As reported by Mortgage News Daily, consumer confidence for the month of December is 9.3 points higher than November as depicted in a report by the Conference Board. The increased confidence has started to show in stock market gains and will hopefully follow suit in the housing market.
According to the report, consumers were 8.4 points more content with their current situation than the previous report with stats at 46.7 and 38.3, respectively. This statistic is the highest it has been since September of 2008. In addition, consumer expectations rose from 66.4 to 76.4 since this last November.
The outlook on jobs also slightly increased which shows an upturn in consumer's feelings of stability in the economy. The report indicated that the overall figures are at the highest they have been since April of this year.
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