According to Credit Suisse’s latest monthly survey of real estate agents, the buyer traffic index decreased in four of the top five housing markets.
Houston is the market that witnessed the most improvement compared to other markets in the top 5 – Phoenix, Washington D.C., Atlanta, and Dallas. HousingWire reports that Houston’s buyer traffic index improved to 57 from 33, with traffic modestly ahead of agent expectations. Houston agents noted that the tight inventory makes it more of a sellers’ market, but there are also increasing local economic concerns which may have been related to oil volatility.
