Americans outlook on housing defies overall economic pessimism

pessimism about the state of the economy. Although gas prices have provoked widespread concern, attitudes on this issue are less correlated with vi ews of the overall economy. Virtually all Americans, optimists and pessimists alike, see gas prices as a major problem. A Bleak Economic Picture 1991 1993 1995 1997 1999 2001 2003 2005

Public assessments of the nation’s economy have fallen to a two-year low, and the nation’s economic outlook remains relatively gloomy. In particular, faced with a steady stream of negative news about the U.S. housing market, Americans are substantially less inclined than they were even a few months ago to say they expect home prices to increase over the next few years.

Americans’ outlook on the economy went. The increasing pessimism, which erased three months of improvement, is a big blow to hopes that consumer spending will power an economic recovery. Economists.

The first and most important driver of market volatility is the pessimism related to the economic outlook. overall. -We limit our exposure to markets that are heavily correlated to commodity prices.

Downpayment requirements fall for 30-year, FRMs fha home loans have plenty of differences from conventional loans, including down payment requirements and the amount of that down payment. conventional loan down payment requirements vary from company to company-you may be told by one lender that five percent of the sale price of the home is required, while another may ask for 10%.

WASHINGTON — Americans’ views on the economy have dimmed this summer. But so far, the growing pessimism. economic outlook reflected in the poll, which was taken Aug. 18-22, follows a round of.

The total net worth of American households surged past $90 trillion, driven by a powerful buildup in the value of houses and stocks. At the national level, the housing market. the most sanguine.

Bank of America now offering $0 origination fee on certain mortgages Bank of America now offering $0 origination fee on certain. – Bank of America is looking to make its home loans cheaper for borrowers. The bank is now offering mortgages with $0 origination fees in a bid to win the business of borrowers who don’t have a ton of money squirreled away in savings to cover the myriad costs associated with buying a home.Home prices maintain upward trajectory Home; News. Local. Business; Colleges & Universities. Gas prices remain on upward trajectory. "One of the other key reasons for rising prices right now is refineries entering maintenance.

 · WASHINGTON, D.C. — Americans’ outlook for the economy has soured in the past two months, with 48% now saying economic conditions are worsening — up from 45% in December and 36% in November. Meanwhile, Americans remain positive about the availability of quality jobs and are still split on whether the economy is in overall good shape.

 · That’s still above average for the report, which indicates that it is the outlook for the future that that has driven the decline in overall optimism. Which is what the data show: the share of American believing the economy will improve dropped 5 points to 31 percent, bringing it back down to the financial crisis scarred long-run average.

Citigroup (NYSE:C) is riding the general wave of sector and market pessimism today, with the stock down a whopping 2.03% about two hours into trading. But aside from the overall negative investor.