Chase Mortgage Says Home Buyers Have Strong Interest

Homebuyer Traffic Unseasonably High, Forecasting Strong Buying Season
According to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, homebuyer traffic strengthened in December. The Homebuyer Traffic Diffusion Indexes tracking current homeowners, first-time homebuyers and investors all posted significant gains in December compared with the previous two months. The current homeowner traffic index hit 56.1 in December, up from 51.2 in October. The index tracks the sentiment of agents, with any average above 50 rising and any average below 50 falling. The December traffic index was also well above levels seen at the same time in previous years, suggesting that the housing market is building toward a strong buying season.
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