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Consumer Confidence Is Up Dramatically

Confidence in the economy is starting to cause consumers to think about their dream home again.  This is great news for the housing market.

It looks like Americans are regaining faith in the U.S. economy.  Numerous indexes, such as The University of Michigan Consumer Sentiment Index and The Conference Board Consumer Confidence Survey, have shown a dramatic jump in consumer confidence in their latest surveys.

This usually means good news for the housing market when the country sees an optimistic future.  People begin to dream again about the home their family has always wanted, and some make plans to finally make that dream come true.

Now, if you are considering moving up to your dream home, I believe it will be better to do it earlier in the year rather than later.  Two components of your monthly mortgage payment, home prices and interest rates, are both projected to increase as the year moves forward, and interest rates may increase dramatically, to about 4.75 percent.

So if you are feeling good about your family’s economic future and are considering making a move to your dream home, doing it sooner rather than later this year makes the most sense.

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Paul Rosso

Trusted Real Estate Adviser at RE/MAX Properties, Ltd
Paul has been selling real estate for over 30 years.. He has consistently been a top producer and has helped hundreds of families sell and buy homes in the area. Paul has achieved the prestigious RE/MAX Home Of Fame designation, the highest award given by RE/MAX. The award is given to those agents who have consistently produced the highest level of sales production and is awarded to less than 1% of all the agents in the world.

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