Realtors See Better Times Really Close/Already Here
May 22, 2009 by admin
Filed under Real Estate Articles
The table shows a recovery in confidence about both the current market and the expected outlook in recent months. A score of less than 50 indicates relatively poor market conditions; the current score of 33.5 for Single Family homes is clearly reflective of current market conditions, and the score of 45 shows continued concern in terms of the market outlook. However, overall confidence for the single family market outlook is improving. Increases in confidence are also apparent for townhouses and condos, but to a significantly lesser degree. The data in graph form are portrayed below. The reason for a weak condo market outlook appears to be due to stringent requirements for condo loans.
Realtors® Confidence Index—Current Conditions
Realtors® Confidence Index—Six Month Outlook
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