The National Association of Realtors (NAR) released numbers nothing short of remarkable in regard to the latest data on pending home sales across the U.S. Between July and August, the index jumped 8.8 percent and is up 24.2 percent from last August.
With a little assistance from rock-bottom mortgage rates, the housing market is continuing to bring out buyers. And while these numbers are great, they could be a little better. In the near future, we will absolutely need another economic stimulus package to encourage future economic growth.
Consumer confidence overall is also up. Numbers are showing the index jumped from 86.3 percent in August to 101.8 percent in September. These figures indicate a positive increase of 15.5 percent. People seem to also be feeling better about the economy in general. This index rose from 85.5 percent to 98.5 percent.