Dive Summary:

• U.S. Consumer sentiment rose to the highest level in more than five years according to The Bloomberg Consumer Comfort Index released on Thursday.
• Record setting stock prices along with a rebound in the housing market has led to the wide-span rise in consumer confidence with every age group, region and several income brackets.
• The result of the report suggests that despite a recent slip in spending for U.S. consumers, the trend will most like ‘prove temporary’.

From the article:

Real estate prices are simultaneously on the upswing. The S&P/Case-Shiller index of property values in 20 cities rose 8.1 percent in January from the same month last year, the biggest gain since June 2006, according to a report released March 26. Homeowners surveyed for today’s comfort report said they were the most confident in a year.