Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

American real estate broker and agent views of current market conditions are rosier this month than last month, but their confidence in the future has declined, according to a survey by real estate marketing and technology provider Point2 Technologies. The national Real Estate Confidence Index fell 2.26 percent in February to 5.63 on a scale of one ("bad") to 10 ("good), the survey said. The index is made up of three seasonally adjusted components: current sentiment, short-term outlook, and long-term outlook. Current sentiment improved 1.04 percent, to 4.87, driven by lower inventories and low interest rates, the report said. Short-term views for the next three to six months deteriorated 2.89 percent, to 5.71, while long-term views for the next 12 to 18 months fell 4.1 perce...