Even though the real estate market is humming along, realtor confidence just held steady in November. According to the most recent research report into matters of the market, the National Association of Realtors (NAR) the overall mood is optimistic. The November 2015 version of The Realtors Confidence Index (RCI) is based on the responses of 2,643 Realtors about local market conditions they saw for that month. The respondents are also questioned about a variety of aspects of their most recent sale in that month. The survey respondents were upbeat about the economy and issues related to credit accessibility for homebuyers. Low unemployment and interest rates showed that the optimism still had momentum. The housing market continues to recover, and attempts to ease the burden of borrowing and increase credit accessibility was helping buyers get back in the game in large numbers. The state of California is one considered to have a strong outlook for the next six months f...
- The NAR Realtor Confidence Index for November showed the same good feelings as in October.
- San Francisco has an average home price at well over $1 million
- The state of California is primed for strong growth the next six months for single-family homes, condos and townhomes.