REALTOR® Confidence Index Archive

Distressed Real Estate: Discounts From Market

Information from the REALTORS® Confidence Index sheds light on the negative impact of distressed sales on price. Foreclosures have tended to sell for 20 percent below market, and short sales have had discounts in the 15 percent range. Distressed...

Current Residential Market Trends: RCI Update

The August 2011 Realtors® Confidence Index survey reports that housing market indicators were basically unchanged in August: Distressed property sales continued in the low 30 percent range, moving from 29 percent of residential sales in July to 31 percent...

Investment Properties Attract 4.1 Percent Of First-Time Buyers

The first half of the year, the economy progressed at a weak pace—0.4 percent in the first quarter and 1.3 percent in the second. Real estate markets mirrored this trend, with soft residential sales and slowing commercial fundamentals. However,...

10% Of First-time Buyers Purchased Home With Cash

In July, existing home sales declined from the previous month, maintaining a soft pace. Contract cancellations and delays were partly responsible. With banks retaining tight underwriting standards, many buyers find their mortgage application declined. In addition, appraised values are...

REALTOR® Confidence In Home Sales Markets Basically Constant

Reports in the media about the state of the Existing Home Sales (EHS) markets sometimes approach the heading of “Scarelines” rather than “Headlines”. Given that all real estate is local, some markets are actually performing well, some are performing...