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REALTORS® Confidence Index
The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. In addition, the "Questions of the Month," feature results of a timely aspect of the housing market.
April Highlights:
The RCI April survey points to a real estate market that is headed for stronger gains in the coming months. The REALTORS® Confidence Index-Current Conditions, the RCI-Six-Month Outlook, and the Buyer Traffic Index all rose strongly in April. Respondents generally reported rising prices and shorter days on the market. However, inventory shortages and tight credit conditions remained as major threats to the broader and sustained recovery of the real estate market.