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Foot Traffic: Michigan

  • Foot traffic and future home sales have a strong correlation.  SentriLock, LLC. provides NAR Research with monthly data on the number of showings.
  • Year-over-year foot traffic in the area covered by the Paul Bunyan Association of REALTORS® (Cadillac, MI) has grown steadily this year.
  • Compared to the same months in 2011, traffic has been higher in nearly every month of this year and that gap expanded in July as year-over-year traffic increased by 17%.
  • Low mortgage rates and tightening inventories are drawing more potential buyers into the market as confidence in price stability grows.

Ken Fears, Director, Regional Economics and Housing Finance

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.

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