With housing affordability remaining an issue nationwide, the CFPB's Making Ends Meet report—an annual survey of consumer financial health—shows many downtrends in consumers’ ability to repay their debts.
Read More »Less Consumer Spending Leads to Q2 Household-Debt Decline
Temporary COVID-19 relief measures may mask the very real financial challenges that Americans may be experiencing as a result of the pandemic and subsequent economic slowdown.
Read More »Fannie Mae: Housing Market Headwinds are Temporary
The housing market might have had a rough start to the year, but according to Fannie Mae’s Economic and Housing Outlook released on Monday, this quarter seems to ...
Read More »Fannie Mae Says Uncertainty Lies Ahead
The U.S. is embarking on its ninth year of economic expansion and Fannie Mae is predicting economic growth rebound. Consumer spending growth is expected to return to its position as the biggest contributor to economic growth. With labor and inventory shortages still prevalent, the housing market hasn’t changed very much and home prices are still on the rise. Based on their research, Fannie expects mortgage rates to remain supportive, but the outlook on existing home sales remains cautious.
Read More »Fannie Mae Forecasts Weak Economic Growth for Rest of 2015
Economic growth in the second quarter fell short of July expectations, presenting a less promising outlook for the rest of the year, according to Fannie Mae’s August 2015 Economic and Housing Outlook.
Read More »Consumer Sentiment Hits 11-Year High in Preliminary Reading
A first-look reading of the University of Michigan/Thomson Reuters consumer confidence index shows the measure climbed to 98.2 as of mid-January, up nearly five points from a final December reading of 93.6 and from a consensus forecast of 94.1 among economists polled by Thomson Reuters.
Read More »Third-Quarter GDP Gets Major Upward Revision
According to a third reading released Tuesday by the Bureau of Economic Analysis (BEA), gross domestic product (GDP) increased at an annualized rate of 5.0 percent in Q3, up from an earlier estimate of 3.9 percent and an estimate of 4.6 percent in the second quarter.
Read More »Consumer Sentiment Rises in First-Look Reading
The Thomson Reuters/University of Michigan survey of consumer sentiment came in at a preliminary index reading of 93.8 for December, up from November's final reading of 88.8. December's report beat economists' forecasts by more than four points and puts the index at its highest level since January 2007.
Read More »Consumer Sentiment Continues Growth Streak
The Thomson Reuters/University of Michigan consumer sentiment index saw its fourth straight monthly gain last month, climbing to a reading of 88.8. The final index fell in between October's final value of 86.4 and a mid-month reading of 89.4 and was once again the highest level since July 2007.
Read More »Consumer Confidence Turns Down in November
The Conference Board's index of consumer confidence declined to 88.7 in the group's November reading, according to a report. The drop follows a bump of more than five points in October to a post-recession high of 94.5 (revised to 94.1 in the latest measure).
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