REALTOR® Confidence Index Archive

Reasons For Purchasing A Home: May 2011 RCI Results

Based on information from the May Realtors® Confidence Index, First-Time Buyers were 36 percent of the total Existing Home Sales market in April, down from 40 percent of the market the previous month. Demographics, the economy, and interest rates...

Appraisals: Still A Problem

Appraisal issues continue to be a problem according to the latest Realtors® Confidence Index Survey. Respondents reported delays, lower sales prices, or cancellations in 35 percent of recent transactions....

Foreclosures: May Be In A Drawdown Mode

Respondents to the recent REALTORS® Confidence Index were asked about their most recent home listing. A foreclosure listing was reported by 9 percent and a short sale listing by 18 percent. Given that foreclosures are currently at the 27 percent...

Buyer Composition: Fewer First Time Buyers, More Investors

First time home buyers have recently declined to 34 percent of the total market of Existing Home Sales, down from a normal 40 percent, according to the most recent REALTORS® Confidence Index. REALTORS® have reported a number of instances...

Cost of Renting a Home Increasing

A number of articles have recently extolled the financial advantages of renting vs. owning a home. Renters are, however, apparently finding that the cost of renting is increasing. Forty-six percent of respondents to the recent REALTORS® Confidence Index reported rental...