U.S. real estate professionals continue to be positive about the growth of the real estate market, according to a survey from Point2 Technologies Inc.  According to the Real Estate Confidence Index (RECI) survey report for the month of August 2009, confidence has improved 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 percent improvement over July 2009 and a 21 percent 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. To obtain the RECI Summary Report including respondent commentaries, by State, click here. 3,151 real estate professionals covering every U.S. State, Puerto Rico and Guam contributed to the Real Estate Confidence Index in August. In addition to the national reading, Point2 plans to release regional indices starting with the September, 2009 Report.