While families who moved over the summer are getting settled in and buying school supplies and rakes, REALTORS® continued to show confidence in the real estate market and prices as both the REALTOR® Market Confidence Index (RMCI) and the REALTOR® Price Confidence Index (RCPI) were up again in September compared to the same time last year. On a month-to-month basis, changes to the National Flood Insurance Program, the government shutdown, and the prospect of the country defaulting on its debts played a role in REALTOR® confidence dipping since August.
Here are the September 2013 Highlights:
- This is the 26th straight month the RMCI was up over the same time last year
- The RMCI has been over the 60-point mark for 9th straight month
- The PRCI has been up for the 20th straight month for RPCI compared to the same month the year before
- The RPCI was over the 70-point mark for the 7th straight month (and 9 out of the last 10 months)
The September “hot topic” question asked REALTORS® to rank how concerned their buyer and seller clients were about changes to the National Flood Insurance Program that took place starting October 1, 2013.
Click link to read the full release: September REALTOR® Market Confidence Index and REALTOR® Price Confidence Index
- REALTOR® Market Confidence Index in September was 62.91 Up 9% from the same time last year
- REALTOR® Market Confidence Index in September was Down 10% from August 2013
- REALTOR® Price Confidence Index in was 70.27. Up 9% from the same time last year.
- REALTOR® Price Confidence Index in September was Down 5% from August 2013.