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10 Market Facts for Uncertain Times (Simple Version)

Real Estate Broker/Owner with Deaton Group Realty

10 Market Facts for Uncertain Times

NAR September 2010

Although the economy is soft and consumer confidence remains low, new data from the National Association of REALTORS® shows positive signs for the future. To help interpret current economic data and address clients' concerns, here are 10 key facts to understand about today's market.

1. The economy is growing, though slowly.
2. The private sector is finally creating some jobs.
3. Consumer confidence remains low, though clearly off bottom.
4. The 30-year mortgage rate is at generational lows.

30 Year Mortgage Rate

5. The national median-home price is stabilizing.
6. Other home-price measurements also are showing price stabilization.
7. Home price-to-income ratios have returned to fundamentally justifiable levels.
8. Economists expect price increases in upcoming years
9. Delinquencies are high but recent loan originations are performing well.
10. The long-term path to self reliance may be helped from long-term housing-wealth gains.

This information was provided by the National Association of REALTORS, and shows that there are positive actions taking place in the national economy and concerning the housing market.

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Ralph Gorgoglione
Metro Life Homes - Palm Springs, CA
California and Hawaii Real Estate (310) 497-9407

I am starting to see signs myself of exactly what you have posted here.

I have some faith in our current administration to be able to catch up with the many years of neglect.

Sep 28, 2010 03:11 PM
Krista Lombardi
Prudential Calfornia Realty - San Diego, CA

Everything seems better than fall of 2008, that was frightening

Sep 28, 2010 03:12 PM
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Consumer confidence is on the rise!  Once people show a stronger sign of going back to work this real estate market will burst wide open!

Feb 14, 2011 06:56 PM