Consumer Expectations Falter on Home PricesBy RISMedia Staff
Americans' attitudes about their finances are leaning positive, but the expectation that home prices will rise significantly is tempering, according to the Federal Reserve Bank of New York's latest monthly Survey of Consumer Expectations.
Americans are anticipating a 3-percent change in home prices—a continuing downtrend, according to the survey. The expectation was 3.6 percent in September. When it comes to their finances and job prospects, Americans have a brighter outlook. Their earnings expectations are growing, now up to 2.5 percent for the upcoming year; the likelihood that they'll lose their job is down to 13.8 percent, while the likelihood that they'll find a new one is up to 58.8 percent. Source: Federal Reserve Bank of New York |
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