NAR publishes Top Ten Market Facts for Uncertain Times

Posted on 09/18/10 No Comments

Recently revamped Fayetteville Street in Downtown Raleigh
The Web site for The National Association of Realtors, of which we are members, is a great resource for industry professionals. But it’s also helpful for potential home buyers or sellers like yourself to peruse for market facts, insight and just general stuff you may not have known about our industry.

For example, the site recently published a fact-based look into the economy from the perspective of the real estate industry. It’s short, but highlights a base line of information to which most people considering a move should lend credibility. It lists the Top Ten Market Facts for Uncertain Times, which is a summation of a larger report also available on the site. They are:

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.

We are very fortunate in the Triangle, as our market tends to enter slow periods later and come out of them earlier. While it’s true some corners of our market are realizing tough times, the majority of the region has stayed above the national pace in terms of home value, primarily because of its overall quality of life. For example, in list a published last month, Kiplinger named Raleigh one of its Top Ten “Great Cities for Raising a Family.” See what we mean?

So take some time to poke around on and if we can help you with anything in regard to the site, please let us know.

Post a Comment

Your email is never published or shared. Required fields are marked *