062314a

REALTORS® Confidence Index Survey: May 2014 Highlights

The REALTORS® Confidence Index (RCI) Report provides monthly information about market conditions and expectations, buyer/seller traffic, price trends, buyer profiles, and issues affecting real estate based on data collected in a monthly survey of REALTORS®:  see the May 2014 report at http://www.realtor.org/reports/realtors-confidence-index.

062314aBroadly, the May 2014 survey indicates that REALTOR®  confidence in May concerning current conditions was essentially flat, while registering a slight dip in confidence about the outlook for the next 6 months across all markets. Continued tightness in supply, although improving, difficult credit conditions, and the lackluster growth in income and savings were reported to be constraining sales. Local conditions vary. 

Jed Smith, Managing Director, Quantitative Research

Jed Smith is Managing Director, Quantitative Research with the National Association of Realtors®. He has worked on real estate issues for the past 20 years, providing input on a variety of housing, commercial real estate, tax, and planning issues. Recently he has been involved in several international studies.

More Posts