Realtors Report Multiple Offers, Quick Sales but Continuing Appraisal and Credit Issues

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Posted To: MND NewsWire

The National Association of Realtors ® (NAR) conducts a monthly survey of its members and uses their responses to construct a REALTORS Confidence Index (RCI) . Similar in some respects to the builder confidence survey conducted by the National Association of Homebuilders but more extensive, the NAR survey tracks Realtor's expectations about overall market conditions, buyer/seller traffic, home prices, and issues of concern. The RCI report released today reflects information collected from about 3,700 respondents from November 26 to November 30. NAR cautions that "all real estate is local and conditions in specific markets may vary from the national trend. The RCI for single family homes held steady at 53 and those for townhouses and condominiums were both below 50. An index of 50 indicates...(read more)

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Source: http://www.mortgagenewsdaily.com/01042013_nar_realtor_sentiment.asp

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