Local data is critical to understanding local markets, but real time information is best. Each Survey of REALTOR® Sentiment/ Regional Vice-Presidential Report (RVPR) is a collection of results from NAR's most recent REALTOR® Confidence Index along with commentary from NAR's Regional Vice President for that region. These RVPRs—which reflect data available through July 2011—provide insights into the buzz on the street for each of the regional housing markets.
Region 10
According to REALTORS® surveyed the share of distressed sales in Region 10 (Louisiana and Texas), fell sharply in the 2nd quarter and is below the prior quarter as well as the same period in 2010.
Region 13
All cash purchases surged in the 1st quarter of 2011 and have remained strong at 29% of total sales in Region 13 (California, Hawaii, Guam) during the 2nd quarter. This share is also strong relative to the same time last year.
To view all of the July 2011 RVP Reports, click here.