Tag Archives: Consumer Expectations

According to MeridianLink’s latest Nationwide Mortgage Lending Survey, more than 30% of Americans are less confident in their ability to afford a home compared to five years ago. In addition, 55% expect mortgage rates to continue rising through the remainder of 2023.

Here's why consumers are optimistic about many aspects of their financial situation over the next 12 months.

A survey of consumer expectations for the next 12 months has been released by an affiliate of the Federal Reserve Bank. Found out how optimistic most Americans feel about the coming year and how this will affect the housing market.

A recent survey indicated that consumer expectations about the economy were stable for the most part, with one notable exception.

The expectations of consumers toward inflation, the economy, housing, personal finances, and the labor market were up across the board, which suggests that expectations are on the rebound.

Over the next 12 months, Americans expect median home prices to rise 3.87 percent, according to the latest data from the Federal Reserve Bank of New York. That figure is down slightly from the New York Fed's June survey, marking the second consecutive month of declining price change expectations. The decline is in line with Fannie Mae's most recent National Housing Survey, which showed a decline in expected price growth to 2.3 percent.

The University of Michigan/Thomson Reuters Index of Consumer Sentiment slipped to 79.9 in a preliminary March report after finishing February at 81.6. A consensus forecast from economists surveyed by Bloomberg projected a slight climb to 81.8. Even with the latest decline, “[c]onsumer sentiment has been weathering the winter rather well,” said Chris Christopher, director of consumer economics for IHS Global Insight.