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.
- REALTORS® reported more buyer activity in their markets on the heels of lower mortgage rates but not not enough inventory to match demand.
- Local markets broadly picked up across all property types in January 2015 compared to December 2014, although activity was more modest. compared to a year ago.
- Problems facing potential home buyers included modest income growth, weak credit and income profiles, and in the case of condominium buyers, projects not meeting eligibility guidelines for borrowers to obtain FHA/VA or conventional financing.
- REALTORS® in states adversely affected by the harsh winter (e.g., MA, PA, and IL) reported market slowdowns.
- Looking ahead at the spring market and the increased buying interest, REALTORS® were broadly more optimistic about the outlook for the next six months.