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 Lebanon Board of REALTORS® (MO) surged 109% in December compared to the same time a year earlier. This is the second month of year-over-year growth in sales, which bodes well for sales during the normally subdued early spring market.
Steady employment gains coupled with historic record mortgage rates are drawing potential buyers to open houses.
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.