|
| |
cse shiller: Consumer Confidence: Is The Tail Wagging The Dog? - 05/26/09 10:24 AM
Consumer confidence jumped from 40.8 in April to 54.9 in May, the largest one-month jump since April of 2003, according to Reuters.
In light of May's surge in consumer confidence as well as a deteriorating job market and housing market, it begs the question, is the tail wagging?
What I mean by this is that there are three things that people are going to be economically concerned with; their jobs, their homes, and their retirement or investment accounts. These factors are going to drive consumer confidence.
We know that the job market, despite the government's best efforts to blunt the reports, is continuing to … (2 comments)
|
cse shiller: Case-Shiller: Home Prices Fall By 19.1% In First Quarter - 05/26/09 08:30 AM
According to Case-Shiller, home prices dropped -19.1% in the first quarter and are now down -32.2% since peaking in the second quarter of 2006.
While we can debate the accuracy in terms of the percentage changewith the Case-Shiller index as there are a couple of other indexes that track home values with varrying percentage declines, the on thing that is not up for debate is the trend that the housing market is still in a free fall in terms of home values.
The NAR data also points to continued and precipitous home value declines.
Now while this data is concerning, keep in mind … (2 comments)
|
|
|
|
|
|
Mark MacKenzie
Phoenix,
AZ
More about me…
Mark MacKenzie Real Estate Planning
Office Phone: (480) 600-0330
Email Me
 Links
Archives
|
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
;)
;)