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...]
Commercial Rentals and Sales
Approximately three to four percent of REALTORS® report a commercial rental every month. On an annual basis, this would be in the neighborhood of 175,000 rental transactions per year. In addition, approximately three percent of REALTORS® report a … [Read more...]
Increasing REALTOR® Optimism Reported in January
The REALTORS® Confidence Index (RCI) Report provides monthly information about expectations for overall market conditions, buyer/seller traffic, price, buyer profiles, and issues affecting real estate. REALTORS® in the January report generally … [Read more...]
Mortgage Credit Lags Consumer Credit Recovery
Consumer credit has been recovering, but mortgage lending continues to lag. Data from the Federal Reserve Board shows that consumer credit debt is now higher than it was before the recession, while mortgage debt continues to decline. Based on … [Read more...]
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