The Massachusetts Association of REALTORS reported recently that realtors started out 2013 very confident in the real estate market as the REALTOR Market Confidence Index (RMCI) and REALTOR Price Confidence Index (RPCI) both hit all-time highs in January.
Members generally believed "more buyers would enter the market if interest rates were to go up at least one percentage point over the next six months," stated the press release.
“REALTOR-members’ confidence in the market is miles away from when we started tracking this data in 2008,” said 2013 MAR President Kimberly Allard-Moccia, broker-owner of Century21 Professionals in Braintree. “REALTOR®-members are positive about the market because their clients are. To hit all-time highs in both indexes in the same month is a good indication of how the market is doing.”