REALTORS®: Six-Month Single Family Home Outlook “Moderate”

REALTORS’® confidence about the outlook for the next six months for single-family homes is still generally “moderate” in many states, according to the September  REALTORS® Confidence Index Survey: http://www.realtor.org/reports/realtors-confidence-index 

The graphs below show a measure of REALTORS’® confidence for the single family residential market on a state-by-state basis.[1]  An index above 50 indicates that there are more respondents who viewed their markets as “strong” or “moderate” compared to those who view them as “weak.” The higher the index, the more respondents there are with “moderate” or “strong” outlook. 

Many states had an index greater than 50, the highest in North Dakota and the District of Columbia, states with strong economic and job growth. 

REALTORS® Confidence Index: Outlook in Next Six Months for Single-Family Homes Based on July 2014-September 2014 RCI Surveys

Posted in Economist Commentaries, by Scholastica (Gay) Cororaton, Research Economist on October 28, 2014

Source