Encouraging news about consumer earnings could lead to more home sales in an already healthy growth market, even if the labor market is less certain.
On Monday, the Federal Reserve Bank of New York(New York Fed) released its latest Survey of Consumer Expectations, which showed that consumers’ earnings and income growth expectations rebounded while medium-term inflation expectations rose in June. Median expected household income growth rebounded from May’s sudden decline, increasing from 2.4 percent to 2.8 percent, the survey reported. Barring the blip in May, income growth expectations have been trending upward since January.
Likewise, median household spending growth expectations remained steady, at around 3.6 percent, as did perceptions of credit…
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