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.
- Confidence about the outlook for the next six months improved in February across all property types.
- The anticipated seasonal uptick in sales in the spring, the positive effect of low mortgage rates, and lower mortgage insurance premium payments underpinned the increased confidence.
- REALTORS® reported a severe inventory shortage in most areas, especially for properties in the lower price range and for those that are move-in ready.
- Although prices have been rising, many homeowners are still reluctant to list as they wait for prices to pick up further to build up more equity.
- About 19 percent of mortgaged properties, mostly lower priced homes, have equity below 20 percent.
See and share an infographic about the February 2015 REALTORS® Confidence Index report.