Realtors Confidence Index shows continued upswing

The Realtors Confidence Index for US home sales has shown an improving market outlook through 2011.

The National Association of Realtors conducts a monthly study on Realtors’ outlooks about the housing market. The index for the South – including Florida - has increased from 25.1 in December 2010 to 33.3 in December 2011.

2012 has started off with a significant amount of good news, says NAR Chief Economist Lawrence Yun. Existing home sales are up from a year ago. Pending sales (contract signings) are up. Inventory stock of homes available for sale has declined. And housing affordability continues at record high levels.

Posted: 30 January 2012
Source: Florida Realtors
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