Confidence in Current Residential Markets Up

The REALTORS® Confidence Index is an indicator of housing market strength. Conditions are measured as “strong” (100 points), “moderate” (50 points), and “weak” (0 points). The overall ratings are the averages of responses. A score of 50 is the threshold between a “strong” and a “weak” condition. Realtor® confidence in the market outlook is presented in terms of the current market and the market outlook for the next six months for single family, townhouse, and condo markets.

Single Family Properties: Confidence is Rising—Well Above Moderate.

Townhouse Properties: Confidence Improving–Approaching Moderate.

Condominiums: Confidence Still Relatively Low, But Improving Substantially.

 

Jed Smith, Managing Director, Quantitative Research

Jed Smith is Managing Director, Quantitative Research with the National Association of Realtors®. He has worked on real estate issues for the past 20 years, providing input on a variety of housing, commercial real estate, tax, and planning issues. Recently he has been involved in several international studies.