Industry NewsMarkets & Economy

Confidence slips among agents, brokers

Survey includes detailed commentary on market conditions

Confidence among real estate agents and brokers dipped in December after a heady rise in November, according to a monthly survey conducted by real estate tech company Point2 Technologies. The company's monthly Real Estate Confidence Index (RECI) registered 5.91 nationally (10 is highest), almost 2 percent lower than in November, but still the second-highest rating since Point2 established the index in June 2009. November saw the highest rating at 6.03, reversing two months of declines, including the index's lowest rating, 5.59, in October.Point2 based the survey results on 1,213 responses from real estate professionals nationally -- most of them are users of Point2 Agent, the company's syndication network. The survey consisted of three simple questions asking how agents would rate current market conditions in their area and how optimistic or pessimistic they were about the housing market in the near term (the next three to six months) and in the longer term (the next 12-18 months). The...