Market Outlook in the Next Six Months for Single Family Homes

REALTORS® who responded to the monthly RCI survey were still generally optimistic about conditions in their local markets for single family homes in the next six months, according to the August REALTORS® Confidence Index Survey.

The map shows by state the outlook of respondents regarding the market for single family homes in the next six months, based on data from the June-August 2014 surveys [1]. Except for a few states (blue), respondents reported strong markets. REALTOR® respondents from Texas and North Dakota, which are experiencing strong economic and employment growth, were the most upbeat.

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[1] An index greater than 50 indicates that the number of respondents who had a “strong” outlook outnumbered the respondents who had a “weak” outlook for the next 12 months. The higher the index, the more respondents there are with “strong outlook” who outnumber those who view market conditions to be “weak” in the next 12 months. Three months of data are used to generate enough data points for all states.

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.

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Comments
  1. Debra

    I guess the Alaska REALTORS who are doing actual business were too busy to take the survey. Alaska has a pretty good, steady market and has had while others did not

  2. Uncle Zev

    A sampling of data of this magnitude is as telling as trying to determine the ambient temperature of the ocean by sampling a few beaches. The telltale should be the actual activity measured my lending, building, and permits for both residential and commercial. This is a far better measurement of consumer confidence. IMHO.