Home Prices | Consumer Confidence Reports

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Mortgage and Lending with Benchmark Home Loans 173024

Home prices continue to increase at a moderate pace across the U.S. with a stable housing market in November. The S&P Case-Shiller 20-City Home Price Index rose 2.6% annually up from the 2.2% gain seen in October. The national index increased 3.5% annually from 3.2% in October. The housing market has gained momentum since November as we are almost now in February for this backward-looking report.

A report out today shows that consumers will continue to drive growth and prevent the U.S. economy from slowing in early 2020. The Conference Board reports that its Consumer Confidence Index surged to 131.6 this month from 126.5 in December and above the 128.0 expected. Within the report, it showed that business conditions increased while the job component increased. Lynn Franco, Senior Director, Economic Indicators, at The Conference Board said, “Optimism about the labor market should continue to support confidence in the short-term and, as a result, consumers will continue driving growth and prevent the economy from slowing in early 2020."

Posted by

Steve Reed

Benchmark Home Loans

Branch Manager

NMLS #173024

Ark-La-Tex Financial Services, LLC NMLS #2143 

4138 Bristol Highway, Suite #4

Johnson City, TN 37601

Phone 423-232-0111

steve.reed@benchmark.us

www.stevereed.benchmark.us

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MichelleCherie Carr Crowe Just Call...408-252-8900
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Thank you for this update on what's happening in your local market.

Jan 28, 2020 11:46 AM #1
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Inventory is low so now is a great time to list and receive top dollar for your home.

Jan 28, 2020 01:17 PM #2
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Steve Reed very good detailed report on the home prices, consumer confidence.

Jan 28, 2020 07:58 PM #3
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