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Tag Archives: Consumer Confidence

California Coastal Housing Unaffordable Again

One of the earliest phenomenon of the housing bubble was the ascension of home prices, making housing unaffordable relative to incomes. Markets across the nation cascaded from affordable to unaffordable--a key signal that prompted us to warn of the coming housing downturn. And it now appears that this symptom has cropped up once again, as almost all of California's coastal cities are now unaffordable.

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Why so Few Houses for Sale? Lots of Reasons.

Inventories of homes for sale have been slow to bounce back since the 2007-09 recession, despite steady price appreciation since January 2012. Normally, higher prices reflect robust sales. But lately, prices have been rising even though sales remain stuck at relatively low levels, largely due to a lack of inventory. So why are there so few homes for sale? Two Fed economists examine the many factors affecting today's inventory levels.

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Analyst: Today’s Recovery Is ‘Atypical’ but Undeniable

In a report released this week, Clear Capital linked high levels of distressed sales activity with high levels of home price appreciation, something that may seem out of the ordinary. However, in a conversation with DS News Wednesday, the company's VP of research and analytics explained that this trend is in keeping with the ""first-in-first-out"" recovery the nation has been experiencing over the past 18 months.

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Consumer Sentiment Rebounds as Stagnant Outlook Emerges

Consumer sentiment rebounded in November, though Americans haven't yet forgotten the government shutdown that brought confidence down in October. The Index of Consumer Sentiment, a joint measure tracked by the University of Michigan and Thomson Reuters, rose to 75.1 for the final November tally, making up some of the ground lost in October, when it dropped to 73.2. Last year, the index was measured at 82.7.

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Consumers Remain Uncertain About Economy

After taking a sharp dive in October, consumer confidence continued to decline at a more moderate pace in November, indicating the level of uncertainty that still grips the country. The Conference Board's Consumer Confidence Index dropped two points to 70.4 in the most recent reading. The decline follows a more substantial nine point decrease in October stemming from the partial federal government shutdown.

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Economists Surprised by Drop in Consumer Sentiment

The University of Michigan's preliminary Index of Consumer Sentiment report shows a drop in confidence for November--and Capital Economics' Amna Asaf is at a loss to explain why. The index fell from 73.2 to a two-year low of 72.0 in the first November report. With the economy in a relatively healthier position compared to last month, Asaf--an economist for the macroeconomics research firm--says the decline is something of a surprise.

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Lawmakers’ Lack of Governance Has Minimal Impact on Confidence

Are Americans so accustomed to the ineffectiveness and triviality of Congress that the threat of a third week with essentially no governing body barely registers a blip on consumers' confidence scale? The University of Michigan's Index of Consumer Sentiment was better than many analysts were expecting given the situation in Washington, dropping from 77.5 at the end of September to 75.2 at mid-October.

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Commentary: Congress’ Deadliest Weapon? Uncertainty.

The federal government shutdown is center stage in the news and the question that is repeatedly asked is: What impact will it have on the economy? Of course, the potential economic impact will be difficult to gauge because the shutdown has stopped the flow of government data releases until the funding battle is resolved. Luckily, one key indicator remains live.

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Consumers Down on Housing Leading Up to Shutdown

Continuing the trend observed in August, Americans' enthusiasm for the housing market abated last month as the government's fiscal policy debate came back into the spotlight. Fannie Mae says it's found that although consumers are ""generally positive"" about housing and the economy, attitudes over the last few months suggest optimism has hit a plateau, even softened.

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2Q GDP Maintains 2.5% Growth Pace

The nation’s economy grew 2.5 percent in the second quarter, slower than economists forecast, the Bureau of Economic Analysis said Thursday. Economists had expected the report the third in the series of monthly GDP reports by the BEA to show the economy had grown at a 2.

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