Archive for May, 2009

Home price index falls as consumer confidence rises

Posted by admin On May - 28 - 2009

shoppingThere has been improvement in Consumer Confidence Index but the Home Price Index continues to disappoint. Experts are delighted with the high increase in consumer confidence which jumped 14.1 points in the period of last one month. This is quite a good jump and is much higher than predicted by the experts of the field. Thus, it is expected that consumers will start shopping in full flow soon. Since last September with the downfall of Lehman Brothers, the index has continued to fall considerably and presently is the highest since September 2008.

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