March 2017   Volume 43, Number 3      


Consumer Sentiment Declines in January but Remains Near 13-Year High

The University of Michigan said that its preliminary reading of consumer sentiment declined to 98.1 in January, a decline from December 2016’s final reading of 98.2. It is up 6.6 percent from a year ago.

Economists surveyed by The Wall Street Journal predicted a January reading of 98.6, a difference of 0.4 percent from the officially reported survey results.

In recent years, consumers have increasingly mentioned government policies and administrations during the survey, which indicates the important role that government action plays in how consumers feel about the economy.

“The postelection surge in optimism was accompanied by an unprecedented degree of both positive and negative concerns about the incoming administration spontaneously mentioned when asked about economic news,” said Richard Curtin, the University of Michigan survey’s chief economist.

Consumer sentiment recently reached its highest level in 13 years, up 7.5 percent in January from a year ago. The numbers are a sign of consumers’ confidence in the economy after the election of Donald Trump.

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In this issue:

How Trump’s Tax Plan Will Impact Real Estate

Average Real Estate Commissions Decline to Low 5 Percent Range

Consumer Sentiment Declines in January but Remains Near 13-Year High

Foreign Real Estate Investors Still Confident About U.S. Real Estate

Mortgage Applications Decline 12 Percent to End 2016

New Report Names CEO of Zillow as Most Powerful Person in Residential Real Estate

Rising Home Values Haven’t Shaken Consumers’ Memories of the Financial Crisis

U.S. Real Estate Sales Could Be Affected by China’s Capital Controls

Trump Administration Suspends Mortgage Premium Rate Cut

Keep an Eye Out for At-Risk Senior Clients


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