Call it what you will – grasping at straws if you must. But if it becomes a trend …

But there is a glimmer of hope for the housing market.  When asked of their plans to buy a home, consumers’ expectations increased for the first time since August, rising from a reading of 2.5 to 2.7.  This change is not large by any measure, but the change in direction is important if it becomes a trend.  We will monitor this component carefully given that the current soft sales are heavily driven by the lack of confidence. 

Technorati Tags: economics, NAR