Consumer Confidence Keeps Climbing, Rates Inching Up

Consumer Confidence Keeps Climbing, Rates Inching Up

It’s been half a year since we last checked in on Consumer Confidence and mortgage interest rates, so let’s take a look at a long-overdue update to those charts. First up, here’s the Consumer Confidence data as of June: The overall Consumer Confidence Index currently sits at 101.4, up 7 percent in a month and […]

KUOW Nails the Problem of Placing Blame for Rising Rents

In March I wrote a post calling out people who blame investors for rising rents and unaffordable housing. Today I’d like to highlight some reporting that gets it right. This story by KUOW’s Joshua McNichols is a couple weeks old, but he hits the nail on the head, and I wanted to make sure it […]

Don’t Blame Investors For Unaffordable Housing

An article published this week in Seattle Weekly titled A Letter to the Investor Buying Our Apartment Building pinned the blame for the lack of affordable housing in the Seattle area on investors and their dirty obsession with profits.

…Eve and Charles told us they were putting the property up for sale. Who could blame them? The building is a century old and so much work went into maintaining it, especially for a couple of people who, also, are aging. But it’s prime real estate, right on the water with a view that would make even Donald Trump drool. So we had a good idea of what would happen after the sale went through. Skyrocketing rents and a landlord we’d never see, much less ever know…

Consumer Confidence Hit a Seven-Year High in October

Consumer Confidence Hit a Seven-Year High in October

Before the NWMLS data hits this week let’s check in on how Consumer Confidence and mortgage interest rates fared during October. First up, here’s the Consumer Confidence data as of October: The overall Consumer Confidence Index currently sits at 94.5, up 6 percent in a month and up 31 percent from a year ago. At […]

Consumer Confidence Dipped in September

Consumer Confidence Dipped in September

This is a couple weeks late, but let’s check in on how Consumer Confidence and mortgage interest rates fared during September. First up, here’s the Consumer Confidence data as of September: The overall Consumer Confidence Index currently sits at 86.0, down 8 percent in a month but up 7 percent from a year ago. At […]

Consumer Confidence Expectations Dip Slightly in August

Let’s check in on how Consumer Confidence and mortgage interest rates fared during August. First up, here’s the Consumer Confidence data as of August: The overall Consumer Confidence Index currently sits at 92.4, up 2 percent in a month, 13 percent from a year ago, and at its highest point since October 2007. At 94.6, […]

Consumer Confidence Up 12 Percent From Last Year

Consumer Confidence Up 12 Percent From Last Year

Let’s check in on how Consumer Confidence and mortgage interest rates fared during July. First up, here’s the Consumer Confidence data as of July: The overall Consumer Confidence Index currently sits at 90.9, up 5 percent in a month, 12 percent from a year ago, and at its highest point since October 2007. At 88.3, […]