Economists' Outlook

Housing stats and analysis from NAR's research experts.

July Regional Vice-Presidential Reports: Region 5 And Region 7 Highlights

Local data is critical to understanding local markets, but real time information is best. Each Survey of REALTOR® Sentiment/ Regional Vice-Presidential Report (RVPR) is a collection of results from NAR's most recent REALTOR® Confidence Index along with commentary from NAR's Regional Vice President for that region. These RVPRs—which reflect data available through July 2011—provide insights into the buzz on the street for each of the regional housing markets.

Region 5
REALTORS® surveyed in Region 5 (Georgia, Florida, Alabama, Mississippi, Virgin Islands, and Puerto Rico) have taken a decidedly optimistic view of the housing market in recent months with 61% expecting an increase in prices over the coming 12 month period.

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Region 7
According to REALTORS® surveyed in Region 7 (Illinois, Indiana, and Wisconsin), only 35% of buyers made a downpayment of 10% or more, whereas the majority, 45%, put down less than 7%. The high 20% downpayment requirement under the QRM proposal could have a strong negative impact in this region.

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To view all of the July 2011 RVP Reports, click here.

Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.

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