Posted by Jonathan J. Miller -Tuesday, November 16, 2010, 10:00 AM
Point2 is a marketing service for real estate agents – they survey their real estate professional members across North America to get a sense of how they feel about their current and future market conditions.
Several months ago I commented how both the US and Canadian real estate brokerage community seemed to take a very gloomy outlook for the housing market once the contract expiration date of the US federal tax credit for housing was reached. Now that the closing date for the tax credit of September has passed there was an increase in confidence.
Was this change in direction because of a perception that the housing stimulus is over? Or just a one month blip? Who knows.
I realize this is an exercise in correlation, not causation.