December 29, 2015

...AND RICHER...:

Home Prices Still Rising at 5% Annual Pace (THE ASSOCIATED PRESS, DEC. 29, 2015)

Steady job growth, low mortgage rates and tight inventories helped spur rising home prices in October, and a stronger job market lifted consumer confidence in December, separate reports showed on Tuesday.

The Standard & Poor's/Case-Shiller 20-city home price index rose 5.5 percent in the 12 months ending in October, up from a 5.4 percent pace in September.

Home values have climbed at a roughly 5 percent pace during much of 2015, as strong hiring has bolstered a real estate market still recovering from a housing crash that led to a recession eight years ago. [...]

In another report, the Conference Board's consumer confidence index rose to 96.5 this month from November's revised 92.6. Americans were more optimistic about current conditions and about the future.

"As 2015 draws to a close, consumers' assessment of the current state of the economy remains positive, particularly their assessment of the job market," said Lynn Franco, the group's director of economic indicators.

The Sanders/Trump narrative can't survive the economy, especially with gas headed much lower.  

Posted by at December 29, 2015 7:03 PM

  

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