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Home Price Change Expectations Flat

Many homeowners have enjoyed a return to positive equity in recent years, with home prices on a consistent upward trend in most markets. How high will values go?

Potentially not much further, according to consumers in the June 2017 Survey of Consumer Expectations by the Federal Reserve Bank of New York, who held firm on their expectation of a 3.5 percent change in prices—the same expectation given in May.

Consumers, in addition, anticipate the median inflation rate to be 2.5 percent in one year and 2.8 percent in three years. The likelihood of finding a job, based on their perceptions, grew to 59.2 percent in June, and the likelihood of losing a job shrunk to 13.5 percent. The share of consumers surveyed with improved finances over the last year soared to 34.8 percent—a record.

Source: Federal Reserve Bank of New York

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Real Estate Reigns as Americans’ Preferred Investment

Real estate is the long-term investment of choice for Americans, who in a recent survey by Bankrate.com placed it ahead of bonds, cash, gold and stocks as the best method of building wealth over time. Real estate is now the chosen vehicle for the third consecutive time in the survey:

  • Real Estate (28 percent)
  • Cash (23 percent)
  • Stocks (17 percent)
  • Gold/Other Precious Metals (15 percent)
  • Bonds (4 percent)

Stocks have never been highly favored in the survey, despite their tendency to produce significant returns for investors who have a wide enough window to weather swings.

“We’ve begun to see rising yields on savings accounts,” says Mark Hamrick, senior economic analyst at Bankrate.com. “However, the preferences for cash and real estate indicate that too many people are leaving money on the virtual table by failing to be sufficiently exposed to the stock market, where higher long-term returns are found. This is especially the case for younger investors, who are in the best position to weather the inevitable short-term market volatility.”

Source: Bankrate.com

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