Folks, on balance, feel good about their present circumstances:
- Forecast range 96.5 to 102.0 from 57 estimates...
From the survey...
But not quite as good (as last month) about their prospects going forward:
- Current economic conditions index rose to 115.9 vs. 113.5 last month.
However, looks like politics -- or political ideology -- are at play. Not that folks, regardless of party affiliation, shouldn't wonder (the hype, from both sides, is palpable):
- Expectations index fell to 84.6 vs. 88.9 last month.
As for the marketability of their largest asset, consumers say home selling conditions are about as good as it gets:
- The largest decline in long-term economic prospects was recorded among Democrats, which reflected their concerns about the impact of the proposed changes in taxes.
And that their household income is on the rise:
- Home selling conditions were near the best levels in two decades due to home price gains and income certainty.
And that they expect inflation to pick up just a bit:
- 44% cited higher household incomes (when asked to explain recent changes in their finances), the highest level since 2000, and not far below the all-time peak of 50% set in 1965 and 1966.
- Expected change in median prices during the next year rose to 2.8% vs. 2.5% last month.
- Expected change in median prices during the next 5-10 years rose to 2.5% vs. 2.4% last month.
Looks like Goldilocks has found her porridge. And, for the moment, she's thinking the bears are a long way from home...