Expand Your Education with These Courses from
Expand your education through NAR's REALTOR® University: A Consumer Advocate Approach to Mortgages: Course 2.
Accredited Buyer's Representative.
BPOs: The Agent's Role in the Valuation Process.
Bundle 2: CIPS Elective Courses (Non-US Version).
Bundle 3: CIPS Institute (US Version).

Home Sales Soar, Consumer Confidence Returns—Multiple Offers and Demand for Advice Powers REALTORS’® Value

Have a comment on this article? Share on Facebook!

sold_sign_family_backgroundThe more than 100 major real estate brokers who attended RISMedia’s Mid-Year Power Broker Forum earlier this month virtually all reported first quarter gains in transactions and dollar volume from 2012. Consumer confidence combined with near historic low mortgage interest rates is fueling the residential real estate industry’s resurgence, and industry leaders are reporting that many leading REALTORS® from around the country are experiencing a tremendous uptick in consumer interest and transactions that they haven’t seen in more than five years.

“Home values and consumer confidence are directly related,” said Lawrence Young, NAR chief economist. “Since the majority of families in America are homeowners, a rise in home value certainly lifts their confidence, which in turn helps the economy as people feel more comfortable spending money. It’s all good news in housing, and I think the momentum will continue.”

This week, the Conference Board announced that its index of consumer attitudes jumped to 76.2 from an upwardly revised 69 in April, topping economists’ expectations for 71. The gain was the highest level of consumer confidence in five years.

Leading brokers in some of the country’s real estate hot spots provided insight Wednesday into their rising market conditions.

Continue Reading 1 2 3 4

Have a comment on this article? Share on Facebook!

Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Copyright© 2016 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com

Our Latest News >>