Agents see better market in 12-18 months

Survey is basis for company's 'Real Estate Confidence Index'

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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.