Foot traffic provides a strong indication of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings.
Year-over-year foot traffic levels have grown steadily in the area covered by Main Real Estate Information Systems, Inc. Foot traffic rose 27% in February of this year relative to February of last year.
Improvements in employment and consumer confidence coupled with record low mortgage rates are helping to drive steady interest in housing.
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.