The indexes for buyer and seller traffic, based on information in the Realtors® Confidence Index, have been relatively constant for the past 5 months, probably reflecting current economic conditions. Economists continue to predict continued recovery of the economy, and if the recovery is accompanied with additional net job creation in excess of approximately 125,000 jobs per month on average, then we should see some pickup in the housing markets. At this time job creation is the major issue for most of the American public: modest economic growth without significant job creation does not appear to help the large number of people currently unemployed.
