Foot traffic provides a strong indication of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Foot traffic during February in the area covered by the Dyer County Board of REALTORS® (TN) outpaced … [Read more...]
State Median Price Expectation for Next 12 Months
REALTORS® generally expect to see improving prices for the next 12 months, according to the January REALTORS® Confidence Index. The graph below shows the state median price expectation of respondents to the January 2013 survey. Several states in the … [Read more...]
Diffusion Index of Foot Traffic: February 2013
Every month SentriLock, LLC. provides NAR Research with data on the number of properties shown by a REALTOR®. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three … [Read more...]
Demand for Properties Expanding Faster than Supply
Based on responses to the January RCI survey, the Buyer Traffic Index rose to 63, while the Seller Traffic Index continued to register at 38 in January. In many areas of the country, REALTORS® reported low inventory levels. Tight inventory … [Read more...]
Environmentally Friendly Features
Commuting costs and environmental efficiency have increasingly factored into home buying decisions due to higher energy costs, but also due to overall concern for the environment. Factors that are most important to buyers are those directly related … [Read more...]
Distressed Sales Down
Foreclosed property in January was reported as selling at a 20 percent discount, while short sale properties sold at a 12 percent average discount according to the January REALTORS® Confidence Index. Approximately 24 percent of sales were distressed … [Read more...]
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