Real Estate Insights: Foot Traffic
Every month SentriLock, LLC. provides NAR with data on the number of properties shown by a REALTOR®. SentriLock Lockboxes are used in roughly a third of home showings across the nation. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three months into the future. Ken Fears, former Director of Housing Finance and Regional Economics and now Senior Policy Representative, Data Analytics, talks with us about the index in this episode.