In this advanced Excel tutorial, I explore how to leverage Excel's Scenario Manager to forecast the impact of changing interest rates on house prices, an idea sparked by real estate expert Barbara Corcoran.

Starting with naming ranges, I walk through the process of calculating the potential change in the purchase price of a house using actual market data from Metro Atlanta as of April 2024. I then show how to create different scenarios reflecting various interest rate drops to assess how they might influence housing demand and pricing.

This tutorial highlights the practicality of distinguishing between input and dependent cells. Additionally, I discuss the crucial elements of PITI (Principal, Interest, Taxes, and Insurance) in understanding mortgage payments and point out other additional costs like PMI and HOA fees.

I wrap up by demonstrating how to summarize these scenarios on a new worksheet, providing a detailed analysis of how adjustments in interest rates could affect home pricing, down payments, and monthly mortgage payments. This video forms part of my comprehensive Microsoft Excel training course.

Chapters/Bookmarks
00:00 Introduction Setting Up the Scenario: House Pricing and Interest Rates
00:36 Exploring Excel's Advanced Feature: Scenario Manager
02:12 Step-by-Step Guide to Creating Scenario Manager
05:08 Analyzing Different Housing Market Scenarios
08:41 Understanding the Impact of PITI on Mortgage Calculations
09:43 Generating a Scenario Summary for In-depth Analysis
10:57 Conclusion and Additional Resources

Barbara Corcoran from Shark Tank discussing mortgage rates and home prices
https://www.foxbusiness.com/real-esta...
https://finance.yahoo.com/news/barbar...

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