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REALTORS® Confidence Index July

Apr 05, 2018

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  • 7/31/2019 REALTORS Confidence Index July

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    1

    RCAGVMRZ JMIE@FCIJC @IFCTRcxmrv aif Larocv Msvgmmo

    Ksgp 2812 Cf`v`miBazcf mi Fava Jmggcjvcf Ksgp 2: Ksgp :8' 2812

    IAR Bs`gf`in' ^azd`invmi'F)J)' gmmo`in vm~arfz vdc Jax`vmg

    IAV@MIAG AZZMJ@AV@MI ME RCAGVMRZRczcarjd Fcxarvlciv

    Ga~rcijc Psi' Zci`mr U`jc Xrcz`fciv aif Jd`ce Cjmiml`zv

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    Vabgc me Jmivcivz

    ZsllarpRcag Czvavc Larocvz Jmiv`isc vm Rcjmucr)) ):

    RCAGVMRZ Jmie`fcijc @ifct; Jsrrciv Jmif`v`miz):

    RCAGVMRZ Jmie`fcijc @ifct; Z`t Lmivd Msvgmmo6

    Zcjv`mi 1; Larocv Jmif`v`miz

    Z`ingc Eal`gp Xrmxcrv`cz)))5Vm~idmszc Xrmxcrv`cz)))))))>Jmifm Xrmxcrv`cz))))))>C`ndvp,e`uc Xcrjciv Ctxcjv Jmizvaiv mr D`ndcr Rcz`fciv`ag Xr`jcz `i vdc Ictv 12 Lmivdz))4Bspcr Vraee`j Jmiv`iscz vm Msvxajc Zcggcr Vraee`j)0Vd`rvp,Vdrcc Xcrjciv me Dmszcz Zmgf `i Mic Lmivd )))))0F`zvrczzcf Zagcz Jmiv`iscf vm Fcjg`ic `i Larocv Zdarc18F`zvrczzcf Rcag CzvavcBcgm~ Larocv Xr`jcz11Xrmxcrvp Jmif`v`mi Aeecjvz Zcgg`in Xr`jc me F`zvrczzcf Xrmxcrv`cz11

    Zcjv`mi 2; Bspcr aif Zcggcr Jdarajvcr`zv`jz

    Jazd Zagcz; 2> Xcrjciv me Rcz`fciv`ag Zagcz)1:E`rzv V`lc Bspcrz; :6 Xcrjciv me Rcz fciv`ag Bspcrz 1:Rcgmjav`mi Bspcrz; 13 Xcrjciv me Rcz`fciv`ag Larocv)))16Rcz`fciv`ag Zagcz vm @iuczvmrz; 15 Xcrjciv me Rcz`fciv`ag Larocv 16Zcjmif Dmlc Xsrjdazcz; 11 Xcrjciv me Rcz`fciv`ag Larocv13Lmrvnanc Fm~i Xaplcivz)15RCAGVMRZ Jmiv`isc vm Rcxmrv R`z`in Rcivz emr Rcz`fciv`ag Xrmxcrv`cz )))15@ivcriav`miag Vraizajv miz ; V~m Xcrjciv me Rcz`fciv`ag Larocv))1>

    Zcjv`mi :; Jsrrciv @zzscz

    Axxra`zagzA Jmiv`is`in Xrmbgcl14V`ndv Jrcf`v Jmif`v`miz)14

    Zcjv`mi 6; Rcjciv IAR Arv`jgcz

    Dmlc Xr`jc SxfavcGa~rcijc Psi))28Gm~ Ravcz' Bsv ^dm Jai Ncv Vdcl=Oci Ecarz)))22RCAGVMRZ JmllcivzKcf Zl`vd)))))26

    RRAGVMRZ Jmllcrj`ag Larocvz La`iva`i Lmlcivsl `i Zcjmif Qsarvcr 2812Ncmrnc Rav`s23

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    :

    ZSLLARP

    Rcag Czvavc Larocvz Jmiv`isc vm RcjmucrNap Jmrmravmi aif Kcf Zl`vd

    VdcRCAGVMRZ Jmie`fcijc @ifct $RJ@) rcxmrv xrmu`fcz lmivdgp `iemrlav`mi

    xcrva`i`in vm ctxcjvav`miz abmsv mucragg larocv jmif`v`miz' bspcr-zcggcr vraee`j' xr`jc' bspcrxrme`gcz' aif `zzscz aeecjv`in rcag czvavc Vdc Ksgp cf`v`mi `z bazcf mi rczxmizcz me mucr :'688RCAGVMRZ vm a zsrucp jmifsjvcf fsr`in Ksic 23Ksgp :8' 28121 Agg rcag czvavc `z gmjag;jmif`v`miz `i zxcj`e`j larocvz lap uarp erml vdc mucragg iav`miag vrcifz xrczcivcf `i vd`z rcxmrv

    Vdc RCAGVMRZ jsrrciv jmie`fcijc `ifct fcjg`icf zg`ndvgp `i Ksgp cuci az vdc gcucg mect`zv`in dmlc zagcz aif xr`jcz zdm~cf ai minm`in rcjmucrp Bazcf mi rczxmifcivz jmllcivz'zcucrag eajvmrz axxcar vm bc jmizvra`i`in vdc rcjmucrp RCAGVMRZ rcxmrvcf vdav bspcrzjmiv`iscf vm eajc v`ndv lmrvnanc zvaifarfz' a zvr`inciv aif zgm~ baio axxrmuag xrmjczz' gm~axxra`zag uagscz' gm~ `iucivmrp rcgav`uc vm fclaif' aif lsgv`,b`ff`in z`vsav`miz `i zmlc jazczZcggcrz ~crc rcxmrvcf az rcgsjvaiv vm g`zv av vdc ic~ imrlag gcucg me xr`jcz' aif `i aff`v`mi' imv

    cimsnd baio,m~icf `iucivmrp `z bc`in rcgcazcf vm rcg`cuc vdc v`ndv zsxxgp Vdcrc jmiv`iscz vmbc a jmijcri vdav a b`n rcgcazc me zdafm~ `iucivmrp jmsgf fcxrczz xr`jcz `i vdc esvsrc

    Vdc Jsrrciv Jmif`v`miz Jmie`fcijc @ifct fcjg`icf `i Ksgp emr agg vpxcz me rcz`fciv`agxrmxcrvp aevcr a zsrnc carg`cr `i vdc pcar Zv`gg' vdc RJ@,ZE $z`ingc eal`gp) jsrrciv `ifct `z av368 ~d`jd lcaiz vdav ctxcjvav`miz arc zg`ndvgp abmuc lmfcravc $ai `ifct

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    Xr`jcz jmiv`iscf vm dmgf sx ~`vd 56 xcrjciv me RCAGVMRZ rcxmrv`in jmizvaiv mr`ijrcaz`in xr`jcz jmlxarcf vm vdc zalc v`lc a pcar anm? 43 xcrjciv me RCAGVMRZ ctxcjvjmizvaiv mr r`z`in xr`jcz `i vdc ictv 12 lmivdz

    Bspcr vraee`j vaxcrcf mee `i Ksgp ' bsv ~az zv`gg abmuc lmfcravc' av 35? lcai~d`gc' zcggcrvraee`j `ifct ~az bcgm~ lmfcravc av 6' rczsgv`in `i a gm~ `iucivmrp gcucg rcgav`uc vm fclaif

    Vdc xcrjcivanc me RCAGVMRZ rcxmrv`in f`zvrczzcf $emrcjgmzcf aif zdmrv zagcz) xrmxcrvpzagcz ~az av 26# ' jmlxarcf vm axxrmt`lavcgp a vd`rf a pcar anm

    Larocv Msvgmmo

    Vdc Z`t,Lmivd Msvgmmo Jmie`fcijc @ifct emr agg xrmxcrvp vpxcz ecgg `i Ksgp Dm~cucr'vdc z`ingc eal`gp `ifct zv`gg rcegcjvz abmuc lmfcravc ctxcjvav`miz emr vdc f`rcjv`mi me vd`zzcnlciv me vdc larocv `i vdc ictv 5 lmivdz $ai `ifct me 38 `if`javcz lmfcravc ctxcjvav`miz)

    IARz gavczv xrmkcjvz jmiv`iscf `ijrcazcz `i rcz`fciv`ag zagcz agmin ~`vd jmiv`iscf xr`jc`lxrmuclciv $agvdmsnd zagcz aif xr`jc vrcifz ~`gg uarp erml larocv vm larocv) Ct`zv`in dmlczagcz arc xrmkcjvcf vm ctxaif vm 65: l`gg`mi `i 2812 $ 3 l`gg`mi `i 281:) ~d gc vdc lcf`ai xr`jcemr ct`zv`in dmlc zagcz z emrcjazvcf av d`v &1>:'888 `i 2812 $ &142'888 `i 281:) Vdc emrcjazv `zbazcf mi ai cjmimlp ctxcjvcf vm nrm~ av 2 xcrjciv `i 2812 $20 xcrjciv `i 281:)' ~d`jd jaijrcavc 13 l`gg`mi kmbz `i 2812 $2:l`gg`mi kmbz `i 281:) _Zcc emrcjazv mi IAR Rczcarjd avdvvx;--~~~rcagvmrmrn-z`vcz-fceasgv-e`gcz-rcxmrvz-2812-clbarnmcz-2812,85,xdz,

    a3523a36ce6j6c852>664b5:c1:>a6a0-emrcjazv,84,2812,sz,cjmiml`j,msvgmmo,xrczcivav`mi,zg`fcz,85,25,2812xfe)

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    Ksgp 2812 RCAGVMRZ Jmie`fcijc @ifct

    Z`t,Lmivd Msvgmmo

    ZE VD Jmifm

    ZE; 35 VD; :4 Jmifm :2

    http://www.realtor.org/sites/default/files/reports/2012/embargoes/2012-06-phs-a5625a54ef4c4e0627448b63e137a4a9/forecast-08-2012-us-economic-outlook-presentation-slides-06-26-2012.pdfhttp://www.realtor.org/sites/default/files/reports/2012/embargoes/2012-06-phs-a5625a54ef4c4e0627448b63e137a4a9/forecast-08-2012-us-economic-outlook-presentation-slides-06-26-2012.pdfhttp://www.realtor.org/sites/default/files/reports/2012/embargoes/2012-06-phs-a5625a54ef4c4e0627448b63e137a4a9/forecast-08-2012-us-economic-outlook-presentation-slides-06-26-2012.pdfhttp://www.realtor.org/sites/default/files/reports/2012/embargoes/2012-06-phs-a5625a54ef4c4e0627448b63e137a4a9/forecast-08-2012-us-economic-outlook-presentation-slides-06-26-2012.pdfhttp://www.realtor.org/sites/default/files/reports/2012/embargoes/2012-06-phs-a5625a54ef4c4e0627448b63e137a4a9/forecast-08-2012-us-economic-outlook-presentation-slides-06-26-2012.pdfhttp://www.realtor.org/sites/default/files/reports/2012/embargoes/2012-06-phs-a5625a54ef4c4e0627448b63e137a4a9/forecast-08-2012-us-economic-outlook-presentation-slides-06-26-2012.pdfhttp://www.realtor.org/sites/default/files/reports/2012/embargoes/2012-06-phs-a5625a54ef4c4e0627448b63e137a4a9/forecast-08-2012-us-economic-outlook-presentation-slides-06-26-2012.pdfhttp://www.realtor.org/sites/default/files/reports/2012/embargoes/2012-06-phs-a5625a54ef4c4e0627448b63e137a4a9/forecast-08-2012-us-economic-outlook-presentation-slides-06-26-2012.pdfhttp://www.realtor.org/sites/default/files/reports/2012/embargoes/2012-06-phs-a5625a54ef4c4e0627448b63e137a4a9/forecast-08-2012-us-economic-outlook-presentation-slides-06-26-2012.pdfhttp://www.realtor.org/sites/default/files/reports/2012/embargoes/2012-06-phs-a5625a54ef4c4e0627448b63e137a4a9/forecast-08-2012-us-economic-outlook-presentation-slides-06-26-2012.pdfhttp://www.realtor.org/sites/default/files/reports/2012/embargoes/2012-06-phs-a5625a54ef4c4e0627448b63e137a4a9/forecast-08-2012-us-economic-outlook-presentation-slides-06-26-2012.pdf
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    Cjmiml`j Eajvmrz Aeecjv`in vdc Dmsz`in Larocv

    Zdafm~ `iucivmrp `z zv`gg d`nd' bsv `v `z abmsv 1 l`gg`mi ec~cr vdai v~m pcarz anm aif `zaiv`j`xavcf vm zvcaf`gp f`l`i`zd mucr v`lc Vdc eagg`in zdarc me f`zvrczzcf xrmxcrv`cz mucrv`lc lap gcaf vm a d`ndcr lcf`ai xr`jc emr agg dmlcz

    Dmsz`in zvarvz arc xrmkcjv vm r`zc bp 23# `i 2812 emggm~cf bp a 38# kslx `i 281: Vd`z ~`gggcaf vm ic~ dmlc zagcz zsrxazz`in 588'888 bp 281:

    Kmb ncicrav`mi daz bcci f`zaxxm`iv`in' ~`vd vdc siclxgmplciv ravc av 42# `i Ksic

    Vdc zgm~fm~i `i cjmiml`j nrm~vd czxcj`aggp `i vdc Csrm jmsivr`cz aif vdc xmzz`b`g`vp mercjczz`mi `i Csrmxc rcla`i xmvciv`ag xrmbgclz

    Vdc xmvciv`aggp afucrzc cjmiml`j ceecjv mevdc e`zjag jg`ee$ctx`rav`mi me Bszd vat jsvz aiflaifavcf zxcif`in jsvz `i vdc abzcijc me gcn`zgav`uc ajv`mi) `z agzm a xmg`v`jag az ~cgg az aicjmiml`j `zzsc Xrmkcjv`miz arc bazcf mi lsffg`in vdrmsnd vdc xrmbgcl)

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    Ct`zv`in Dmlc Zagcz; Ajvsag aif Emrcjazv

    Msvgmmo emr 2812; 6)5: L`gg`mi Dmlc Zagcz

    V~cguc Lmivd Rmgg Emrcjazv

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    Lcf`ai Xr`jc Emrcjazv

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    5

    ^dav Fmcz Vd`z Lcai Emr RCAGVMRZ=

    Jmlxarcf vm a pcar anm vdc rcag czvavc larocvz jmiv`isc vm rcjmucr `i vcrlz me zagcz aifxr`jc agvdmsnd vdc RCAGVMRZ Jmie`fcijc @ifctcz dauc fcjg`icf zg`ndvgp' xmzz`bgp az a rczsgvme fcjrcazcf aua`gabgc `iucivmr`cz aif ai sijcrva`i cjmiml`j msvgmmo Vdc lakmr `zzscz r`ndvim~ arc lmrvnanc aua`gab`g`vp aif axxra`zagz @ivcrczv ravcz jmiv`isc vm bc rcazmiabgc Vdclakmr jgmsf mucrdain`in vdc cjmimlp `z vdc bsfncvarp-e`zjag jg`ee `zzsc

    @) Larocv Jmif`v`miz

    RCAGVMRZ Jmie`fcijc @ifct Frmxz `i Ksgp

    VdcRCAGVMRZ Jmie`fcijc @ifct $RJ@) `z ai `if`javmr me dmsz`in larocv zvrcinvd bazcfmi a lmivdgp zsrucp zciv vm mucr 38'888 rcag czvavc xrajv`v`micrz Rczxmifcivz `if`javc ~dcvdcrjmif`v`miz arc' mr arc ctxcjvcf vm bc "zvrmin" $188 xm`ivz)' "lmfcravc" $38 xm`ivz)' aif "~cao" $8xm`ivz) A zjmrc me 38 emr vdc `ifct `z vdc vdrczdmgfbcv~cci zvrmin" aif ~cao jmif`v`mizVdc RCAGVMRZ Jmie`fcijc @ifctcz rcegcjv jsrrciv larocv jmif`v`miz aif ctxcjvav`miz emr

    vdc ictv z`t lmivdz emr z`ingc eal`gp' vm~idmszc' aif jmifm larocvz

    Vdc RJ@ `ifctcz ecgg ajrmzz agg larocvz `i Ksgp' agvdmsnd vdc `ifctcz emr z`ingc eal`gpxrmxcrvp rcla`iz abmuc lmfcravc Almin vdc eajvmrz lciv`micf bp RCAGVMRZ az afucrzcgpaeecjv`in vdc rcag czvavc larocvz arc sircag`zv`j axxra`zagz' f`ee`jsgv`cz `i ncvv`in lmrvnancz' aifg`l`vcf aua`gab`g`vp me `iucivmrp `i zmlc larocvz

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    Jmie`fcijc @ifctJsrrciv aif Z`t Lmivd Msvgmmo; Z`ingc Eal`gp Xrmxcrv cz

    Jsrrciv Jmie`fcijc Jmie`fcijc i Msvgmmo

    Jsrrciv; 36 Msvgmmo; 35

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    RCAGVMRZ Jmiv`iscf vm Rcxmrv Jmizvaiv mr D`ndcr Xr`jcz mi Rcjciv Vraizajv`miz

    Jmlxarcf vm a Pcar Anm

    Dmlc xr`jcz jmiv`isc vm e`rl sx az fclaif `z rcxmrvcf vm bc `ijrcaz`in eazvcr vdai

    zsxxgp Emr vdc jsrrciv zsrucp' 56 xcrjciv me rczxmifcivz vm vdcRJ@rcxmrvcf jmizvaiv xr`jcz $20xcrjciv) mr r`z`in xr jcz $:3 xcrjciv) Abmsv 6 xcrjciv rcxmrvcf zcc`in xr`jc `ijrcazcz me 18xcrjciv mr lmrc Vd`z `z jmiz`zvciv ~`vd vdc r`z`in lcf`ai xr`jc me ct`zv`in dmlc zagcz' ~d`jdIAR rcxmrvcf az r`z`in vm & 140'688 `i Ksic erml & 148':88 `i Lap

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    Jsrrciv Jmie`fcijc Jmie`fcijc i Msvgmmo

    Jsrrciv; :3 Msvgmmo; :4

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    Jsrrciv Jmie`fcijc Jmie`fcijc i Msvgmmo

    Jsrrciv; 24)0 Msvgmmo; :2

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    4

    C`ndvp,e`uc Xcrjciv me Rczxmif`in RCAGVMRZ Ctxcjv Jmizvaiv mr D`ndcr Rcz`fciv`ag

    Xr`jcz `i vdc Ictv 12 Lmivdz)

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    `izcjsr`vp $mic RCAGVMR rcxmrvcf dau`in 6 jg`civz ~dm gmzv vdc`r kmbz!) Lcai~d`gc' vdczcggcr vraee`j ifct daz rcla`icf rcgav`ucgp jmizvaiv Xmvciv`ag zcggcrz axxcar vm bc dmgf`in bajoerml g`zv`in vdc`r xrmxcrv`cz' xmzz`bgp zv`gg rcjmucr`in erml vdc dmsz`in larocv me vdc NrcavRcjczz`mi

    Vd`rvp,Vdrcc Xcrjciv me Dmszcz Zmgf `i Mic Lmivd

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    xcrjciv erml :8 xcrjciv a pcar anm

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    28128

    >

    @ifctcz me Bspcr aif Zcggcr Vraee`j emr Ksgp 2812

    Bspcr Vraee`j Zcggcr Vraee`j

    Bspcr; 35 Zcggcr; 61

    ::#

    16#12#

    0#5# 3#

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    0#

    8#

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    :3#

    71 lm 1,2 lm 2,: lm :,6 lm 6,3 lm 3,5 lm 5,0 lm 0,12 lm 9

  • 7/31/2019 REALTORS Confidence Index July

    10/26

    18

    F`zvrczzcf Zagcz Jmiv`iscf vm Fcjg`ic `i Larocv Zdarc

    V~civp,emsr xcrjciv me rczxmifcivz rcxmrvcf zcgg`in f`zvrczzcf xrmxcrvp $emrcjgmzcf aif zdmrvzagcz)' gm~cr vdai gazv pcarz e`nsrc me :1 xcrjciv Jazd zagcz ajjmsivcf emr :0 xcrjciv mef`zvrczzcf zagcz

    Rczxmifcivz rcxmrvcf lsgv`,b`ff`in mi emrcjgmzcf aif zdmrv zagc xrmxcrv`cz aif agzmctxcr`cij`in a erszvrav`in gcif`in aif axxra`zag xrmjczz

    :1# :8# :8#

    25#24# 20# 24# 20# 24#

    25#24# 2>#

    2:# 26#

    21#

    Mi Larocv 5 Lmivdz mr Lmrc

    8#

    18#

    28#

    :8#

    68#

    38#

    58#

    2884

    18

    2884

    12

    2880

    82

    2880

    86

    2880

    85

    2880

    84

    2880

    18

    2880

    12

    2818

    82

    2818

    86

    2818

    85

    2818

    84

    2818

    18

    2818

    12

    2811

    82

    2811

    86

    2811

    85

    2811

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    2811

    18

    2811

    12

    2812

    82

    2812

    86

    2812

    85

    Xcrjciv me Rczxmifcivz Rcxmrv`in F`zvrczzcf Zagcz

    Emrcjgmzcf Zdmrv Zagc

    Emrcjgmzcf; 12# Zdmrvzagc; 12#

  • 7/31/2019 REALTORS Confidence Index July

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    11

    F`zvrczzcf Rcag CzvavcBcgm~ Larocv Xr`jcz

    F`zvrczzcf xrmxcrv`cz vpx`jaggp zcgg bcgm~ vdc larocv xr`jc me z`l`gar imi,f`zvrczzcfxrmxcrv`cz' a z`l`gar xrmxcrvp bc`in imvcf az bc`in `i a f`zvrczzcf jmif`v`mi aif xmzz`bgp xmmrgpla`iva`icf Vdc gcucg me f`zjmsiv egsjvsavcz fcxcif`in mi zagcz gmjav`mi' vpxc me xrmxcrvp' aifxrmxcrvp jmif`v`mi

    Emrcjgmzsrcz dauc bcci zcgg`in av axxrmt`lavcgp 28 xcrjciv bcgm~ larocv; 1> xcrjcivaz me Ksgp 2812

    Zdmrv Zagcz dauc bcci zcgg`in av axxrmt`lavcgp 13 xcrjciv bcgm~ larocv; 13 xcrjciv azme Ksgp 2812

    Xrmxcrvp Jmif`v`mi Aeecjvz vdc Zcgg`in Xr`jc me F`zvrczzcf Xrmxcrv`cz

    Vdc f`zjmsiv vm larocv ctxcr`cijcf bp f`zvrczzcf xrmxcrvp `z aeecjvcf bp vdc xrmxcrvpzxdpz`jag jmif`v`mi ^cgg la`iva`icf xrmxcrv`cz vcif vm zcgg av a gm~cr f`zjmsiv vdai `z vdc jazcemr xrmxcrv`cz `i xmmr jmif`v`mi Vdc si,~c`ndvcf aucranc xr`jc f`zjmsivz vm larocv arcxrczcivcf emr vdc v`lc xcr`mfz Asnszv 2811 vdrmsnd Ksgp 2812 Xr`jcz emr f`zvrczzcf dmszcz ~`vdabmuc aucranc jmif`v`mi arc f`zjmsivcf av abmsv 1:13 xcrjciv' ~`vd vdc f`zjmsiv `ijrcaz`inz`ni`e`jaivgp fcxcif`in mi xrmxcrvp fcvcr`mrav`mi

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    281184

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    281285

    F`zvrczzcf Zagcz

    Lcai Xcrjcivanc F`zjmsiv

    Emrcjgmzcf Zdmrvzagc

  • 7/31/2019 REALTORS Confidence Index July

    12/26

    12

    Xrmxcrvp F`zjmsivz az a Esijv`mi me Jmif`v`miKsgp Fava

    13)3 1>)2 28)5

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  • 7/31/2019 REALTORS Confidence Index July

    13/26

    1:

    @@) Bspcr aif Zcggcr Jdarajvcr`zv`jz

    Jazd Zagcz; 2> Xcrjciv me Rcz`fciv`ag Zagcz

    Axxrmt`lavcgp 2> xcrjciv me RCAGVMRZ rcxmrvcf lao`in jazd zagcz `i Ksgp' zg`ndvgp

    fm~l erml 20 xcrjciv `i Ksic Vdc xcrjcivanc me jazd xaplcivz egsjvsavcz erml lmivd vmlmivd' jsrrcivgp bc`in vm~arfz vdc sxxcr cif Vdc d`nd xrcxmifcraijc me agg,jazd zagcz axxcarzvm bc fsc vm zvr`jvcr lmrvnanc-sifcr~r`v`in zvaifarfz' aif xsrjdazcz bp `iuczvmrz aif zcjmifdmlc bspcrz' ~dm ercqscivgp xap jazd' xmzz`bgp cfn`in msv bspcrz iccf`in vm zcjsrc a lmrvnanc

    E`rzv V`lc Bspcrz; :6 Xcrjciv me Rcz`fciv`ag Bspcrz

    Axxrmt`lavcgp :6 xcrjciv me RCAGVMRZ ~dm rczxmifcf rcxmrvcf lao`in a zagc vme`rzv v`lc dmlc bspcrz' zg`ndvgp d`ndcr vdai vdc Ksic e`nsrc me :2 xcrjciv Imrlaggp e`rzv v`lc

    bspcrz arc i vdc ic ndbmrdmmf me 68 xcrjciv me vmvag rcz`fciv`ag zagcz' ajjmrf`in vm IARz Xrme`gc me

    Dmlc Bspcrz aif Zcggcr Vdc xrmxmrv`mi me e`rzv,v`lc dmlcbspcrz d`v a xcao me axxrmt`lavcgp 38xcrjciv `i 2880 Abmsv 11: xcrjciv me RCAGVMRZ ~dm lafc a e`rzv v`lc dmlc bspcr zagcrcxmrvcf a jazd zagc Vdc rcgav`ucgp gm~ gcucg me e`rzv v`lc bspcrz `i xarv rcegcjvz vdc f`ee`jsgvp mezcjsr`in lmrvnanc e`iaij`in aif-mr vdc fcgap ~`vd f`zvrczzcf zagcz RCAGVMRZ dauc agzmimvcf vdav vdav `iuczvmrz meecr`in agg,jazd zagcz vm zcggcrz dauc jrm~fcf msv e`rzv,v`lc bspcrz `izmlc jazcz' xarv`jsgargp i vdc jazc me f`zvrczzcf xrmxcrv`cz Sizsjjczzesg e`rzv,v`lc bspcrzvpx`jaggp jmiv`isc vdc`r xrmxcrvp zcarjd' zmlcv`lcz lao`in a islbcr me b`fz bcemrc zcjsr`in a

    xrmxcrvp

    8#

    3#

    18#

    13#

    28#23#

    :8#

    :3#

    68#

    288418

    288412

    288082

    288086

    288085

    288084

    288018

    288012

    281882

    281886

    281885

    281884

    281818

    281812

    281182

    281186

    281185

    281184

    281118

    281112

    281282

    281286

    281285

    Jazd Zagcz az Xcrjciv me Larocv

    Ksgp; 2>#

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    14/26

    16

    Bspcrz Fsc vm Rcgmjav`mi-Kmb Jdaincz; 13 Xcrjciv me Rcz`fciv`ag Larocv

    RCAGVMRZ rcxmrvcf vdav 13 xcrjciv me rcz`fciv`ag zagcz ~crc vm bspcrz emr rcgmjav`mixsrxmzcz' `c' a kmb lmuc' rcv`rclciv' cvj Axxrmt`lavcgp 103 xcrjciv me RCAGVMRZ ~dmlafc a zagc vm a rcgmjav`mi bspcr rcxmrvcf a jazd zagc

    Rcz`fciv`ag Zagcz vm @iuczvmrz; 15 Xcrjciv me Rcz`fciv`ag Larocv

    RCAGVMRZ rcxmrvcf vdav `iuczvmrz ajjmsivcf emr 15 xcrjciv me vmvag rcz`fciv`ag zagcz`i Ksgp' fm~i erml 10 xcrjciv `i Ksic @iuczvmrz dauc rcxmrvcf vdav `i laip jazcz vdcp jaimbva`i a xmz`v`uc jazd egm~ jmiucrv`in xrmxcrv`cz vm rcivag si`vz Axxrmt`lavcgp 50 xcrjciv merczxmifcivz ~dm rcxmrvcf a zagc vm ai `iuczvmr rcxmrvcf a jazd zagc

    8#

    18#

    28#

    :8#

    68#

    38#

    58#

    288418

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    288018

    288012

    281882

    281886

    281885

    281884

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    281118

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    E`rzv Vlc Bspcrz az Xcrjciv me Vmvag Bspcrz

    Ksgp; :6#

    1:#

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    11#12#

    1:#

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    Rcgmjav`mi Bspcrz az Xcrjciv me Larocv

  • 7/31/2019 REALTORS Confidence Index July

    15/26

    13

    Zcjmif Dmlc Xsrjdazcz; 11 Xcrjciv me Rcz`fciv`ag Larocv

    RCAGVMRZ ~dm rcxmrvcf lao`in a zcjmif dmlc zagc ajjmsivcf emr 11 xcrjciv me rczxmizczAxxrmt`lavcgp 31xcrjciv me zcjmif dmlc zagcz ~crc emr jazd

    8#

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    288418

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    Zagcz vm @iuczvmrz az Xcrjciv me Vmvag Zagcz

    Ksgp; 15#

    11#12#

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    Zcjmif Dmlc Bspcrz az Xcrjciv me Larocv

  • 7/31/2019 REALTORS Confidence Index July

    16/26

  • 7/31/2019 REALTORS Confidence Index July

    17/26

    1>

    @ivcriav`miag Vraizajv`miz; V~m Xcrjciv me Rcz`fciv`ag Larocv

    Axxrmt`lavcgp 2 xcrjciv me RCAGVMRZ ~dm rczxmifcf rcxmrvcf zagcz me SZrcz`fciv`ag rcag czvavc vm emrc`nicrz imv rcz f`in `i vdc SZ Axxrmt`lavcgp >: xcrjciv merczxmifcivz ~dm rcxmrvcf vraizajv`miz ~`vd `ivcriav`miag jg`civz rcxmrvcf jazd zagcz @iemrlav`mimi `ivcriav`miag ajv`u`v`cz `z aua`gabgc av dvvx;--~~~rcagvmrmrn-rczcarjd-rczcarjd-rcxmrvz`ivg

    8#

    1#

    1#

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    6#

    6#

    3#

    @ivcriav`miag Zagcz az Xcrjciv me Larocv

    Ksgp; 2#

    http://www.realtor.org/research/research/reportsintlhttp://www.realtor.org/research/research/reportsintl
  • 7/31/2019 REALTORS Confidence Index July

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    14

    @@@) Jsrrciv @zzscz

    Axxra`zagzA Jmiv`is`in Xrmbgcl

    Axxra`zagz jmiv`isc vm bc a xrmbgcl A islbcr me RCAGVMRZ rcxmrvcf vdav axxra`zag

    uagscz arc imv occx`in xajc ~`vd vdc axxrcj`av`mi `i larocv uagscz Rczxmifcivz agzm rcxmrvcfcijmsivcrz ~`vd msv,me,vm~i axxra`zcrz ~dm dauc g`vvgc oim~gcfnc me vdc ic`ndbmrdmmf-gmjagjmif`v`miz Rczxmifcivz agzm rcxmrvcf zgm~ vsri armsif v`lc erml axxra`zcrz

    Vd`rvp,emsr xcrjciv me RCAGVMRZ rcxmrvcf dau`in daf a xrmbgcl ~`vd ai axxra`zag `ivdc xazv : lmivdz Axxrmt`lavcgp 18 xcrjciv me vdc rczxmifcivz rcxmrvcf jmivrajv jaijcggav`mi'18 xcrjciv rcxmrvcf a fcgap' aif 16 xcrjciv rcxmrvcf vdav vdc axxra`zag xrmbgclz gcf vm gm~crxr`jcz

    V`ndv Jrcf`v Jmif`v`miz aif Zgm~ Gcif`in Xrmjczz

    Mic me vdc lmzv ercqsciv jmllcivz bp RCAGVMRZ ~az a jmijcri mucr sircazmiabgpv`ndv jrcf`v jmif`v`miz Rczxmifcivz `if`javcf vdav jrcf`v jmif`v`miz jmiv`isc vm bc vmm v`ndv'vdav gcifcrz arc vao`in vmm gmin `i axxrmu`in ai axxg`jav`mi' aif vdav `iemrlav`mi rcqs`rcf ermlbmrrm~crz `z ctjczz`uc Zmlc rczxmifcivz ctxrczzcf erszvrav`mi vdav e`iaij`ag `izv`vsv`miz axxcarvm bc emjsz`in mi lao`in gmaiz migp vm `if`u`fsagz ~`vd vdc d`ndczv gcucgz me jrcf`v zjmrcz

    @v `z ~cgg oim~i vdav a islbcr me e`iaij`ag `izv`vsv`miz dauc ~cao gmai xmrvemg`mz fsc vm

    xrcu`msz gcif`in zvaifarfz im~ xcrjc`ucf az dau`in bcci vmm gmmzc Vdc gcif`in xcifsgslaxxcarz vm dauc z~sin vm vdc mvdcr ctvrclc `i zmlc jazcz' rczsgv`in `i zmlc `izv`vsv`mizfcjrcaz`in vdc`r mucragg gcif`in ceemrvz aif-mr `lxmz`in sircag`zv`jaggp d`nd jrcf`v zvaifarfz

    Vdc lcai`in emr RCAGVMRZ `z jgcar; @e a xmvciv`ag bspcr `z vsricf fm~i bp mic baio' vrp'vrp' vrp ana`i av a f`eecrciv e`iaij`ag `izv`vsv`mi Emr ctalxgc' rczxmifcivz imvcf vdav rcn`miagaif jmllsi`vp baioz az ~cgg az jrcf`v si`miz ~crc xmvciv`ag agvcriav`uc zmsrjcz me lmrvnancz

    8#

    18#

    28#

    :8#

    68#

    38#

    RCAGVMRZ Rcxmrv`in Axxra`zag Xrmbgclz

    ^`vd A Jmivrajv `i Xazv : Lmivdz

    Jmivrajv Jaijcggcf Jmivrajv Fcgapcf Icnmv`avcf vm Gm~cr Xr`jc

    Ksgp; :6#

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    10

    @i 2883a v`lc me imrlag rcz`fciv`ag rcag czvavc larocvz bcemrc vdc Nrcav Rcjczz`mi,,axxrmt`lavcgp 6: xcrjciv me Eaii`c Lacz aif Ercff`c Lajz gmaiz ~civ vm axxg`jaivz ~`vd

    jrcf`v zjmrcz abmuc >68 Vdc jsrrcivRJ@fava zdm~z vdav 36 xcrjciv me rcz`fciv`ag rcag czvavcgmaiz dauc E@JM zjmrcz abmuc >68

    2# 2# 1# 1# 1# 1#3# 6#

    60#

    58#3>#

    3:#34#

    36#

    62# 66#

    E@JM Zjmrcz; Rcjciv Zjmrcz i 2812 uz) Zjmrcz `i 2883

    gv 528 >68/

  • 7/31/2019 REALTORS Confidence Index July

    20/26

    28

    @U) Rcjciv IAR Arv`jgcz

    Dmlc Xr`jc Sxfavc

    Ga~rcijc Psi' Zci`mr U`jc Xrcz`fciv aif Jd`ce Cjmiml`zv

    Dmlc xr`jcz occx nm`in sx' ajjmrf`in vm vdc gavczv fava erml vdc Ecfcrag Dmsz`in E`iaijcAncijp Xr`jcz arc sx :> xcrjciv erml mic pcar anm vm Lap Vdc Lmsiva`i zvavcz jmucr`inAr`{mia' Icuafa' @fadm' Lmivaia' Svad' Jmgmrafm' aif Ic~ Lct`jm zdm~cf vdc zvrminczv na`iz~`vd a 5: xcrjciv aiisag na`iRcaf vdc EDEA xrczz rcgcazc dcrc 9

    Vdc emggm~`in vabgc zdm~z dmlc xr`jc vrcifz ajjmrf`in vm uar`msz zcxaravc lcazsrclcivz sz`inf`eecrciv lcvdmfmgmn`cz Vdmsnd vdc lani`vsfcz f`eecr' mic jmiz`zvciv vdclc `z vdav dmlc xr`jczdauc bcci r`z`in `i rcjciv lmivdz Im fmsbv vdcrc arc larocvz ~`vd jmiv`iscf eagg`in xr`jcz' bsvim~ vdcrc arc lmrc larocvz ~`vd r`z`in xr`jcz' ~d`jd vdcrcbp ra`zcz vdc iav`miag xr`jc `ifctAimvdcr xm`iv vm imvc `z vdav agg xr`jc lcazsrclcivz arc gann`in `if`javmrz ^dav `z daxxci`in

    im~ `i gavc Ksgp `z g`ocgp vm cuci esrvdcr zvrcinvdci dmlc uagscz bcjaszc me v`ndvci`in `iucivmrpjmif`v`miz Qsag`vav`uc `iemrlav`mi' zsjd az emmv vraee`j av mxci dmszcz' vdc islbcr me xdmic`iqs`r`cz' aif vdc fcnrcc me zcr`msziczz me bspcrz arc agg r`z`in ajjmrf`in vm RCAGVMRlclbcr zsrucp me larocv jmif`v`miz Vdmsnd zmlc dmlcbspcrz arc im~ civcr`in vdc larocv azvcx gavc vdcp arc zv`gg imicvdcgczz czzciv`aggp bsp`in av rcjmrf d`nd aeemrfab`g`vp jmif`v`miz

    Me vdc bcgm~ xr`jc `if`jcz' Jazc,Zd`ggcr aif EDEA arc szcesg vm azzczz brmaf larocv xr`jcjdaincz az vdcp sv`g`{c vdc rcxcav xr`jc lcvdmfmgmnp Bsv vdcp arc imv agg vdav v`lcgp IAR aifDSF fava arc nmmf vm oim~ emr brmocrz aif dmlcbs`gfcrz az vdcp zdm~ f`rcjv bsz`iczz rcuciscaif vdc cjmiml`j `lxajv me a dmlc zagc Dm~cucr' emr RCAGVMR lclbcrz aif zcr`mszjmizslcrz' vdc fava vm lmi`vmr jgmzcgp `z GXZ aif JmrcGmn`j bcjaszc gcifcr bsz`iczz fcj`z`miz

    arc lafc erml vdczc uagsav`mi lmfcgz Vdcrc arc islcrmsz mvdcr xr`jc `iemrlav`mi fava msv vdcrcmi vdc ~cb aif vdcp ncicravc zmlc z`ggp esi' vdmsnd vdcp zdmsgf imv bc vaoci zcr`mszgp z`ijcbsz`iczz fcj`z`mi laocrz fm imv vaoc vdcl zcr`mszgp

    Im~' mic b`n fra~bajo me r`z`in xr`jcz az`fc erml bspcrz ~dm ~aivcf vm x`jo zmlcvd`in sx avvdc abzmgsvc bmvvml `z vdav axxra`zagz lap imv bc javjd`in sx `i a v`lcgp eazd`mi Vdsz' axxra`zagrcgavcf fcgapz jmsgf bc ~`vd sz emr vdc icar vcrl Vdmzc RCAGVMR lclbcrz ~`vd ajjczz vmIARz RXR zdmsgf xr`iv msv gmjag`{cf `iemrlav`mi vm zdarc ~`vd axxra`zcrz aif gcifcrz) Az

    ag~apz aip zxcj`ag imi,vain`bgc `iemrlav`mi abmsv vdc xrmxcrvp zdmsgf agzm bc zdarcf ~`vdaxxra`zcrz aif gcifcrz

    http://economistsoutlook.blogs.realtor.org/2012/07/24/home-price-update/http://www.fhfa.gov/webfiles/24073/May2012HPI.pdfhttp://www.fhfa.gov/webfiles/24073/May2012HPI.pdfhttp://www.fhfa.gov/webfiles/24073/May2012HPI.pdfhttp://www.fhfa.gov/webfiles/24073/May2012HPI.pdfhttp://economistsoutlook.blogs.realtor.org/2012/07/24/home-price-update/
  • 7/31/2019 REALTORS Confidence Index July

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    21

    http://economistsoutlook.blogs.realtor.org/files/2012/07/072412daily.png
  • 7/31/2019 REALTORS Confidence Index July

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    22

    Gm~ Ravcz' Bsv ^dm Jai Ncv Vdcl=

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    Rcagvmr Jmllcivz `i vdc Zsrucp

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    23

    RCAGVMRZ Jmllcrj`ag Larocvz La`iva`i Lmlcivsl `i Zcjmif Qsarvcr 2812

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    @iuczvlciv zagcz rmzc :8 xcrjciv erml vdc zcjmif qsarvcr Iav`miaggp' 508 xcrjciv meRCAGVMRZ rcxmrvcf jmlxgcv`in a zagcz vraizajv`mi fsr`in vdc qsarvcr Jmlxarcf ~`vd a pcar

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    http://www.realtor.org/reports/commercial-real-estate-market-surveyhttp://www.realtor.org/reports/commercial-real-estate-market-surveyhttp://www.realtor.org/reports/commercial-real-estate-market-survey