U.S. Consumer Confidence rebounded strongly in March within optimism over the labor market while house prices increased in January.
Rising confidence and home prices adds to the belief that the first-quarter slowdown will be temporary.
While consumers were less optimistic about the short-term outlook, they had greater confidence in the labor market, with the share of those anticipating more jobs in the months ahead increasing significantly. The proportion of consumers expecting income growth also rose solidly, which should help to strengthen Consumer spending.
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Everyone’s drawn to the biggest, most beautiful house on the block.
But bigger is usually not better when it comes to houses. There’s an old adage in real estate that says don’t buy the biggest, best house on the block. The largest house only appeals to a very small audience and you never want to limit potential buyers when you go to re-sell.
Your home is only going to go up in value as much as the other houses around you. If you pay $600,000 for a home and your neighbors pay $350,000 to $300,000, your appreciation is going to be limited. Sometimes it is best to is buy the house that has the most deferred maintenance on the block, because the worst house per square foot always trades for more than the biggest house.