Consumers Ogling Home Prices

More good news!

The percentage of consumers who believe homes are attractively priced has increased to a record high even as concerns about higher prices for other items has dropped overall consumer confidence to lows not seen since the early 1980s, according to a University of Michigan index. "Buying conditions for homes improved, reversing much of the decline registered in March, as a record-high 58% of respondents felt that prices were low and good buys were available (interestingly, borrowing costs and credit conditions were viewed less negatively)," said RBS Greenwich Capital strategist Michelle Girard in a report on the university's consumer sentiment index.

If you're thinking about making a purchase, it probably makes sense to stay ahead of the curve.  It won't be long before buyers start flooding back into the market and prices jump...

JH

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