(Taken from my recent Point2Technologies newsletter.)
How we calculate the Real Estate Confidence Index ...
Each month, Point2 surveys its members across North America to get a sense for how real estate professionals feel about their current and future market conditions.
Because Point2 Agent includes many thousands of subscribers, from every U.S. state and every Canadian province, the Real Estate Confidence Index survey gathers data from disparate areas and across many different types of markets.
Respondents are asked to rate, on a scale of 1 to 10, how confident they are in their current market, in their market in the next 3-6 months(near term), and in their market in the next 12-18 months(long term). Respondents are also given the option to add comments. Responses are purely subjective.
Once these responses are gathered, a statistical mean on the 1-10 scale is derived, and this becomes the current Real Estate Confidence Index.
Point2 typically receives more than 3,000 respondents in the U.S., covering every U.S. state, Puerto Rico and Guam. While the sample size used to determine the Real Estate Confidence Index tends to be statistically valid, it is important to note that the Real Estate Confidence Index is a purely subjective survey, and is in no way intended to be an accurate reflection of current market conditions. This survey is based on the opinions of real estate professionals across the country.
Feel free to browse my Point2Homes website at www.FindaHomeToledo.com for FREE MLS searches and loads of info.
Click on the box to view specific states. Click on the black arrows for past monthly data.
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Dee Nofziger is a full time, residential real estate agent in the North Coast of Ohio, more commonly known as Toledo and Northwest Ohio. She serves the real estate needs of home owners and home buyers in Lucas, Wood, Fulton, and Ottawa Counties, among others. With nearly 3000 days of experience (she really does work 7 days a week) in Ohio real estate, Dee Nofziger is proudly licensed with Danberry Company Realtors, Northwest Ohio's largest independent real estate company. With professional relationships all over the country, Dee Nofziger is able to refer you to real estate professionals in your area who will make your home buying or selling experience the best you can imagine!
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