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February 2013
Real Estate Market Snapshot

 

 

RIC™ (Realty Index for Consumers™)* RIC StatSummary™

  Exuberant
  Robust
      Healthy
      Functional
  Lagging
  Hazardous
  Catastrophic
  LAGGING

This month's RIC™ is slightly up from last month.  The market is LAGGING, but FUNCTIONAL, and beginning to look a little stronger. The real estate market likely bottomed in the winter of 2009, signaling that the worst may be over, but it has some way to go before it can be clearly categorized as "Healthy."  The leading indicators that comprise the RIC™ show that there may be a return of some relative strength this spring and summer.

*The RIC™ was developed by Eddie McGowan.  Click here for more information.
 
  Advantage:   BUYERS  
Pending Home Sales (1) +5.1%
Existing Home Sales (1) +3.7%
Housing Affordability Index, NE (1) 147.4 [+]
Consumer Confidence Index (2) 69.4 [=]
Home Data Index, NYC/LI/NJ (3)
      Quarter-Quarter Change - 2.3
      Rank of Highest Performing Markets #6
      REO Saturation (lowest in nation) 9.7%
Realtors® Confidence Index (1)
      1-Families 31.5 [+]
      Buyer Traffic 36.8 [+]
      Seller Traffic 41.1 [=]

 

Data compiled and interpreted by Eddie McGowan.  A green cell indicates it is a positive indication, red indicates negative.  "[+]" indicates it is rising from the previous month or quarter, "[-]" indicates it is declining, and "[=]" indicates it is unchanged.  Copyright © 2011 Eddie McGowan.  All rights reserved worldwide.
1Copyright © 2011 National Association of Realtors®.
2Copyright © 2011 Siena Research Institute and New York State Association of Realtors®, Inc. Current Consumer Confidence, Metro NYC area.
3Copyright © 2011 Clear Capital®.

 




 




 
   

  

 

 


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All contents copyright © 1991-2013 by Eddie McGowan. All rights reserved worldwide. DynamicEdge Realty™, DynamicEdge SmartMoney™, DynamicEdge InvestMax™, Notes+EquityAssurance™, ShortSale/ShortCircuit™, IRES Technology™, RealtyIndex for Consumers™, RIC StatSummary™, and RIC™ are all trademarks of Eddie McGowan.  All rights reserved worldwide. World flag icons are courtesy of http://blackaqua.com/world-flag-icons. No part of this website, or its related files, or the RIC™, including its formulation, may be used, reproduced or transmitted in any form, by any means (electronic, photocopying, recording, or otherwise), without the prior written permission of the publisher. However, you may make direct quotes concerning the RIC™ and the information contained on this website, as long as you reference the specific page on this website, include this copyright protection notice, in its entirety, and include a working, direct link to http://www.EddieMcGowan.com. The information provided on this website is for informational purposes only. It is merely the opinion of Eddie McGowan, and it is not intended as a recommendation or as advice of any kind. Past performance is no guarantee of future performance. You should consult with your legal, accounting, investment and real estate advisors before making any decision concerning real estate or any other financial undertaking.
 


All Contents Copyright  © 1991-2015 Eddie McGowan. All rights reserved worldwide.