Share
Confidence about the residential real estate sales outlook for the next six months broadly improved in November 2014: REALTORS® Confidence Index Survey, http://www.realtor.org/reports/realtors-confidence-index. An improving jobs market, the 30-year mortgage rate at approximately 4 percent, and higher inventories of available homes for sale may have accounted for the rebound in positive market expectations for sales of single family homes.
Expectations about the market for townhomes and condominiums also improved but were still somewhat weak (index below 50). REALTORS® continued to report about the difficulty of obtaining FHA financing for condominiums, typically the entry point for homeownership.
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.