The document summarizes 10 market facts in uncertain economic times: 1) The economy is growing slowly; 2) Private sector jobs are increasing but consumer confidence remains low; 3) Mortgage rates are at generational lows; 4) National home prices are stabilizing; 5) Economists expect small annual home price increases over the next few years; 6) Recent mortgage delinquencies are high but newer loans are performing well. Long-term, homeowners build more wealth than renters.

1. Market Facts in Uncertain Times NAR Research September 2010

3. Fact 1: The Economy is Growing, though Slowly GDP annualized % growth rate

4. Fact 2: The Private Sector is Finally Creating Some Jobs (Government jobs were not included since many could be temporary from stimulus measures) Monthly Net Private Payroll Job Changes in Thousands

5. Fact 3: Consumer Confidence Remains Low, though Clearly Off Bottom Index by The Conference Board

6. Fact 4: The 30-year Mortgage Rate is at Generational Lows (A very accommodative Federal Reserve monetary policy helping, but for how long?)

7. Fact 5: National Median Home Price Stabilizing (Combination of price change and type of homes that are selling)

8. Fact 6: Other Home Price Measurements Are Also Showing Price Stabilization

9. Fact 7: Home Price-to-Income Ratio Have Returned to Fundamentally Justifiable Levels Source: NAR

12. Source: : Federal Reserve Median Family Net Worth Fact 10: Long-Term Path to Self Reliance may be Helped from Long-Term Housing Wealth Gains (2010 data to be published in 2012 by the Federal Reserve) Renters Homeowners