Ever Since The Tax Credit Expired, Realtors Have Been Getting More Depressed Each Month

When did the housing double dip become a reality?

Realtors confidence began tanking in July, a short time after the tax credit expired. Since then it’s been getting worse every month, dropping 8% in September.

Jonathan Miller mapped the decline, via Curbed:


You can see the state-by-state data at Point 2.

The worst state is in Montana, where the index drops to 2.00 for the current market and 1.00 looking forward.

In California, Florida, and New York realtor confidence gets higher looking forward, which is some consolation.

chartU.S.A. R.E.C.I – State Data

Now check out 15 signs the US housing market is headed for complete and total collapse >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.