REALTOR® Confidence Index

The National Association of REALTORS® has just released the results of its survey of 50,000 REALTORS® nationwide regarding local market conditions. The survey results indicated a broad uptick in confidence and market activity. REALTORS® reported more buyer activity in their markets on the heels of lower mortgage rates but not enough inventory to match demand. Inventory was reported as low in most areas, especially for "fresh" and "affordable" listings. A lower than normal level of new construction contributed to the lack of inventory. Looking ahead at the spring market and the increased buying interest, REALTORS® were broadly optimistic about the outlook for the next six months, based largely on the positive effect of low mortgage rates and lower mortgage insurance premium payments.