Although the economy is struggling and many consumers aren’t very confident, new data from the National Association of REALTORS® shows positive signs for the future. Here are 10 key facts from NAR to help you better understand 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.
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.

If you have any questions about the market, please contact me and I would be more than happy to help you understand.

-Orly