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Consumers Mixed on Housing Economic Sentiment

first_img Consumer attitudes toward the housing market deteriorated slightly in June, reflecting a more subdued outlook as the sector pulls out of its early-year slump.Looking ahead to the next 12 months, 46 percent of Americans polled expect home prices to rise, Fannie Mae reported in its latest National Housing Survey. That share is down from 48 percent in May and 50 percent in April.On average, respondents anticipate a home price change of 2.4 percent, down half a percentage point from the previous two surveys and the lowest forecast since January, when news of a slowdown in price gains affected attitudes.Additionally, the share of respondents who said they expect mortgage rates to rise over the next year increased to 55 percent, ending a downward trend that began in February.”The uptick this month in the share of consumers expecting mortgage rates to go up and the accompanying decline in home price expectations reflect the pause of activity in the housing market so far this year,” said Doug Duncan, chief economist at Fannie Mae. “Despite recent improvement, we now expect an annual decline in existing home sales due to weak volume in the first four months of the year associated with the rise in mortgage rates mid-last year and the current dearth of supply of lower-priced homes.”In brighter news, 52 percent of consumers surveyed said they think it would be easy for them to get a home mortgage today, matching the survey’s record high.At the same time, the share of employed respondents who expressed concerns about their job security dropped to an all-time survey low, Duncan reported—consistent with June’s encouraging jobs report.”This may encourage potential homebuyers to enter the purchase market in 2014, helping to offset some of the weakness in sales activity,” he added.Overall, 39 percent of Americans polled said the economy is on the right track, up slightly from May, though more than half said it’s still on the wrong track.There was also a slight uptick in the share of respondents whose household income has risen “significantly” over the past year, accompanied by an increase in the share whose expenses have risen. July 7, 2014 437 Views Consumers Mixed on Housing, Economic Sentiment Consumer Confidence Fannie Mae Forecast Home Prices Mortgage Rates 2014-07-07 Tory Barringercenter_img in Daily Dose, Data, Featured, Headlines, News Sharelast_img read more

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Southampton Airport will welcome new cheap flights

first_imgSouthampton Airport will welcome new cheap flights to Grenoble and Zurich this winter, both popular ski destinations with UK skiers and snowboarders.This season marks the first time flights to Grenoble and Zurich have been available from the terminal.These two new routes join existing winter flights from Flybe to Berne, Chambery, Inverness and Salzburg.In total, the airport will offer flights to eight ski destinations over the winter, from where passengers can reach popular resorts including Chamonix, Meribel, Val d’Isere and Verbier.Mark Knox, customer service director at Southampton Airport, said: “It’s fantastic that Southampton Airport will be offering passengers such a wide variety of ski holidays this winter.”Ski enthusiasts can fly from their local airport to literally hundreds of Europe’s leading ski resorts.”Meanwhile, low-cost carrier easyJet announced ski season flights from nearby Bournemouth, as well as Bristol earlier this month.The airline will operate a schedule of 101 cheap flights to ski resorts across its entire network this winter, with services from Bournemouth to Turin and from Bristol to Grenoble. ReturnOne wayMulti-cityFromAdd nearby airports ToAdd nearby airportsDepart14/08/2019Return21/08/2019Cabin Class & Travellers1 adult, EconomyDirect flights onlySearch flights Map RelatedAir Southwest switches ski destinationAir Southwest has announced that its flights for the winter ski season will land in Grenoble and not in ChamberyNew ski routes unveiled from SouthamptonBlue Islands is to introduce new routes to ski destinations around Europe this month.Winter season begins at Southampton International AirportThe winter season has got underway at Southampton International Airport,last_img read more

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