According to a monthly survey of Realtors, market conditions are still good, though not as strong as before. The survey – which measures confidence in the current market and expectations for the future – provides monthly information about buyer/seller traffic, price trends, buyer profiles, and issues affecting the real-estate market. Despite little change in overall perception from October to November, Realtor confidence in the market for single-family homes over the next six months jumped four points, rising to 64 from 60 in October. The survey is scored so that any number above 50 indicates moderate market conditions. According to respondents, buyer traffic slowed in late autumn but is expected to pick up now that the holidays are over and the spring-selling season is only a few months away. Also in the report, a seasonal slowdown in home prices combined with steady mortgage rates and rising incomes has lead to a slight boost in affordability, though the overall trend remains down. More here.
Tag Archive for perception
Realtor Report Finds Optimistic Outlook
Americans’ View Of Economy On The Mend
Gallup’s Economic Confidence Index is based on Americans’ current perception of economic conditions and whether they feel the economy is getting better or worse. Since tracking began in 2008, the index has reflected a generally negative view of the economy and where it was headed. Americans’ economic outlook hadn’t even entered positive territory until late May of this year. And, after that, public perception began to decline again, getting significantly worse during October’s government shutdown. But over the past five weeks, Americans’ confidence has been back on the rise. The index has improved by 15 points since mid-October. And, though it hasn’t returned to the peaks of early summer, it is on track to end 2013 better than it has been in, at least, six years. More here.
