The April Real Estate Confidence Index (RECI) survey from Point2 Technologies showed that real estate brokers and agents across the U.S. share a forward-looking sentiment for improved market conditions, with uncertainty over the longer term weighing in on the Index.

The April RECI recorded a 5.82 (+0.87%) reading on the RECI scale, up from 5.77 in March (+2.49%). The scale rate options are  1- 10, with 1 being "bad" and 10 being "good" in terms of ranking confidence. This rise in confidence happened for the second month in a row, and April has seen the most positive feedback so far.

Other positive signs include more activity in higher price range properties in several states, a category almost completely bypassed in RECI respondent feedback since the Index debuted last summer.

Read more at RISMedia.

Posted in Real Estate Market Conditions, Real Estate Industry, Luxury Home Market, National News

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