Keller Williams Realty - Loveland Colorado

Even in the face of some markets down swings, the economy is gaining traction. The GDP rose 3.2 percent in the first quarter. This is a major signal that sustained gains are likely in the near future.

First-time home buyers held 44% of nationwide existing home sales. This is good news as more of the mortgages that may have been underwater have been sold.

Other indicators are telling us that stability is ahead as well. Median home price for existing properties have risen 0.4 percent over last year and 3.6 percent from February. Mortgage rates are also anticipated to rise 1 to 1.5 percent by the end of 2010.

The two main factors that are hindering a full and robust recovery are unemployment and the number of foreclosures that must still be worked through.

Source: KWRI/This month in real estate

Related:
> Jobs update: Good News
> Real estate recovery coming in the near future