Foot traffic and future home sales have a strong correlation. SentriLock, LLC. provides NAR Research with monthly data on the number of showings.
Foot traffic in the area covered by the Metropolitan Indianapolis Board of REALTORS® for February extended the year-over-year gain in foot traffic from January. Traffic figures for February were 63% stronger than a year ago and marked the 9th consecutive year-over-year gain in buyer interest.
Steadily improving employment conditions, record low mortgage rates and moderate weather have helped to fuel strong interest in the early spring market.
Ken Fears is the Manager of Regional Economics and Housing Finance Policy. He focuses on regional and local market trends found in the Local Market Reports and the Market Watch Reports . He also writes on developments in the mortgage industry and foreclosures.