6 Month Outlook for Single-Family Homes

Posted by Christian Klein on Tuesday, October 7th, 2014 at 9:07am.

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original article can be found at: http://economistsoutlook.blogs.realtor.org/2014/09/25/market-outlook-in-the-next-six-months-for-single-family-homes/#sf4823313 

REALTORS® who responded to the monthly RCI survey were still generally optimistic about conditions in their local markets for single family homes in the next six months, according to the August REALTORS® Confidence Index Survey.

The map shows by state the outlook of respondents regarding the market for single family homes in the next six months, based on data from the June-August 2014 surveys [1]. Except for a few states (blue), respondents reported strong markets. REALTOR® respondents from Texas and North Dakota, which are experiencing strong economic and employment growth, were the most upbeat.

[1] An index greater than 50 indicates that the number of respondents who had a “strong” outlook outnumbered the respondents who had a “weak” outlook for the next 12 months. The higher the index, the more respondents there are with “strong outlook” who outnumber those who view market conditions to be “weak” in the next 12 months. Three months of data are used to generate enough data points for all states.

 

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