blog.hsh.com

But I thought the housing market was improving? If you were under the assumption that housing had hit bottom, chances are you’re not alone.

The ever-changing monthly numbers and future projections have created a lot of back and forth expectations from consumers over the state of the housing market. The problem has been that the numbers themselves have flip-flopped from month to month. One month they look good, the next they look bad.

Falling Home Prices

The Conference Board’s index of consumer confidence rang in above estimates for the month of April. The 12.3-point gain ousted expectations of a five-point increase — launching this month’s gain to the fourth highest in the index’s 32-year history.

April’s increase led to the index’s highest-monthly reading since last November. Despite opinions that current conditions remain weak, consumer outlook for the future are improving. The index’s expectations component rose by over 19 points to its highest reading since last September.