Consumer confidence - Articles

U.S. Housing Market Seeing Signs of a Spring Thaw

The Associated PressApplications for home loans are at their highest point in two months. By Lewis Krauskopf and Michelle Conlin In Indianapolis, an open house event tends to draw 10 people on a good day. But after the snowiest winter on record for the U.S. Midwestern city, prospective homebuyers were champing at the... Continue Reading »

U.S. Homebuilder Confidence Surges in December

Mike Groll/AP By ALEX VEIGA U.S. homebuilders' confidence bounced back strongly this month, a sign that construction and industry hiring may pick up in coming months. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday climbed to 58. That was up from 54 in November and matched... Continue Reading »

Home Foreclosures Fall to Lowest Level in Nearly 8 Years

Ariel Skelley/Getty Images By ALEX VEIGA LOS ANGELES -- Fewer U.S. homes entered the foreclosure process or were repossessed by banks in June, the latest sign that the nation is shaking off its housing bust hangover. Lenders initiated the foreclosure process on 57,286 homes last month, the lowest level for any month in... Continue Reading »

Done Cheering for Home Sales? Here's What's Really Going On

Existing home sales are up: Rah! Rah! Rah! You're probably hearing the resounding cheers as the National Association of Realtors reported Thursday that sales of existing homes rose to a three-year high in February. Even more exciting is that real estate inventory, which has been frustratingly low for quite a while,... Continue Reading »

Home Price Increase Exceeds Experts' Forecasts

NEW YORK -- U.S. home prices picked up in April for the third month in a row, the latest indication a recovery in the housing market is gaining traction. But in a sign of the struggles still facing the broader economy, separate data on Tuesday showed consumer confidence fell to its lowest level in five months in June as... Continue Reading »

Consumer Confidence in Home Prices Still on the Wane

The average consumer expects home prices to decline by at least 0.5 percent in the next 12 months, according to a new monthly consumer survey from Fannie Mae. That forecast reverses the trend from May, when most consumers interviewed by the government-sponsored enterprise said that they expected at least a slight home... Continue Reading »

Housing Outlook: Homebuilder Confidence Stuck in a Rut

Homebuilder confidence remained flat in May, as tight credit and a glut of distressed properties on the market continue to deflate expectations. The National Association of Home Builders/Wells Fargo Housing Market Index, which gauges builder confidence on three criteria -- current home sales, projected sales in six months... Continue Reading »

Housing Market Stumbles, Can Economy Soar?

An unstable housing market may have plunged the U.S. economy into a tailspin, but according to Steve Goldstein at MarketWatch, the recovery may no longer be dependent on the health of the real estate market. Are we seeing, for the first time, a departure from the kind of rhetoric that defined the American Dream? Has the... Continue Reading »

Home Prices Rise 4.6%, Biggest Jump Since 2006

A leading index of property values jumped 4.6 percent in May as compared to May 2009, the largest year-over-year increase since August 2006. However, most analysts agree that the jump shown by the S&P/Case-Shiller index was largely attributable to the $8,000 federal homebuyer tax credit, which required a signed... Continue Reading »

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