The REALTORS® Confidence Index (RCI) Report provides monthly information about market conditions and expectations, buyer/seller traffic, price trends, buyer profiles, and issues affecting real estate based on data collected in a monthly survey of REALTORS®: see the May 2014 report at http://www.realtor.org/reports/realtors-confidence-index.
Broadly, the May 2014 survey indicates that REALTOR® confidence in May concerning current conditions was essentially flat, while registering a slight dip in confidence about the outlook for the next 6 months across all markets. Continued tightness in supply, although improving, difficult credit conditions, and the lackluster growth in income and savings were reported to be constraining sales. Local conditions vary.
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