Industry NewsMarkets & Economy

Agents see better market in 12-18 months

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Nearly two out of three estate professionals rated current market conditions on the bottom half of a 10-point scale in July, but were considerably more optimistic about the near- and long-term outlooks.That's according to surveys of more than 3,000 agents in the U.S. and Canada who are clients of software developer Point2 Technologies Inc.Asked to rate current market conditions in their area on a seasonally adjusted basis using a 10-point scale, 64 percent of agents rated conditions on the bottom half of the scale (from one to five). Only 36 percent said current conditions rated a score of six to 10.But when agents were asked how optimistic or pessimistic they were about the near term -- the next three to six months -- they were more equally divided. Nearly 52 percent were optimistic, scoring the near-term outlook between six and 10, while a little more than 48 percent were on the neutral or pessimistic side of the scale (one through five).The outlook for the next 12-18 months was even...