Buyer demand for residential homes continued to outpace supply in February. The Buyer Traffic Index rose to 64 while the Seller Traffic Index essentially stayed at 39 based on information in the February REALTORS® Confidence Index (RCI) Survey. In … [Read more...]
The Market Pulse Survey: 9 Years in Retrospect
Note: this is the first part of a three-part article on consumers’ views towards home buying and home ownership over a nine-year period. NAR has produced the Market Pulse survey from 2003 through 2011. The survey was uniquely positioned to measure … [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...]
Inventories of Homes Available for Sale Continue to be Tight
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...]
On the Path to Recovery
The strong spring and summer housing markets helped to reduce inventories nationally and the same dynamic has played out in local markets. Somewhat surprisingly, many housing markets that were hardest hit by the housing bust are sharing in the … [Read more...]