Foot traffic provides a strong indication of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings.
Year-over-year foot traffic levels have grown steadily in the area covered by Main Real Estate Information Systems, Inc. Foot traffic rose 27% in February of this year relative to February of last year
Improvements in employment and consumer confidence coupled with record low mortgage rates are helping to drive steady interest in housing.
For more information on this data and its use, see the economist’s commentary, “Foot Traffic – Getting a Step Ahead”.
By: Ken Fears, Manager, Regional Economics
http://economistsoutlook.blogs.realtor.org/2012/03/13/foot-traffic-maine/
