March 19, 2014

According to the latest American Express Spending & Saving Tracker, 2014 is looking to be a big year for new homes and do-it-yourself projects.

“All of the costs associated with moving can really add up, but more consumers are feeling confident that they can afford to put down new roots,” said David Rabkin, SVP of Consumer Lending Products for American Express. “With more people looking to purchase a home this year instead of rent, and with seller confidence on the rise, it will create an interesting push and pull as buyers and sellers negotiate.”