KIRKLAND, WA, Mar 11, 2013 (MARKETWIRE via COMTEX) — Market Leader LEDR -0.12% , a leader in online marketing and technology solutions for real estate professionals, today released results of a nationwide survey highlighting a significantly more optimistic real estate community across several key market indicators, including real estate valuations, existing-home transactions, new construction starts and more. The survey involved more than 2,400 real estate professionals, all members of ActiveRain, the real estate industry’s largest social media network with more than 330,000 real estate professional members.
A similar survey in early 2012 correctly predicted the bottom of the US real estate market, as the National Association of REALTORS (NAR) showed a 9 percent jump in existing-home sales over the previous year.
For 2013, 84 percent of surveyed real estate professionals believe that real estate values and the number of transactions will increase this year over 2012. Whereas in 2012, one-third of real estate markets were forecasted to see valuation declines, no single market is expected to see a decline in valuations or transactions in 2013.
2012 vs 2013 Real Estate Confidence*