The most recent REALTORS® Confidence Index indicates that price expectations for the forthcoming year are up – substantially. There are also reports of increased REALTOR® confidence in the residential market outlook, so this information indicates that as of January 2012 REALTORS® were seeing residential markets that appeared to be in an upward mode.

Jed Smith, Managing Director, Quantitative Research

Jed Smith is Managing Director, Quantitative Research with the National Association of Realtors®. He has worked on real estate issues for the past 20 years, providing input on a variety of housing, commercial real estate, tax, and planning issues. Recently he has been involved in several international studies.