What do REALTORS® From Across The Country Think?

By
Real Estate Attorney MA 9505496/Broker

January 2014 REALTORS® Confidence Index Report Just Released

 

The National Association of REALTORS® (NAR) (the guys who warn consumers that "not all real estate agents are REALTORS®) just released the January 2014 edition of The REALTORS® Confidence Index (RCI) Report, which provides monthly information about market conditions and expectations, buyer/seller traffic, price trends, buyer profiles, and issues affecting the real estate industry based on information gathered from over 3,300 REALTORS® from across the country.

The survey provides an overview of what is really happening based on information from the professionals who deal with real estate every day.  This information goes directly to the public, the press, Congress, the Administration, and other governmental branches and helps to inform REALTOR® members, the media and policy makers about current issues facing REALTORS® and their communities. 

The January data indicates that the year started off at a modest pace of expansion compared to the heated recovery in 2012 through mid 2013. The extreme winter weather was reported to have negatively affected sales particularly in the East Coast and Midwest. But across many states, a major factor reported by REALTORS® that is impeding sales is the low inventory of available properties. Another problem is the tight access to credit; there are reports that self-employed individuals have a tough time obtaining mortgages. The uncertainty regarding flood insurance premiums has also stalled demand in coastal areas. NAR estimates that flood insurance issues impacted approximately 40,000 sales during the October 2013-January 2014 time frame. Most REALTORS® expect prices to continue rising albeit at a modest pace. The rental market has remained strong with rents continuing to increase.

It goes without saying that all real estate is local: conditions in specific markets may vary from the overall national trends presented in this report.

To access the RCI report for January 2014, please click here.

 

 

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Comments (11)

Potranco Realty
Potranco Realty - San Antonio, TX
"Sold with Potranco Realty"

Martin, great over view on markets trends throughout the country. Markets do vary in different regions, cities, neighborhoods and one shouldn't believe in overall National Trends. It's wise to have their local professional educate them on local trends in my opinion. Great blog post

Oct 04, 2014 11:41 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

It's very interesting that I've never gotten to survey on a national scale. Great thinking!

Nov 05, 2014 03:54 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I've decided to follow you. May we have some adventures ahead that are really interesting!

Nov 05, 2014 03:55 PM
Martin E. Kalisker, Esq.
Natick, MA
Real Estate Law From A Practical Perspective

well, it only took 9 months for my post to be discovered!  But thank you Bob and Laura for finding it and commenting.

Nov 06, 2014 08:26 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Martin Kalisker Would like to see some more posts. What going on in Brookline?

Feb 08, 2015 12:17 AM
Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

Well, I am following you, too.  And, sometimes it takes a while to get the ball rolling.  Commenting helps others find you, too.  Thanks for yours, Martin. 

Feb 23, 2015 03:44 AM
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Good share Martin.  I work in several different markets around the country and find low inventory to be an issue in nearly all of them.  Credit has loosened some, I think a bigger problem is the general public doesn't know it's loosened so they don't even try.

Mar 18, 2015 05:59 AM
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Haha I just saw the date on this post, I missed that it was 2014 and not 2015!  Hope to see some new blogs from you soon Martin!

Mar 18, 2015 06:00 AM
Larry Lawfer
YourStories Realty Group - Newton, MA
"I listen for a living." It's all about you.

Martin Kalisker I, too, read this report. I like knowing national trends so that I can interpret them for my local clients.  Not all agents are created equal, that is why we have Standards committies. I look forward to our first meeting.

Mar 30, 2015 08:34 PM
Kristin Hamilton CA REALTOR
Berkshire Hathaway California Realty - Beaumont, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Martin Kalisker 

Great information and I look forward to more information from your blog. Love your profile picture with 2 adorable pups.

Apr 12, 2015 07:01 AM
Elyse Berman, PA
LoKation Real Estate - Boca Raton, FL
Boca Raton FL (561) 716-7824

Martin Kalisker I happened by your blog via Liz Wallace and had to stop by because I loved the photo of your dogs!  They are adorable.  In contrast, the bad weather fueled our market.  Prices are up and inventory is down.  I'm hoping for a more evened out market.  Wishing you a good spring!

Apr 17, 2015 07:11 PM