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Buyer demand was on the upswing in March 2014 with the onset of the spring season, according to the latest REALTORS® Confidence Index. The REALTORS® Buyer Traffic Index notched up to 63, while the Seller Traffic Index stayed about at 42. Demand was softer compared to a year ago as buyers faced higher prices and the continued difficulty in getting a mortgage. An index of 50 indicates “moderate” traffic conditions [1].
[1] The index is constructed from a survey of REALTORS® reporting on whether they perceive traffic as “weak”, “moderate”, or “strong.”
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