Each month, 500 individuals are randomly selected from across the United States to participate in the University of Michigan’s Surveys of Consumers. The results released in March 2015 revealed that consumer optimism reached the highest level in the past decade. Those surveyed judged “prospects for the national economy are the best in a decade, with half of all consumers expecting that the economic expansion will continue for another five years.”

This study has historically been a good predictor of consumer spending. The questions asked cover the consumers’ confidence in their personal finances, their work or business conditions, and future buying plans. The perception of consumers about their ability to find and retain good jobs is based on the current state of the economy and their personal financial situation.
There are so few ways to get an idea of what the average person feels about their future, that this snapshot every few months builds consumer confidence. The importance of consumer confidence in shaping the course of the economy has been recognized internationally. In the final analysis, the happiness and spending ability of you, the everyday consumer, is one of the most important foundations to an expanding economy.
The report went on to reveal that the public is starting to feel much better about the U.S. economy. Regional breakdowns of the responses are valuable for seeing the extent of the sentiment across the country. This overview can be a useful factor in the real estate market, along with indicators such as housing starts and existing home sales In essence, if consumer confidence is high, consumers will be making more purchases. Are you feeling confident? Maybe it is time to explore your options for purchasing a home. Your Home Advantage Plus employee home ownership program offers you a variety of mortgage options suited toward your personal financial situation and can SAVE you thousands of dollars off your mortgage loan and real estate costs.
Call 1-800-376-4603 or email info@advantagehomeplus.com to take the next step in your journey to home ownership.