Americans are feeling worse about the economy just as financing a home becomes more expensive. For sellers, that combination creates a problem an attractive photograph cannot solve: buyers need both the money and the confidence to commit. The University of Michigan’s preliminary October consumer sentiment index fell to 46.3 from September’s 48.1, its lowest reading in five months. Economists surveyed by Reuters had expected 47.8. The October 9 release also showed expectations for inflation over the next year increasing to…
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Consumer Confidence Just Hit a Five Month Low. Housing Has a Payment Problem and a Trust Problem.
Americans are feeling worse about the economy just as financing a home becomes more expensive. For sellers, that combination creates a problem an attractive photograph cannot solve: buyers need both the money and the confidence to commit.
