There 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.

But as mentioned before the Home Price Index continues to disappoint with a fall of 19.1% in the start of this year as compared to start of last year. The house prices are continuously falling ever since they peaked in 2006. Hence, there are no signs of recovery in home prices.