Articles Tagged with ''Consumer spending''

U.S. home values reach a record high of $26.1 trillion in Q1, Fed says

Home equity rises to the highest level since 2002
The value of all U.S. owner-occupied homes increased to a record $26.1 trillion in the first quarter, according to the Federal Reserve report released Thursday known as the Flow of Funds. Americans owned 60.4% of their homes in the first quarter, measuring the share of their home that was unmortgaged, the highest level of equity since 2002.
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Fannie Mae: Housing market will stabilize in 2019

Summarizes 2019 projections: "The economy’s slowing, the Fed slows, housing plateaus"
After multiple rate hikes brought volatility into the housing market, 2019 should see things stabilize as the pace of rate increases slows, according to Fannie Mae. Researchers said they expect little change for mortgage rates in the year ahead, and that combined with a slower pace of home price appreciation, should "support affordability and buyer confidence."
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Fannie Mae: Consumer spending growth to pick up in Q2

Full year growth expectations hold at 2%
Despite the slowdown in economic growth in the first quarter, Fannie Mae remained unchanged in its economic growth forecast, saying consumer spending is set to pick up in the second quarter. And while economic growth slowed in consumer spending, housing remained solid throughout the quarter.
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Consumers make saving a main priority

Could this boost consumer spending?
The latest report from the Commerce Department said that consumer spending is barely increasing since households are taking advantage of rising incomes to boost savings to their highest level in nearly three years.
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Consumer spending flat in June

Americans hold fast even as rates increase
Americans' daily self-reports of spending averaged $90 for the month of June, essentially unchanged from the previous two months, despite the surge in homebuying brought on by worries about rising interest rates. Here's what's happening.
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