Despite tightening inventory, Realtors around the US still expect improving markets

Tight supply and lender issues leading gripes among pros
  • Market confidence is strong in most areas of the country, according to NAR's Confidence Index survey.
  • Tight supply and finance/lending issues were the leading factors for contracts terminations in July.
  • Cash sales and distressed sales accounted for 21 percent and 5 percent of total sales, respectively.

If the National Association of Realtors Confidence Index survey is taken face value, Realtors could see the market as getting stronger — but one may draw a more tempered conclusion after reading further into the report.