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Tag Archives: Consumer Expectations

Confident in Earnings, Less So in Spending

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.

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Home Price Expectations Down Slightly

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.

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Consumer Sentiment Steps Back

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.

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