Friday, March 20, 2015

Campbell Survey: "Strong spring home buying season"

by Bill McBride on 3/20/2015 11:47:00 AM

Here is a survey I follow.

From Campbell Surveys: Spring Home Buying Season Expected To Be Strong, Particularly for First-Time Homebuyers, According to HousingPulse Survey (no link)

Trends in homebuyer traffic along with rising demand from first-time homebuyers point toward a strong spring home buying season, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.

“Both the data and comments from real-estate agents support expectations for a strong spring/summer buyer season,” said Tom Popik, research director for Campbell Surveys.

The Homebuyer Traffic Diffusion Indexes for first-time homebuyers and current homeowners hit levels in February above those seen a year ago. Traffic was strongest from first-time homebuyers, with a traffic diffusion index of 61.4 in February compared with 56.8 in February 2014. Any reading on the index above 50 indicates increasing traffic.
We will see soon.