REALTORS’® Confident About the 6-Month Outlook Improved in April 2015

In April 2015, more REALTORS® were confident about the outlook for all property types in the next six months than they were in March and a year ago[1], according to the April 2015 REALTORS® Confidence Index Survey. The April 2015 report is based on the responses of 2,012 REALTORS® about local market conditions in April.

For the third month in a row, the index rose above 50 for all property types. An index greater than 50 indicates that the number of respondents with “strong” outlook outnumbered those with “weak” outlook. In the single family market, the REALTORS®  Confidence Index Six-month Outlook  rose to 76 (75 in  March 2015; 68 in April 2014).  The index for townhomes rose to 58 (56 in March 2015; 49 in April 2014), while the index for condominiums increased to 52 (51 in March 2015; 46 in April 2014).

The seasonal uptick in market activity during spring and summer, low interest rates and a sustained growth in jobs, and recent measures to lower the cost of borrowing and  make credit more available (e.g, lower FHA mortgage insurance, 3 percent down-payment for GSE-backed loans) are likely underpinning the improved market confidence.

6 month outlook


[1] Respondents were asked “What are your expectations for the housing market over the next six months compared to the current state of the market in the neighborhood(s) or area(s) where you make most of your sales?”

 

Please contact us  to help you to sell your home and find the home of your dreams!  We specialize in Laguna Beach, Newport Beach, Dana Point, San Clemente and our inland coastal communities.

Make it a great day!

Jeff

rm logo

 

Your Name (required)

Your Email (required)

Subject

Your Message

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
captcha

Leave a Reply

Your email address will not be published. Required fields are marked *