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May 2011 RCI Results: Member Confidence In The Market

  • Based on information from the May Realtors® Confidence Index, Realtor® confidence in the outlook for real estate markets dropped slightly in April but was still well above the lows experienced in 2010. The lowest readings are in Condos and Townhouses.
  • The confidence level for single family homes is approaching 40, with a reading of 50 representing moderately strong confidence.
  • Employment trends have major impacts on home sales, and the labor markets have been in a slow but positive recovery in recent months. Accordingly, we would expect to see some improvement in forthcoming months.

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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.

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Comments
  1. Ann Trandai

    Hello Jed,
    I am a NAR member. I watched the video cliff on your interview about International Market. I would not find the “Profile of International Home Buying Activities” anywhere under the research. Can you please help me with the link or send me the copy of the report. I am in Chicago. I really appreciate your help.
    Many thanks.
    Regards,
    Ann Trandai
    1-847-219-9707

  2. T.J. Doyle, Marketing & Communications Manager

    Ann, the new International Home Buyer report can be found here:
    http://www.realtor.org/research/research/reportsintl