"Despite market turmoil following the April 2 announcement of Trump's tariffs, the survey showed an unexpected increase in the index, driven by less job concern."
"A significant drop in the sentiment towards selling homes was noted, with the percentage believing it's a good time to sell decreasing markedly year-over-year."
"While attitudes towards buying a house remain largely negative, there was a slight uptick in the belief that it's a good time to buy, although 77% still disagree."
"Consumer confidence plummeted by 32% since January, highlighting the detrimental effects of mixed economic signals on American households."
Despite concerns following Trump's new tariffs, a survey indicated a slight increase in economic sentiment, attributed to reduced anxiety about job loss. However, perceptions on the housing market shifted, with fewer believing it's a good time to sellâdown 6 percentage points year-over-year. In contrast, attitudes towards buying remained stable but pessimistic, as 77% still view it negatively. With rising inventory yet steady sales, respondents see more competition among sellers. Additionally, consumer confidence has dramatically fallen by 32% since January, signaling broader economic trepidations.
Read at www.housingwire.com
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