Americans confident despite falling home prices
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American consumers and investors became more optimistic in May, while U.S. home prices declined in the first quarter for the first time in 16 years, according to reports published on Tuesday.
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Investor's Business Daily - The ABC News/Washington Post Consumer Comfort Index shot up 5 points over the last week to -7, the best in several weeks. Some 39% of respondents said now&#39;s a good time to buy, a big rise from 33% last week. Americans also were more upbeat about the economy and their own finances. Gasoline prices, which have fallen back below $3 a gallon, likely are a big factor.
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The housing market will stagnate rather than slump, economists insisted after figures from the Halifax revealed a 1.1 per cent drop in prices last month.
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Consumers were feeling confident in January: the job market was chugging along and oil prices were down. But their optimism may dwindle on concerns that job and wage growth may slow.
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Guardian poll shows 55% of voters feel confident despite economic chills
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Federal Reserve Chairman Ben  Bernanke expressed confidence on Wednesday in the health of the  U.S. economy despite a housing slowdown, but warned of risks to  the current generally benign outlook for inflation.
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Pending sales of U.S. homes rose 4.3 percent in August in a sign the nation's housing market might be stabilizing, a trade association said on Monday.
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Stocks climbed on Friday as an unexpected rise in July new home sales calmed worries about the housing market slump, helping investors put aside fears about a recession.
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U.S. consumers are in good financial  shape, a top Fed official said on Monday, dismissing fears that  high levels of household debt are unsustainable.
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The nation's realtors think a housing recovery may be imminent, but don't bet on it.
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Property prices in Scotland are still looking healthy, despite the steepest fall in nine years across the rest of the UK. The latest survey from the Royal Institution of Chartered Surveyors shows that while
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Unexpected strength from weekly U.S.  jobless claims provided rare good news for the troubled U.S.  economy on Thursday, but a measure of buying demand in the  housing market continued to chill.
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The dollar so far has brushed off  signs the U.S. property market could be overheating as house  prices keep rising quickly and consumer demand stays robust.
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NEW YORK -- American shoppers took a breather last month as the worst housing recession in 16 years eroded demand for building materials, appliances, and furniture.
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The U.S. economy is growing robustly   despite a slowing housing sector, although inflation remains   above the central bank's comfort level, two top Federal Reserve   officials said on Monday.
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Average U.S. home prices rose 7.73  percent over the 12 months to September 30, but the  quarter-to-quarter gain was the lowest since 1998 and indicates  a sharp deceleration in house price gains, the U.S. Office of  Federal Housing Enterprise Oversight reported Thursday.
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Home building in the United States soared by an unexpectedly steep 8.3 percent in July, recovering from a slump the previous month as weather improved, a government report showed.