Housing Market Confidence Improves

Recent data suggests that housing market confidence remains high. Approximately 50% of Americans believe that home prices will rise over the coming year while only 8% believe home prices will fall. Bankrate.com’s chief financial analyst, Greg McBride said, “when home prices fall, everyone gets a little queasy – homeowners and renters alike. The expectation of continued home price increases underscores an expectation for continued improvement in the job market, household finances and the overall economy.” The Financial Security Index from Bankrate.com was 100.4 this month, showing improvement from last year. More here

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