- Foot traffic and future home sales have a strong correlation. SentriLock, LLC. provides NAR Research with monthly data on the number of showings.
- Foot traffic in the area covered by the Marshalltown Board of REALTORS® (IA) rose 2% over the 12-month period ending in July of 2013. This increase in year-over-year traffic was the 4th consecutive, but marked a steady decline from the heady spring levels. The decline was exacerbated by the sharp increase in traffic last July.
- The sharp rise in mortgage rates is not likely to have a significant impact in this market as home prices are relatively low. Employment growth would have a more meaningful impact.
