Submit Feedback
Member Login
Print Article
Email ArticleRECI – The forward looking Real Estate Confidence Index survey released by Point2 Technologies Inc. is looking your opinion. In around 60 seconds, you can share your view and opinion on your local area market conditions with other REALTORS® around the country. Today, 11/09/2009, is the last day that the survey will be open, so complete the survey before it is too late.
The results of the September 2009 survey can be found at http://RealEstateConfidenceIndex.com. The data, presented as an Index aims to paint a picture of how REALTORS® feel the market will look like 3-6 months and 12-18 months out. It’s the only ‘forward looking’ market Index we know of that presents data on a State by State basis and does not use mathematical projections but is rather built based on the opinions of those who know their market best.
The RECI tracks Current market sentiment, Short-Term (3 – 6 months) Optimism/Pessimism and Long-Term (12 – 18 months) Optimism/Pessimism of real estate professionals in the United States. The median across all three time periods represents the forward looking Index measure for the month.
Septembers results show that the current sentiment of real estate professionals in the United States averaged 5.06 on a seasonally adjusted basis, up from 4.96 in August. The change represents a 2 percent improvement in confidence across the country. However, the forward looking Short Term (3 – 6 months) Optimism Pessimism reading came in at 5.70, slipping 1.7 percent.
Nearly 2,500 real estate professionals across the United States contributed to the Real Estate Confidence Index in September.
For more details about this survey or its results, go to: http://RealEstateConfidenceIndex.com
To participate in the survey for October 2009, complete the survey here, before November 10th, 2009.
Word of the Day
Ask the Experts
Question of the Day
Featured Authors
Browse All Authors
All Articles
Member Login
Join RealTown
Request Password
Comments
Comment by: Regina Cordell
- Nov 9, 2009 3:36:58 PMI believe this is interesting, although each market is different we are seeing almost the same thing happen in each neighborhood some worse than others but the concerns are the same with each buyer. I feel we will never see the market increase as it had 2003 to 2005. I think the market will increase but it will be a few years before we see much. I am completing the survey and I am interested to see the results!
Comment by: Caol Reagan
- Nov 12, 2009 4:28:17 PMI think the real estate market will get better as more people go back to work. I am also hopeful that the interest rates will stay down. Of equal concern is the speculative investor who drives the value of property up to the point that the market cannot support the increase in prices.
Post a Comment