confidence surged to a 16+-year high in March. Consumer optimism is
supported by a strong labor market and a positive economic outlook.
GDP increased 2.1% in the 4th quarter, signaling economic growth.
Consumer spending accounts for more than 2/3rds of U.S. economic
Fed members made comments this week supporting more than 3 rate hikes
this year. The majority still favor a gradual approach to increases
home sales rose 5.5% in February, a 2.6% increase year-over-year. Warm
weather and potentially higher interest rates have been said to be the
prices roared to the highest levels in nearly 3 years as demand remains
strong. Tight inventory continues to be an issue, supporting increasing
winter weather also has led to a surge in new home construction.
However, homebuilders are struggling to find enough workers to meet
For all your Residential and Commercial Real Estate Appraisal needs please contact:James M. Hanson Associates, Inc.Phone: (609) 884-9185Email: Info@AppraiseNewJersey.comCommunity Resource LinksCape May Chamber of CommerceCape May County Chamber of CommerceAvalon Chamber of CommerceAtlantic City Chamber of Commerce
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