REALTORS® reported stronger homebuying demand in 2016 compared to 2015, according to the December 2016 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions.[1] For the year 2016, the REALTORS® Buyer Traffic Index registered at 63 (60 in 2015), indicating that more respondents viewed buyer traffic conditions as “strong” rather than “weak.”[2] Homebuying demand is likely being bolstered by sustained job and income growth, with approximately six million net jobs gained since the recession that ended in 2009.REALTORS® reported stronger homebuying demand in 2016 compared to 2015, according to the December 2016 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions.[1] For the year 2016, the REALTORS® Buyer Traffic Index registered at 63 (60 in 2015), indicating that more respondents viewed buyer traffic conditions as “strong” rather than “weak.”[2] Homebuying demand is likely being bolstered by sustained job and income growth, with approximately six million net jobs gained since the recession that ended in 2009.
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