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REALTOR® confidence in current market conditions dipped in April 2014 compared to March 2014, according to the latest REALTORS® Confidence Index. Many REALTORS® reported problems with “tight financing” and “extremely low inventory,” and some reported the lingering negative effects of the unusually harsh winter on spring sales (IN, NC, VA, NJ).
Confidence about the outlook for the next six months also edged down in April. REALTORS® remained concerned about the low levels of inventory, difficult credit conditions, and in some states the effect of higher property taxes (TX) and the uncertainty about flood insurance regulation and costs (FL, NH, HI).
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