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.
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.
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