Consumer sentiment is showing signs of improvement, with a decrease in the percentage of those expecting interest rates to rise and a reduction in job security worries. However, mixed feelings remain about household income stability. While many believe it's not a good time to buy a home, sentiment regarding selling has shifted positively, with increased confidence in home prices over the next year. The net share of those anticipating higher prices has risen, indicating a cautious optimism despite the prevailing concerns about personal financial situations.
While consumer fears about job security are easing, with only 22% worried about losing their jobs, the majority still feel uncertain about income stability.
Despite slight optimism in the economy and rising home selling sentiment, most consumers are still hesitant, with only 26% believing it’s a good time to buy a home.
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