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Foot Traffic: Somerset-Lake Cumberland Board of REALTORS®

  • Foot traffic can give a strong indication 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 Somerset-Lake Cumberland Board of REALTORS® (Somerset, KY) surged in April of 2013 before easing in May.
  • The Somerset area has low traffic volume which makes it susceptible to volatile statistics, but the traffic trend has been strong this spring.
  • Traffic last summer was very strong and low mortgage rates and steady job growth should help to sustain the strength through the summer, but traffic may be down from last July.

Ken Fears, Manager, Regional Economics and Housing Finance Policy

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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