Americans feel a lot better about the economy and the improvements in the housing market are a big reason for that. Optimistic consumers spend more, which further stimulates the economy. The recent interest rates are working to free up the budgets of millions of households by lowering home mortgage payments. Unfortunately, housing traditionally lifted the economy out of recessions quickly, but this recovery still has a long way to go because of the persistent unemployment.
But we’ll take the good news about housing.