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• Rich - Oct 27 2009 | the, housing, mortgage, real estate

  Interesting analysis from the Royal Bank of Scotland that prices are stabilizing ahead of schedule. Recent reports have shown a consistent month to month trend of slowed pricing decreases. However, the US consumer confidence report for last month just came out and said that confidence dipped significantly more than analysts had anticipated. Spending, as this article suggests, may have been stable for the period examined, but it appears that there is still some instability ahead.

  Quoted: The US economy and housing market in particular are recovering well ahead of the schedule previously anticipated by analysts and market observers, according to commentary by Royal Bank of Scotland (RBS) economists. RBS raised its near-term gross domestic product (GDP) forecasts “significantly” in response to positive economic data. Risks of a second economic dip are diminishing as post-Cash for Clunkers consumer spending remains stronger than analysts expected.

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