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The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey of over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. In addition, the "Questions of the Month," feature results of a timely aspect of the housing market. Jed Smith, Managing Director of Quantitative Research, highlights information from the January 2011 RCI report after the jump.
Realtor® Expectations for the next six months: The latest data from NAR’s Realtors® Confidence Index indicates that expectations about future market performance are on the upswing for all three major residential housing types—single family detached homes, townhouses, and condos. Some of the increase may be due to the normal seasonal upswing after the holiday seasons. The results are also in agreement with projections of continued economic recovery.
To view January 2011's full RCI report, simply click here.
Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.