Consumers bummed by politics, but still determined to buy homes

By Jonathan Smoke | realtor.com

Economists say that our presidential candidates deserve an F for addressing economic matters in a meaningful way. Judging by the latest consumer confidence data, most consumers agree.

The Conference Board reported this week that the Consumer Confidence Index declined 2.1 points in May. That’s the lowest level since November. Consumers had soured on the present situation, as well as expectations for the future. The Expectations Index is at its lowest level since February 2014.

Yet ironically, intentions to buy homes and automobiles have continued to increase.

Continued:

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June 6, 2016

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