first_img Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Consumer Confidence Employment Home Prices Jobs New York Federal Reserve Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Consumer Confidence Employment Home Prices Jobs New York Federal Reserve 2015-01-12 Tory Barringer Home / Daily Dose / Survey: Americans’ Attitude Mixed Toward Housing, Economy The New York Federal Reserve’s year-end Survey of Consumer Expectations showed little change between November and December, though there was a slight dropoff in Americans’ financial expectations, according to results released Monday.Consumers’ median earnings growth expectations were 2.5 percent for the year ahead in December, the New York Fed revealed. While that marks a step back from November’s reading of 2.7 percent, it’s still the second-highest reading since the start of that measure in July 2013.For all 2014, median growth expectations came in at 2.3 percent, weighed down by a trough in confidence in the spring.Median household income growth expectations also dipped but remained near their high at a rounded-off 2.9 percent.While wage projections were down slightly, job market confidence improved, boosted by strong employment reports through much of the year. According to the New York Fed, consumers last month said the average perceived probability of losing their job was 14.5 percent, down nearly a percentage point from November and the lowest level since July 2013. Improvements were seen across all education groups.Meanwhile, the average probability of bouncing back into a job within three months of being fired was 51 percent, also up close to a percentage point and turning around a four-month decline.The results mirror the latest National Housing Survey results released last week by Fannie Mae. In that survey, Fannie Mae found 41 percent of respondents believe the country is on the right track economically, though a rising share reported declining household incomes.As in the Fannie Mae survey, housing attitudes were mixed in the New York Fed’s poll. Looking at the year ahead, the median home price change expectation was 3.6 percent in December, down from November’s 3.7 percent and the 2014 average of 3.85 percent.On the other hand, respondents were more optimistic about their chances of getting a loan. Compared to a year ago, 23 percent of Americans in the New York Fed’s survey said credit is more available, an improvement from November. By this time next year, 24 percent expect credit to be at least slightly easier to obtain, up from 20 percent in November.  Print This Post The Best Markets For Residential Property Investors 2 days ago Survey: Americans’ Attitude Mixed Toward Housing, Economy Share Save January 12, 2015 743 Views center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Previous: Recent HAMP Loan Mods Re-Defaulting At Higher Rates Next: Former HUD Employee Receives Prison Sentence for Defrauding Government of $843K About Author: Tory Barringer The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img