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Real Estate Chart of the Day
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Low mortgage rates plus rising consumer sentiment is helping to stabilize U.S. housing.
Many analysts believe that confidence correlates to spending. Looking at the trendline chart, they've got good reason -- there relationship between sales and confidence appears to be direct. But there's some analysis worth doing, too.
Consumer spending drives the economy. Without spending, there's no growth and, as a result, tepid retail sales reports force Wall Street to rethink its bets on U.S. economic recovery.It's a primary reason why rates return to 5 percent again and again. The economy is back from the brink -- banks are healthier, investment is returning, household net worth is up -- but consumers continue to stand en garde. Confidence is down.A recovery is not a recovery until consumers buy-in. Literally. And, right now, that's not happening.
