Economic Volatility Diminishes Confidence
Economic volatility in the stock market is diminishing confidence in a recovery of the US housing market, according to a new Housing Predictor opinion poll.
Volatility in the stock market has diminished confidence in the U.S. housing market recovering soon for the large majority of Americans, according to a new www.HousingPredictor.com survey.
Major swings and gyrations in financial markets, including the New York Stock Exchange, which has been experiencing 200 to 400 daily point swings for weeks have reduced confidence in the economy and sent consumer confidence to the lowest level since April 2009, according to the Conference Board.
The highest real unemployment since the Great Depression troubles the nation’s economy as fall-out from the financial crisis slows any progress the economy was making with record foreclosures weakening the economy.
A lack of confidence in the U.S. housing market keeps new home buyers sidelined, slows homeowners from making decisions about refinancing their mortgages, despite new record low mortgage rates and weakens the overall economy. Visit Housing Predictor for full details on the just released opinion poll.
Housing Predictor forecasts more than 230 local housing markets in all 50 U.S. states, keeps visitors current on markets across the country and up to date on real estate news and mortgage rates.
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- Mike Colpitts
- Housing Predictor.com
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