REALTORS® Confidence Index in December Reflects Tempered Market Expectations

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Confidence about the next 6 months saw a slight improvement in December. The 6-month outlook index for single family rose to 66 (64 in November). The index for townhouses slightly rose to 48 (46 in November) while the index for condominiums registered at 44 (43 in November). REALTORS® expressed concern about a variety of factors that can impact the market such as the new regulations pertaining to the Ability to Pay Rule for Qualifying Mortgage, the reduction in FHA loan limits, uncertainty regarding flood insurance rates, and the state of the economy.

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