Home prices, consumer confidence seen increasing significantly

The latest S&P/Case-Shiller Home Price Indices show increases in housing values for metropolitan areas across the country during March, while the Consumer Confidence Survey for May from the Conference Board outlined consumers' estimations for further improvement in the future and largely positive sentiment for current conditions.

In addition to busier schedules, real estate agents nationwide may have also been noticing their commissions growing substantially lately.

Amid affordable mortgage rates, increased consumer activity and heightened home prices, lending companies have been reporting an improved sense of safety and soundness that is echoed by housing professionals helping individuals benefit from bolstering business conditions.

The latest S&P/Case-Shiller Home Price Indices show increases in housing values for metropolitan areas across the country during March. The organization's 10-City Composite improved by 1.4 percent from the previous month and by 10.3 percent from its year-ago level. Meanwhile, the 20-City Composite rose 1.4 percent from February's figures and 10.9 percent from March 2012 amounts.

Using property data from the largest cities, it was reported Charlotte, North Carolina; and Tampa, Florida were among the areas which recorded the largest month-over-month gains seen in more than seven years.

The Consumer Confidence Survey for May from the Conference Board outlined consumers' estimations for further improvement in the future and largely positive sentiment for current conditions. After being seen at 69 in April, this month's index reading was recorded at 76.2. The Present Situation Index and Expectations Index also exhibited significant gains. 

In addition, many more individuals said they believe economic conditions will continue bolstering and anticipate seeing growth in the labor market. Accordingly, real estate agents nationwide may want to being planning for increased business.



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