A Virtuous Cycle for Housing Prices & Consumer Confidence?

The business cycle bears took another hit yesterday. Home prices rose at a 10.9% annual pace in the March update of the 20-city composite of the S&P/Case-Shiller Home Price Index. That’s the fastest rate of increase in seven years. Meanwhile, consumer confidence rose to a five-year high this month, the Conference Board reports. Two data [...] View the full post at: A Virtuous Cycle for Housing Prices & Consumer Confidence? Related posts: Gasoline Prices and Consumer Sentiment Declines in Home Prices May Be Long-Lasting, Robert Shiller Consumer Confidence Slumps To Record Low… Finally!