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Consumer confidence continued to slide down in January, according to data from The Conference Board, however, experts feel the downtrend is not outside of the range it’s been in the past few years. “Consumer confidence has been moving sideways in a relatively stable, narrow range since 2022. January was no exception,” said Dana M. Peterson,…

The post Consumer Confidence Continues Slide, Remains Above Recession Line appeared first on RISMedia.

The University of Michigan’s consumer sentiment index improved for the fifth consecutive month in December, rising about 3% to its highest reading in seven months. A surge in buying conditions for durables led Current Economic Conditions to soar more than 20%. Rather than a sign of strength, this rise in durables was primarily due to…

The post Consumer Sentiment Rises for Fifth Straight Month in December appeared first on RISMedia.

Remember the days of 3% mortgage rates? As a relieved nation emerged from the Covid-19 pandemic in 2021, along with it came those historically low average mortgage rates below 5.00%, 4.00% or even sub-3.00%. But as inflation began to increase so too did mortgage rates, rising to nearly 8.00% in 2023 and 2024, their highest…

The post Lender Data Shows Refinance Offers Have Increased 42% Nationwide Over the Last Year appeared first on RISMedia.

How are consumers feeling overall, and how does that translate to a real estate sale? The question is multifaceted, but asking it could be key to learning where buyers stand as the election fast approaches. The consumer sentiment index indicated yet another rise, for the third consecutive month, per the University of Michigan’s survey of…

The post Consumer Sentiment Rises Slightly for the Third Consecutive Month appeared first on RISMedia.

A key skill to being a real estate agent is judging a buyer’s mood. So how are consumers feeling on a wide scale?  Consumer sentiment dipped slightly in the early days of October 2024, from 70.1 to 68.9, per the latest report for the University of Michigan. This monthly change comes in below expectations; median…

The post Consumer Sentiment Shifts From Gains to Slight Decline appeared first on RISMedia.