The Smart Team of NOVA® Home Loans

Consumer Confidence Up; Renter Homebuying Enthusiasm Fades

Posted To: MND NewsWire

The National Association of Realtors® (NAR) said consumer confidence is growing across the country, especially in rural and middle America. Its most recent quarterly Housing Opportunities and Market Experience (HOME) survey found the share of households who believed the economy is improving rose to the highest level during the first quarter of 2017 than at any time in the five-year history of the survey. Sixty-two percent of respondents expressed positive sentiments about the economy, up from 54 percent at the end of 2016 and 48 percent last March. NAR Chief Economist Lawrence Yun said the geographic dispersal of answers to the question represents an extraordinary reversal from previous surveys. Positive answers rose from 51 percent in the Midwest last quarter to 67 percent and in rural…(read more)

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Source: Mortgage News Daily

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