Point2 Technologies Inc. has released its Real Estate Confidence Index (RECI) survey report for the month of August 2009. The RECI extended its upward move for the third consecutive month but remained marginally in positive territory, recording a 5.9 reading at the national level on the Index scale of one to ten (1 being “Bad” and 10 being ‘Good”).
The August reading reflects a 5.4% improvement over July 2009 and a 21% increase over the June 2009 average.
The RECI tracks Current, Short-Term and Long-Term market sentiment of real estate professionals in the United States. The median response across all questions represents the Index measure for the month.