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.
- With the onset of spring and mortgage rates holding to below 4 percent, the REALTORS® Confidence Index-Current Conditions increased for all property types in March 2015.
- In March 2015, REALTORS® were increasingly more confident about the outlook for all property types in the next six months compared to February and a year ago
- REALTORS® reported that FHA’s and the GSE’s (Fannie Mae and Freddie Mac) financing eligibility regulations continued to make condominium financing difficult to obtain
- REALTORS® reported they were seeing more demand because of the lower downpayment requirement for GSE-backed loans (from 5 percent to 3 percent) and the lower FHA monthly mortgage insurance premium (from 1.35 percent to 0.85 percent starting in January 2015).