Lately, I’ve noticed many clients feeling a bit uncertain about what’s next for the economy—and I get it. Recent reports show US consumer confidence just slipped to a seven-month low, even though people still feel okay about their current situation. The data: the present-conditions index jumped about 7 points to 121, but the expectations index dropped nearly 6 points to 68, a level that’s often been linked with recession worries. Early in Q3, employers cut 23,000 jobs and unemployment ticked up to around 4%, mostly because fewer people are in the workforce, not because hiring is picking up.
What does this mean if you’re considering a move? Despite the softer confidence, homebuying expectations only eased a little in mid-Q3—and actually kept trending up, with many still bracing for higher interest rates (about 61% expect rates to rise). With the Fed holding rates steady and the market not expecting much short-term relief, it looks like borrowing costs will remain high through year-end.
As someone who lives and works right here on the lake, I know how personal these decisions can feel. If you’re weighing your next step—whether buying or selling—a clear understanding of these shifts can help you move forward with confidence. I’m always here to offer honest insight and local perspective, so you can navigate this market with clarity and peace of mind.
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