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Update Dallas | A central hub for market and real estate news affecting the Dallas region.

A central hub for market and real estate news affecting the Dallas region.



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Consumers Remain Positive on Housing, Reserved on Economy

March 12th, 2013 | by The Update
Consumers-Remain-Positive-on-Housing-Reserved-on-Economy-.jpg

Consumers are living in a bipolar world, where optimism about housing is on the rise even as Americans remain wary of the economy as a whole, Housingwire reports.

As home prices and demand rise in certain housing markets, such as in Dallas-Fort Worth, consumers are growing more positive. On the other hand, automatic spending cuts are now dampening consumer sentiment about household finances and the economy, Fannie Mae said in its February National Housing Survey.

Consumers on average expect home prices to rise 2.9 percent over the next 12 months, the highest reported increase in confidence since the survey’s inception in June 2010 and a 0.5 percent increase over the previous month.In contrast, the number of consumers who expect their personal finances to improve fell two percentage points to 41 percent. Click here to read the full story from Housingwire.

Click here to see beautiful luxury homes for sale in Dallas-Fort Worth and beyond.

Click here to connect with a luxury real estate expert at Briggs Freeman Sotheby’s International Realty.

 

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