Consumer confidence is rebounding with recent upswings in durable good purchases such as automobiles and furniture, showing consumers are less afraid of losing jobs and income. According to Freddie Mac Chief Economist Frank Nothaft, by and large the housing price slump will bottom out mid 2011, noting that some areas have already seen price increases in homes. Spring 2011 will be the perfect time to jump into the market, with low prices and still low interest rates.
