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The National Association of Realtors’ Confidence Index is based on a monthly survey sent out to 50,000 real-estate professionals assessing expectations for home sales, prices, and the overall market. February’s report finds confidence and expectations on the rise amid continued evidence of a slow and steady market recovery. Though responses didn’t indicate rapid market growth, participants reported an increasing number of buyers in the market, rising rent, and expectations of higher or, at least, constant home prices. The percentage of professionals indicating they expect prices to rise increased from 62 percent in December to 73 percent in the most recent report. Also, the amount of time homes for sale stay on the market continues to decrease and rental prices continue to rise, both positive signs for the housing market. More here.
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