Foot traffic provides a strong indication of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings.
Foot traffic in November in the area covered by the Lake Martin Area Association of REALTORS® (Alexander, AL) outpaced the level of foot traffic from a year ago. November was the fourth consecutive month in which year-over-year foot traffic was stronger.
Sub-3.5% mortgage rates, strong price growth, and soft, but steady employment growth is drawing fence sitters into the 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.