More Good News for the US Economy?
The US economy has seen a heartening rebound over the past few months, with GDP and income ticking up and jobs steadily returning.
The positive results give us reason to be optimistic about the housing market, both nationally, but also locally in Westford (asÂ Westford MA home prices rise). Â The combination ofÂ rising household incomesÂ andÂ low financing costsÂ are creating a tremendous buying opportunity for those looking to get into the market.
More good news came through in the past week for the US economy on top of this with the Conference Board of Consumer Research Center's Consumer Confidence Index.
The Index in January has approached levels not seen since May 2010.
More specifically, a fullÂ 19.0% of the survey respondents anticipate improving business conditionsÂ over the next six months - a marked increase over the previous month's level of 16.8%.
The portion ofÂ consumers expecting their personal and household incomes to riseÂ also grew in the latest results - to 11.4% from 9.9%.
While unemployment still remains high on a national level, the latest spate of positive macroeconomic news seems to be setting a stage for a strong spring in the real estate market.
With mortgage rates already starting to climb off of their historic lows andÂ Westford MA homesÂ prices rising, now is looking increasingly like a good time to be looking if you're an opportunistic home buyer.
If you're considering starting yourÂ Westford MA homesÂ search, contact us today to get us started working for you!
Browse our exclusiveÂ Westford MLS searchÂ to see all current listing in Westford MA!