Friday, March 27, 2009

Americans spending more

Amazing as it sounds, people are spending more after months of tightening their belts. The Commerce Department told CNN that "Consumer spending rose in February, rebounding for the second month in row after falling for 6 straight months" which is great news for retailers, but also an important indicator that consumer confidence is on the rebound as well.

All of that means that the writing is on the wall: great home deals are here now (especially given that the Spring season has arrived), and as consumer confidence rises so will home buying, and the great deals you see today will start disappearing. Combined with the 52 year low mortgage rates, you'll be considered a genius in a few years when you are sitting in a greatly appreciated home!

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