No one knows the real estate market better than real estate brokers and agents. Each month, Point2 produces a survey that indicates your local market direction and expectations 3, 6 and 12 months out, with specific feedback by your fellow REALTORS® to support their views, whether optimistic or pessimistic. Great advance market indicators, insight and ideas you can use to improve or alter your approach, or adjust your plans.

Be first to get this powerful information each month, free, ahead of public and media distribution, and get a chance to win a shiny new  iPad at the same time.

Just answer a few quick questions as part of the Real Estate Confidence Index survey (It only takes a minute – literally) and you are automatically subscribed to receive the survey results as soon as they are compiled. For each month that you complete the survey and provide an email address to contact you at, you are entered to win an iPad – which Point2 is giving away once every 3 months!

Complete the survey every month and your name will be entered into the drawing up to three times!  It’s that simple.

Ready, set, go! This month’s survey is only open until Monday, February 28th. Simply click the appropriate link below:

United States
Canada

Thanks for sharing your thoughts!

By participating each month, we are able to gather data from some of the best in the field (like you!) and develop a neat little thing called The Real Estate Confidence Index.

This June marks a bit of a milestone…it was one year ago we created the Real Estate Confidence Index.  The past year has seen some pretty cool things, including being featured in some of the industry’s highest profile publications, such as INMAN News, REALTOR Magazine Online, and RIS Media.

While there has been market ups and downs, we can only hope for more positive change in the real estate market.  I know that we enjoy reading your feedback each and every month.  I’ll admit – we have it pretty good here in Saskatchewan – and the opportunity to hear about what’s going on in other parts of North America can certainly be enlightening.  Not only are we able to take your valuable input, compile it into a digestible format and provide it back to you – but hearing your thoughts and concerns about the real estate industry in general helps us continue to grow and understand our members.

To celebrate a great year of your contribution, we are randomly selecting one member from both the United States and Canada to receive SIX MONTHS FREE on your current membership level.  To get in on the winning, simply take a few minutes and answer the latest edition of the Real Estate Confidence index survey below.  Don’t forget to include your email address so we can contact you if you are selected!  The winners will be contacted shortly after the survey ends on Wednesday, June 16th.

United States Members Survey

Canadian Members Survey

Thank you again for your participation over the past year.  We look forward to another year of hearing what you have to think!

For example, let’s say that on a scale of 1-10, agents in your area rate the market at a 7 or 8.  Yet, you might rate the market at a 4 or 5.  While their opinions may not seem to matter in the beginning, the simple fact that they reveal a more optimistic outlook could mean that they have figured out ways to do better than others.

It may be that they have identified a new market, decided to specialize in an active market such as foreclosures or short sales.  Perhaps they have implemented new online marketing and social media strategies that are delivering more results.

Information on how agents and brokers are doing in your market and other markets is key.  Information is knowledge, and this knowledge can help you flag an opportunity to build upon.

This is the reason we have developed the Real Estate Confidence Index.  A complete analysis, including commentaries from fellow agents can be found right here.  Have a look at how other agents in your state are doing, and use it to help elevate your own outlook and expectations.

Every month you participate, you can be the first to receive the latest report.  Together, let’s build valuable information to help every real estate professional be the best they can be.

Take the survey:

United States Survey

Canadian Survey

Our very own Real Estate Confidence Index (RECI), which measures the perceived confidence in the market by real estate professionals recorded its first drop in confidence since the Index went live in June – reporting 5.83 (out of 10) at the national level for the month of September, down 0.85 percent versus the August reading of 5.88.

Pressuring the RECI this month were the long term outlook variables within the Index, with both the 3-6 month and 12-18 month forward looking readings turning negative versus a month ago.

However, it wasn’t all doom and gloom.  The Current Sentiment variable continued its upward momentum, for the fourth consecutive month, reflecting positive market activity and confidence amongst real estate brokers and agents, during the survey period.  On a seasonally adjusted basis, this variable measured 5.06 in September, up from 4.96 in August and 4.76 in June.

To give you an idea of how the RECI has preformed in the months leading up to this September data here is the charted progress of all the variables we track:  (click for full-size)

To add a more human dimension to this data, we also gather any other thoughts our respondents may have on either their local or state market.  Some of the choice quotes from this months survey are as follows:

“High foreclosure ratio. Homes are selling faster due to the lower prices and interest rates and government-assistance programs.” -California

“More jobs are opening up, which will be a boost in our county.” -Indiana

“There is a continual glut of foreclosures, making it next to impossible to sell houses voluntarily. The buyers who can get (qualified) lack motivation.” -Arizona

If you are interested in reading more on this month’s finding you can check out the featured article over at Inman News.

For the past couple months we’ve sent out surveys to our US and Canadian members asking you to answer a few quick questions about their market conditions and your thoughts on how the market will be in the upcoming months.

Before I go any further, I’d like to send out a big ’Thank You’ to the over 3,000 real estate professionals who have responded to our surveys so far.  Your responses have assisted us in gathering the data we use to calculate the new Real Estate Confidence Index that Point2 just released at Inman Real Estate Connect in San Fransisco today.

What is the Real Estate Confidence Index?

Every month, we ask real estate professionals from all over North America to rate their market.  They rate the current, short-term, medium-term and long-term outlook in their market.  We analyze and calculate this data and the median response across all questions represents the Point2 Real Estate Confidence Index measure for the month.  For further details on how we calculate the Index visit our website.

The data gathered for the Index comes from real estate professionals who have important insight and understanding about where the market is and where it is heading.  With the unique perspective from our members, the findings were quite interesting and we hope that with continued participation from more and more real estate professionals we’ll be able to continue to calculate the Index from an even larger group of opinions.

Take a look at the press release for more information about how the RECI got it’s start.

Review the initial results for the Real Estate Confidence Index on our website.

What can I do with this Index?

Copy and use on your website

Feel free to use the RECI data and Index score graphic (at left) on your own website or in your blog posts.  This Index be used to show your website visitors the market value overall, and in the future you’ll be able to show more targeted results for your specific area.  This type of information allows you to provide additional value to consumers visiting your website.  Get an up-to-date Index score graphic on our website at www.realestateconfidenceindex.com each month.

 How can I share my opinions?

Please fill out the surveys we send each month so you can have a voice and share in shaping the Real Estate Confidence Index. 

Check back on our website at www.RealEstateConfidenceIndex.com often to keep track of new results and to obtain the newest Index score graphic each month.