Consumer Confidence in Economy & Housing is Soaring
The success of the housing market is strongly tied to the consumer’s confidence in the overall economy. For that reason, we believe 2017 will be a great year for real estate. Here is just a touch of the news coverage on the subject.
HousingWire:
“Consumers’ faith in the housing market is stronger than it’s ever been before, according to a newly released survey from Fannie Mae.”
Bloomberg:
“Americans’ confidence continued to mount last week as the Bloomberg Consumer Comfort Index reached the highest point in a decade on more-upbeat assessments about the economy and buying climate.”
Yahoo Finance:
“Confidence continues to rise among America’s consumers…the latest consumer sentiment numbers from the University of Michigan showed that in March confidence rose again.”
MarketWatch:
“U.S. consumers are the most confident in the U.S. economy in 15 years, buoyed by the strongest job market since before the Great Recession. The survey of consumer confidence rose…according to the Conference Board, the private company that publishes the index. That’s the highest level since July 2001.”
Ivy Zelman, in her recent Z Report, probably best capsulized the reports:
“The results were incredibly strong and…offer one of the most positive consumer takes on housing since the recovery started.”
Are We Heading into a Balanced Market?
Whether you’re buying or selling, understanding how the market is changing gives you a big advantage. Your agent has the latest data and local insights.
What’s the Impact of Presidential Elections on the Housing Market?
Historically, the housing market doesn’t tend to look very different in presidential election years compared to other years.
What Mortgage Rate Are You Waiting For?
If you’ve been holding out and waiting for rates to come down, know that it’s already happening.
Today’s Biggest Housing Market Myths
If you have questions about what you’re hearing or reading, let’s connect. You deserve to have someone you can trust to get the facts and sort out the misconceptions.
How To Choose a Great Local Real Estate Agent
The right agent should be someone you trust to guide you through one of the most significant transactions of your life.
How Mortgage Rate Changes Impact Your Homebuying Power
Real estate agents have the expertise to help you understand what’s happening and what it means for you.
What Credit Score Do You Really Need to Buy a House?
While many lenders use credit scores like FICO Scores to help them make lending decisions, each lender has its own strategy.
Is Affordability Starting to Improve?
While affordability is still tight, there are signs it’s getting a little better and might keep improving throughout the rest of the year. Here’s a look at the latest data.
Are There More Homes for Sale Where You Live?
Increased housing supply spells good news for consumers who want to see more properties before making purchasing decisions.
Where Will You Go After You Sell?
Want to see what’s available? Your real estate agent can show you what homes are for sale in your area, so you can see if there’s one that works for you and your needs.