«With the current
high consumer confidence numbers and low unemployment rate, affordability trends do not suggest an immediate reversal in home price trends,» added David Blitzer, chairman of the Index Committee at Dow Jones Indices.
Not exact matches
While overall
consumer confidence increased in August, the
number of
consumers anticipating
higher incomes fell to 15.5 % in August versus 17.7 % in the month prior.
Growth has been underpinned by a
number of factors, including a
high level of
consumer confidence, a decline in the unemployment rate, favourable financial conditions and increases in wealth, fostered by rising housing prices.
Despite predictions of immediate financial and economic danger since the referendum we have seen
consumer confidence remain
high, record
numbers of jobs and economic growth that has has exceeded all expectations.
The home - sales market is poised for a winter of
high, if not record,
numbers, analysts say, pointing to these late - fall conditions: Both existing - home sales and new - home sales figures are up and staying up;
consumer confidence is
high; joblessness is low; and salaries are growing.