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Realtors: Housing market will improve over next 6 months

October 22, 2018 / Kelsey Ramírez

Interest rates and low inventory caused home sales to fall in September, but Realtors expect housing conditions to improve over the next six months. The Buyer Traffic Index decreased to 51 in September, down from 61 in September 2017, according to the National Association of Realtors Confidence Index. The index gathers monthly information from Realtors about local real estate market conditions, characteristics of buyers and sellers and issues affecting homeownership and real estate transactions. An index of more than 50 indicates an expectation of improvement.