REALTORS®  were increasingly more confident about the outlook for all property types in the next six months, according to the March 2015 REALTORS® Confidence Index Survey.

For the second month in a row, the index rose above 50 for all property types.  In the single family market, the REALTORS®  Confidence Index - Six-month Outlook  stayed at 75 (75 in  February  2015; 69 in March 2014).  The index for townhomes rose to 56 (55 in February 2015; 51 in March 2014), while the index for condominiums increased to 51 (50 in February 2015; 49 in March 2014).  An index greater than 50 indicates that the number of respondents with “strong” outlook outnumbered those with “weak” outlook.

The seasonal uptick in market activity during spring and summer, low interest rates, and recent measures to help first-time homebuyers such as the lowering of FHA mortgage premiums and down payment requirement for GSE-backed loans appear to be increasing interest from first-time homebuyers.

6 month

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.