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Consumer confidence needs a boost.
As the housing market goes in the US, so goes the residential mortgage market. Historically speaking, these two industries have been joined at the hip, Siamese twins shaped by three key drivers - interest rates, the job market and consumer confidence.
For the past two years the press has quoted economists and housing pros warning about a so-called housing bubble here. It was a divided camp.
Some experts believed the US' five-year housing boom would end in a huge pop while others sided with the slow leak theory - a gradual, but orderly, slowdown in home sales and a levelling off of the insane price appreciation occurring on the coasts and in resort areas.
As the autumn…
- Consumer confidence index retreats to pre-election level. (Conference Board...
- Magazine article from: The Bond Buyer Davies, Stephen A. March 31, 1993 700+ words
WASHINGTON -- Consumer confidence, which soared...group said its consumer confidence index dropped to...economist for First National City Bank of Chicago...overall reading on consumer confidence. "Certainly...
- Consumer confidence needs a boost.
- News wire article from: Europe Intelligence Wire September 6, 2006 700+ words
...the job market and consumer confidence. For the past two...just a few things. Consumer confidence hit a yearly low...Ann Arbor and National City Mortgage (Miamisburg...to $3.5bn. National City recently placed...
- April's Strong Housing Shows Economy Poised For A Broader Advance; New,...
- Magazine article from: Investor's Business Daily Graham, Jed May 28, 2003 700+ words
...record levels, said Richard DeKaser, chief economist at National City Corp. He sees the current housing strength helping build...abating came Tuesday, as The Conference Board said its Consumer Confidence Index edged up to 84.8 in May, a six-month high...
- The Worrying Housing Bust; If home prices drop too much, the damage to consumer...
- Magazine article from: Newsweek October 16, 2006 700+ words
...new mortgages--interest only or less--aimed to maximize what a buyer could afford. A survey by Global Insight and National City Corp. estimates whether home prices in 317 metro areas are reasonable. In early 2000, 63 metro areas were judged overvalued...
- National City Presents Teleseminar: U.S. Economic Update IV.
- Press release article from: PR Newswire October 21, 2002 700+ words
...without consequence? National City Corporation will...quarterly updates with National City Corporation chief...does this affect consumer confidence? Participants can...chief economist at National City Corporation, Mr...
- Banks buy loan, credit portfolios to up assets. (National City Corp. and...
- Magazine article from: Crain's Cleveland Business Shingler, Dan March 11, 1991 700+ words
...these days of shaky consumer confidence and shrinking demand...financial institutions. National City Corp. vice chairman...100 million" to National City's assets. Mr. Daberko said National City will continue to acquire...
- Banks cropping loan-loss reserves; Key, National City among those following...
- Magazine article from: Crain's Cleveland Business August 29, 2005 700+ words
...including KeyCorp and National City are cutting their...reported that in National City's latest quarter...A. Richlovsky, National City's treasurer, told...robust economy, consumer confidence and other factors...
- TO SERVE THE NATIONAL CITY AND THROUGH IT THE NATION - Costello's pleasant...
- News wire article from: Asia Africa Intelligence Wire May 11, 2005 700+ words
...further dampen consumer demand by another increase in interest rates. This could well itself attack business and consumer confidence. The biggest problem, really, is with uncertainty about the international economy. Australia, as Peter Costello...
- Experts say hit to economy will be short lived.
- Magazine article from: Investment News O'Brien, Sarah September 17, 2001 700+ words
...with commerce; consumer confidence slipping further...up to 4.9%. Consumer confidence, which also was...anything good for consumer confidence. Richard DeKaser, chief economist at National City Corp. in Cleveland...
- Consumer Confidence by Region.
- Newspaper article from: Consumer Confidence Survey August 1, 2002 700+ words
Consumer Confidence by Region Seasonally unadjusted...July Aug. Sept. New England Consumer Confidence Index 120.0 117.5 124...90.2 81.5 Middle Atlantic Consumer Confidence Index 109.4 101.2 103...
Source: HighBeam Research, Consumer confidence needs a boost.
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