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Foot Traffic: Brownsville/South Padre Island Board of REALTORS® (TX)

  • Foot traffic and future home sales have a strong correlation. SentriLock, LLC. provides NAR Research with monthly data on the number of showings.
  • Foot traffic in the area covered by the Brownsville/South Padre Island Board of REALTORS® (TX) has been stronger each of the last six months in 2012 as compared to the corresponding period in 2011.
  • Traffic was 41% stronger in December compared to a year earlier suggesting that home sales will be robust this spring in the Brownsville/South Padre areas.
  • This consistent strength speaks to the impact of record mortgage rates, stable job growth, and the buyer confidence that they are inspiring.

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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