In line with expert's estimates, the The Standard & Poor's/Case-Shiller home price index rose by 0.4 percent.
This was the 5th month in a row for an increase. But, the index was lower by 7.3 percent from October last year.
The index is now up by 3.4 percent from its May bottom but is below it's April peak yy 30%in April 2006. Only 11 of the 20 cities tracked in the report showed gains.
Reports showing an increase in durable goods orders and a decline in claims for unemployment benefits helped spur the market higher last week. On Monday, investors were encouraged by a jump in retail sales.
Consumer Confidence Grows
Consumer spending is the key to our economic growth.The better consumers feel about the economy, the more likely they are to spend.
Economists expect the consumer confidence index to rise to 52 in December from 49.5 in November's. The years low of 25.3 was set in February. A reading above 100 is a sign of stronger growth.
Now is the time to buy a Bluffton SC home. The opportunities could not be better and the low interest rates won't last forever. Go here to get a feel for home selling prices for Bluffton, and the greater Hilton Head Area.
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