Local housing market index: Confidence is up among real estate agents
A monthly index that seeks to measure confidence in the local housing market rose for the seventh straight month in February, the Massachusetts Association of Realtors said. Relying on monthly responses from a random sampling of its membership, the association uses a 100-point index to plot confidence levels. A 100-point reading signifies a torrid market, a zero reading a frosty one. In February, the association’s market index posted a reading of 39.47, up from the February 2011 reading of 28.1.