Mass. Realtors Less Confident In July
Concerns about the federal debt ceiling and potential economic consequences left Massachusetts Realtors feeling less positive in July about the real estate market than they did in June and a year ago, according to the Massachusetts Association of Realtors.
The Realtor Market Index, which measures confidence, measured 26.89 in July, down from 29.17 in June and from 28.15 in July 2010. A score of 50 is considered a neutral outlook on the 100-point scale in which zero is weak and 100 is strong.
The association's price index measured 40.19 for July, down from 47.43 a year ago but up from 38.30 month-over-month. A score of less than 50 means that Realtors project the market will fall to some extent.
More than half of Realtors surveyed said they thought sales in July had been impacted by less than full-price appraisals. Of those who felt that way, 44 percent said appraisals impacted between three and four sales.
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