Home prices and consumer confidence point toward recovery

    The Federal Housing Finance Agency (FHFA) reported a 4.7% annual increase in August for the House Price Index (HPI). This increase in home prices is the largest yearly increase in 6 years — since a 4.9% increase in August 2006.

    Combine this housing indicator with continued increases in consumer confidence and you have to be optimistic about the economy trending toward recovery.

    Trackback from your site.

    Leave a Reply