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Consumer Expectations Are Lower Across the Board

first_img Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Consumer Expectations Are Lower Across the Board Previous: Amid Optimism for America, Obama Fails to Mention Housing Policy Next: How Effective are Fannie Mae and Freddie Mac at Preventing Foreclosures? January 12, 2016 1,269 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News The Best Markets For Residential Property Investors 2 days ago The President spoke of optimism for America’s future in his final State of the Union Address on Tuesday night. A recent survey from the Federal Reserve Bank of New York found that he may not have much company as far as that optimism, however.Consumers appear to be less optimistic about their future with regard to the economy, the job market, and personal finances, according to the New York Fed’s December 2015 Survey of Consumer Expectations (SCE). The metric that took a big hit was median one-year earnings growth expectations, which dropped from November’s 2.5 percent to 2.0 percent in December, which was the level it hovered around for the second half of 2015. This was the largest drop for this metric since the SCE’s inception in June 2013.“The decline was widespread across all age groups, and especially strong for low education and middle-income workers,” the SCE stated.That was far from the only data point in which consumer optimism declined, however. One-year ahead median household income growth expectations continued a declining trend, this time from 2.6 down to 2.3 percent—seemingly driven by younger, higher education, and higher income respondents, according to the New York Fed. That percentage fell in the 2.7 to 2.9 range for the first three quarters of 2015.The median home price change fell to 3.0 percent in December, driven by older and lower income respondents. This level matched the previous all-time low for median home price change, reached twice in February and August of 2015. Inflation uncertainty (uncertainty regarding future inflation outcomes) reached new series lows at both the one-year and three-year ahead horizons (2.40 and 2.54 percent, respectively) in December, and median inflation expectations remained flat at a series low for the one-year ahead horizon at 2.5 percent.Also according to the SCE, one-year ahead median household spending growth expectations took a sharp decline from 3.6 percent down to 2.9 percent down to its lowest level since the survey began two and a half years ago. Unlike the decline in income growth expectations, however, the decline in household spending expectations was driven by older, lower education, and lower income respondents, the SCE reported.While the mean probability of losing a job declined from 14.1 percent to 13.5 percent, the second lowest level since the beginning of the survey, the mean probability of finding a job in the next three months if a job loss were to occur also dropped fell from its series high of 55.1 percent in November, according to the SCE. At the same time, the mean perceived probability of voluntarily leaving a job dropped slightly in December and is near an all-time low.Click here to view the complete results of the SCE. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Brian Honea Related Articles Consumer Expectations Employment Federal Reserve Bank of New York Household Finance Jobs New York Fed 2016-01-12 Brian Honea Demand Propels Home Prices Upward 2 days agocenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Consumer Expectations Are Lower Across the Board The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Tagged with: Consumer Expectations Employment Federal Reserve Bank of New York Household Finance Jobs New York Fed Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Share Savelast_img read more

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The Queensland homes that are getting our attention this week

first_imgThe stunning interior of 36 Southern Cross Drive.The third most viewed home for the week is a Georgian-inspired stunner in the acreage Brisbane suburb of Chandler. Outside 102 Cobb Road.The home is designed to embrace the space that the 3012 sqm block offers with features including ensuites in two of the bedrooms, four living areas and six metre wide stacker doors. More from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours agoA bit of old world charm inside 102 Cobb Road.It is listed through Century 21 North Lakes as an express sale.Over on the Gold Coast a waterfront mansion on the exclusive Coronis Island was the second most viewed of the week.On a street filled with stunning mansions, 36 Southern Cross Drive still manages to stand out with its triple garage, internal elevator, granite benchtops, spotted gum timber floors and limestone and travertine tiles. If you think this looks fancy, just wait till you see inside.With 901 sqm of floor space, 652 London Road has a number of high-end additions including Spanish Crema Merfil marble flooring, French doors, cold room and a wine cellar. 36 Southern Cross Drive Surfers Paradise could be the perfect party pad.It will cost you though, with the listing through NGU Real Estate calling for offers between $4.8 and $5 million. center_img ELEGANT STYLE: A euro-styled mansion got a lot of attention online.AN EXPANSIVE Hamptons style home outside of Brisbane was the most viewed Queensland property on realestate.com.au for the week.The five-bedroom home at 102 Cobb Road in Burpengary, between Brisbane and the Sunshine Coast, has a spacious 518 sqm floor plan as well as an elegant design. Told you.The elegance continues outside with a water fountain, manicured gardens and a 20 metre lap pool.It is listed now through Place Bulimba.last_img read more