Foot traffic can provide great insight into the direction of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings.
Foot traffic in the area covered by the St. Thomas Board of REALTORS® was roughly even in August with the same time a year earlier. Traffic had been relatively slow for May and June but has increased in an atypical late-summer spurt of strength.
Job stability and low mortgage rates have given buyer confidence a boost this year.
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.