Buyer Demand Continues to Rise; Home Showings Improve

For the first time in several months, there are more signs of optimism than negative effects on the economy, according to a summary from the California Association of REALTORS®. 

After suffering from its worst decline in April in nearly 50 years, the Conference Board’s Consumer Confidence Index ticked up slightly in May, indicating that the economy and market may have begun to stabilize. Homebuyer demand is beginning to show signs of life, as well as the U.S. recorded its 6th consecutive increase in new purchase-money applications.

To read more about the critical indicators pointing toward recovery, click here.