Home Prices Skyrocket

Consumer confidence hits record high

Image Credits: woodleywonderworks, Flickr.

Supply is tight, prices are soaring and mortgage rates are rising.

That shouldn’t exactly add up to a happy housing market, and yet, it does. Consumer confidence in housing jumped to its highest level on record in April, according to a monthly sentiment index from Fannie Mae.

Of the index’s six components, only the share of those who think it’s a good time to buy fell.

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