus/target market would be more useful.

I like seeing the KCM on the graphic, but it really makes me cringe seeing Z there as well. 

Mar 13, 2018 09:23 AM
Rainmaker
3,758
Alexander Jerome
KW Peterson & Associates - Birmingham, MI
Real estate agent serving southeast Michigan

The map is just a tool. It can be helpful if you display it correctly. For me, I might use it in a blog post regarding average home prices. The map can be a visual to compare average home price vs average salary around the country. Also, could discuss % of renters vs home owners. I wouldn’t base my post around the map, but would certainly use it within an interesting article.

Mar 16, 2018 04:34 AM
Rainmaker
343,044
PropertyMinder (AccelerAgent)
PropertyMinder, Inc. - San Jose, CA
Modern Tools for the Modern Agent

I second what Carol Williams said! - Tim 

Mar 14, 2018 04:58 PM
Rainmaker
556,558
Carla Freund
Keller Williams Preferred Realty - Apex, NC
Raleigh - Cary Triangle Real Estate 919-602-8489

I think it is interesting to see this map as a whole. There's more to the story and in some areas it may depend on location. In NC, there are price differences depending on area you're in. Plus, there are some areas you can get 100% financing so no need to save. 

Mar 14, 2018 08:17 AM
Rainmaker
4,246,747
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It is of passing interest to me.

Mar 14, 2018 07:04 AM
Rainmaker
2,637,403
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

For a consumer, each one is different depending on their job and debt. For real estte agents, it is a nice too tool for those in the states that have a low number as i already see many relcoations from those states with high numbers 

Mar 14, 2018 05:22 AM
Rainmaker
2,926,422
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Michael Jacobs nailed this one!

Mar 14, 2018 05:18 AM
Rainmaker
3,583,263
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

No use to me at all and a wasre of time and money

Mar 13, 2018 04:41 PM
Ambassador
1,905,569
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Who produced the map I wonder?

Mar 13, 2018 02:45 PM
Rainmaker
462,511
Dan Tabit
Northstone Real Estate Inc. - Sammamish, WA

If it gives you a reason to contact a client, it's fine. Is is something most would find useful, probably not. 

Mar 13, 2018 01:09 PM
Rainmaker
119,321
Terri Woods
Bexar and Comal Counties - San Antonio, TX
Selling Real Estate in San Antonio, Texas & Area

I like it. It is a visual that gets people thinking and planning. Of course, each area is unique in price, however, that is why they hire professionals like us!

This would be especially useful for first-time homebuyers. It is a talking point.

Mar 13, 2018 12:46 PM
Rainmaker
1,157,792
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Annette Lawrence , Palm Harbor, FL 727-420-4041 I think your comment on Andy Brown-Climer School of Real Estate comment is the best way to get the message out to potential buyers. 

Mar 13, 2018 10:18 AM
Rainmaker
1,372,220
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Area Real Estate

I think that it tells an agent what states are most affordable but I'm not sure that a consumer gets it. I'm not sure it's a good idea - in some states it seems hopeless. There is also the HPI (??) Index I think.

Mar 13, 2018 08:41 AM
Rainmaker
1,708,315
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Marketing is perception, when you'rewriting 250 posts per year , you can have an off day .

Mar 13, 2018 08:34 AM
Rainmaker
3,994,926
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Mar 13, 2018 08:14 AM
Rainmaker
369,306
David Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality

They could use it promotionally but these maps are created by those companies selling infographics and other market info to agents so its not geared to be LOCAL info at all Annette Lawrence , Palm Harbor, FL 727-420-4041 

Mar 18, 2018 08:02 AM
Rainmaker
1,346,308
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

Interesting. 6-7 years for CA sounds close for average salary. 

Mar 16, 2018 01:35 PM