The U.S. Census Bureau reported that Retail Sales (excluding food items) rose 0.6%. This was a much larger increase than what traders expected and put Retail Sales at its highest level since emerging from the recession.
This is very important as home sales are largely based upon consumer confidence or their willingness to spend money. While various consumer confidence surveys and gauges have had mixed results, it is clear that consumers are showing their true confidence levels by spending more. If this trend continues, it will be very favorable for housing demand.
Call us with any questions you have relating to residential mortgages (208) 287-1717, we are always very happy to help. We specialize in home loans for first time home buyers, move up buyers, second home purchases, and resort lending. The loan products available to my clients include FHA, IHFA, VA, Conforming Conventional, Jumbo and Super Jumbo Portfolio.
Our primary markets are Ada County (Boise, Eagle, Meridian, Kuna, Star), Canyon County (Nampa, Caldwell, Middleton), and Valley County (Cascade, Donnelly. Tamarack, McCall).
