Consumers’ perception of the economy plays as vital a role in shaping market activity as hard economic data, as consumers will want to know whether the economy is on solid footing before they make a major financial decision (such as buying a home). The latest report on Consumer Confidence from the nonprofit Conference Board—based on…
The optimism of a new year does not seem to have brought a boost to U.S. consumer confidence—quite the opposite, in fact. According to the latest survey from the Conference Board, consumer confidence has fallen to its lowest level since 2014, lower even than the depths of the COVID-19 pandemic. “Confidence collapsed in January, as…
As a new year comes up around the corner, how are consumers feeling about the economy as this year ends? The latest monthly Consumer Confidence Index update, assembled by The Conference Board, found that confidence was down in December. The November Consumer Confidence Index, which was reported at the time as a sharp drop, saw…
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The Conference Board Consumer Confidence Index, which measures American opinions of current economic conditions and their outlook for the next six months, declined by 6.8 points in November to 88.7 from 95.5 in October, as already negative consumer attitudes toward the economy appear to be souring further. The Present Situation Index—based on consumers’ assessment of…
There is no quantitative, universally recognized definition of a “buyer’s market” or a “seller’s market.” But that shouldn’t stop real estate professionals from recognizing or calling out when the balance of power has shifted—as it seemingly has in recent months. According to RISMedia’s most recent Broker Confidence Index (BCI) survey, most brokers feel their markets…
Consumer reports of economic confidence are mixed in October as the government shutdown and other economic challenges persist. The latest Consumer Confidence Index from The Conference Board found that confidence fell by one point to 94.6 in October, down from an upwardly revised 95.6 in September. Stephanie Guichard, senior economist of Global Indicators at The…