The unemployment rate has fell over the 12-month period ending in September of 2011, in the majority of the 154 markets monitored by NAR Research. The largest decline occurred in Farmington, New Mexico, where the unemployment fell from 9.1% to 6.5% … [Read more...]
Local Market Reports: Employment Improvement
Employment is important for making a home purchase and job loss is one of the main triggers of foreclosure. Rising employment helps to build consumer confidence and to ameliorate distress among homeowners. Over the 12-month period ending in October, … [Read more...]
Foot Traffic: Lake Martin Area Association of REALTORS® (Alexander, AL)
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 in November in the area covered by the Lake Martin Area Association of REALTORS® … [Read more...]
Foot Traffic: Coronado Association of REALTORS® (San Diego, CA)
Foot traffic can provide great insight into the direction of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Foot traffic in the area covered by the Coronado Association of REALTORS® (San Diego, … [Read more...]
Unrealistically Low Appraisal Values in Up Markets a Problem
Each month, the National Association of REALTORS® obtains up-to-date and on-the-ground incisive comments from REALTORS® who participate in the REALTORS® Confidence Index (RCI) survey. The RCI survey tracks expectations about overall market … [Read more...]
Diffusion Index of Foot Traffic
Every month SentriLock, LLC. provides NAR Research with data on the number of showings. 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 months into the … [Read more...]
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